Remodeled Side-by-Side
622 SW Maple Street, Ankeny, IA 50023
For Sale
$299,900
MultiFamily, Duplex, Ankeny, IA
Property Size1,716 SF
Lot Size0.23 Acres
Price / SF$174.77
Days on Market51
Property Features for 622 SW Maple Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Precision · RE/MAX International
(515) 223-9492
Listed By:
David Rodriguez
(515) 619-8150
Added: Sep 23
Changed: Nov 10
Last Checked: Nov 12 at 7:06AM
MLS# 749787
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This side-by-side ranch duplex contains 1,716 square feet with two bedrooms and one bathroom in each unit. Both residences have been remodeled and are currently occupied. Recent property improvements include exterior painting, updated stoops, newer concrete approaches, and a replacement sewer line. Brick construction, shingle asphalt roofing, natural-gas forced-air heat, and central air conditioning serve the property. Each unit also includes a dishwasher, microwave, refrigerator, and stove.
The property is located at 622 SW Maple Street in Ankeny, Iowa, within the 50023 ZIP code. Public water and public sewer are in place, and the lot measures 0.231 acres. Tenants pay all utilities. Built in 1957, the duplex is zoned R and includes four bedrooms and two bathrooms in total.
The property is located at 622 SW Maple Street in Ankeny, Iowa, within the 50023 ZIP code. Public water and public sewer are in place, and the lot measures 0.231 acres. Tenants pay all utilities. Built in 1957, the duplex is zoned R and includes four bedrooms and two bathrooms in total.
Key Highlights
- Side‑by‑side ranch duplex with 1,716 square feet
- Two bedrooms and one bathroom per unit
- Both units recently remodeled and currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,224
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,480
$304.5K
Cap Rate 7%
$217,486
$217.5K
Cap Rate 9%
$169,156
$169.2K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$23.1K $13.44/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$21.7K $12.67/SF
− OpEx
−$6.5K −$3.80/SF
NOI
$15.2K $8.87/SF
Area
Polk County, IA
Vacancy
5.70%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,480
Cap Rate 7%
$217,486
Cap Rate 9%
$169,156
Alternative Uses
Best Use
Multifamily LT 5
$217.5K
$190.3K – $253.7K
NOI $15,224 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$190.1K
$166.4K – $221.8K
NOI $13,308 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$422.6K
$369.8K – $493.1K
NOI $29,583 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
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Business Placement
Demographics for 50023, IA
43,603
Population
17,822
Households
2.4
Avg Household Size
34
Median Age
55%
College-Educated
99%
High-School Grad
21.0 sq mi
ZIP Area
2,076
Density / Sq Mi
$113,914
Median Household Income
$59,891
Median Earnings
$1,191
Median Rent
$327,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Polk County, IA
Properties on Market for Duplexes in Polk County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-unit property with updated interiors, private utility responsibility, and public water and sewer service.
Where is this duplex located?
The property is located at 622 SW Maple Street Ankeny, IA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Side‑by‑side ranch duplex with 1,716 square feet; Two bedrooms and one bathroom per unit; Both units recently remodeled and currently occupied
