West Des Moines 12-Plex
800 13th Street, West Des Moines, IA 50265
MULTI_FAMILY - Other - West Des Moines, IA
Property size:
10,143 SFLot size:
0.55 Acres- Added:
- Oct 13, 2025
- Days on Market:
- 216
- Last Refresh:
- May 16 at 5:06 pm
Property Features for 800 13th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RH
- Bedrooms
- 24
- Bathrooms
- 12
- Rooms
- Bedroom 11, Bedroom 5, Bedroom 4, Bedroom 8, Bedroom 21, Bathroom 3, Bedroom 10, Bathroom 10, Bedroom 24, Bedroom 3, Bedroom 23, Bedroom 22, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 20, Bedroom 9, Bedroom 12, Bedroom 15, Bathroom 6, Bathroom 5, Bathroom 9, Bedroom 14, Bedroom 2, Bedroom 16, Bathroom 11, Bathroom 12, Bedroom 19, Bathroom 8, Basement, Bathroom 1, Bedroom 13, Bedroom 6, Bedroom 18, Bathroom 7, Bedroom 17
- Parking features
- Garage
- Standard status
- Pending
- APN
- 32000998000000
- Size
- 10,143 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Description
- LOT 21 CLOVER HILLS PLAT 3
- Tax Annual Amount
- 18507
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1966
- Floors in Building
- 3
- Number of units
- 12
- Building materials
- Brick, Frame
- Architectural style
- Other
Listing agent Stephanie Thomas (515) 771-7788
Listing office RE/MAX Concepts 2940 Grand Prairie Pkwy Ste. 200, IA (877) 407-2676
Listing date Oct 13, 2025
MLS# 728213
Listing URL
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.
HighLights
- Fully rented 12‑unit apartment building generating $12,370 monthly income.
- Each unit includes a one‑car detached garage.
- Newer roof and updated electrical system with individual meters.
- Spacious 2‑bedroom units equipped with stove, dishwasher, refrigerator, and microwave.
- Most units have been renovated.
- On‑site coin‑operated laundry, storage shed, and picnic area; close to bus line.
Overview
This is a three-story, brick 12-plex apartment building located in West Des Moines, Iowa. The property features twelve spacious 2-bedroom, one-full-bath units. Each unit includes a one-car detached garage. A newer roof and updated electrical systems throughout the building are notable features, with individual electric meters for each unit. The property provides ample parking. Each unit is equipped with a stove, dishwasher, refrigerator, and microwave. There are two coin-operated laundry areas available for tenants. Most of the units have been renovated. Additional amenities include a storage shed and a picnic area. The property is conveniently located close to a bus line. The building is fully rented with no current vacancies, generating a total monthly income of $12,370. The lot size is 0.551 acres, and the property size is 10,143 square feet. The property is zoned RH.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$874.0K
NOI $78,659 @ 9.00% cap · cautious / downside scenario
Moderate
$1.12M
NOI $78,659 @ 7.00% cap · market / base-case scenario
Aggressive
$1.57M
NOI $78,659 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.1k | $15.00 |
| − Vacancy | −$9.1k | −$0.90 |
| EGI | $143.0k | $14.10 |
| − OpEx | −$64.4k | −$6.35 |
| NOI | $78.7k | $7.76 |
10,143 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.12M
$983.2K – $1.31M
NOI $78,659 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$9.76M
$8.54M – $11.39M
NOI $683,476 @ 7.0% cap · market cap 52.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- West Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.7216
- Latitude
- 41.580981
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Three-story, 12-unit apartment building in West Des Moines, Iowa.
Where is this apartment building located?
The property is located at 800 13th Street West Des Moines, IA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Fully rented 12‑unit apartment building generating $12,370 monthly income.; Each unit includes a one‑car detached garage.; Newer roof and updated electrical system with individual meters.
