801 & 807 E Mckinley Avenue, Des Moines, IA 50315
MULTI_FAMILY - Other - Des Moines, IA
- Added:
- Jun 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 5:06 am
Property Features for 801 & 807 E Mckinley Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- N3A
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 1, Bathroom 4, Basement, Bedroom 2, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 6, Bedroom 3
- Appliances
- Dishwasher, Microwave, Refrigerator, Stove
- Standard status
- Active
- APN
- 12000138103003 & 120/00138-102-000
- Size
- 3,499 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- LOT 3 BELNOR HEIGHTS PLAT 2
- Tax Annual Amount
- 9817
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Dustin Kupka License #S65754000 (515) 681-7001
Listing office RE/MAX Precision 210 SE Main St, Clive, IA (515) 223-9492
Listing date Jun 9, 2026
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
- Side‑by‑side duplexes at 801 & 807 E. McKinley Ave., offering 4 total units with 3 bedrooms each
- Combined gross monthly income for both duplexes is $4,830
- Tenants pay all utilities, including water, sewer, storm water, gas, electric, plus lawn care and snow removal
- Unit 803 has new furnace & AC (2022)
- Central air and forced‑air natural gas heating; public water and public sewer
- Spacious backyards and walkout basements across the units
Overview
The duplexes are located just off E. McKinley Ave. in South Des Moines, within a residential area convenient to shopping, dining, and everyday amenities. The offering is positioned under zoning N3A. The combined site is 0.277 acres, and the property size is listed at 3,499 square feet.
Operating expense responsibilities are clarified for tenants and the owner. Tenants are responsible for all utilities, including water, sewer, storm water, gas, and electric, as well as lawn care and snow removal. The owner is responsible for snow removal of the parking areas due to the shared driveways. As an additional update, the seller reports 803 has a new furnace and AC installed in 2022.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.0k | $15.72 |
| − Vacancy | −$2.0k | −$0.57 |
| EGI | $53.0k | $15.15 |
| − OpEx | −$23.9k | −$6.82 |
| NOI | $29.2k | $8.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.602301
- Latitude
- 41.54051
