805 805 1/2 W 10th Av N Street Clear Lake, IA 50428
MULTI_FAMILY - Clear Lake, IA
Property Features for 805 805 1/2 W 10th Av N Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 051235100400
- Size
- 1,308 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- L 15 MAPLEWOOD ADD
- Tax Annual Amount
- 2586
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Vinyl Siding
Listing agent Allan Ashland (641) 512-7650
Listing office Hall Realty 203 Main Avenue, Clear Lake, IA (641) 357-7373
Listing date Jun 24, 2026
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The duplex is located near Fareway shopping and Boyer Pool in Clear Lake, within a quiet neighborhood setting. The property is set on a small lot and presents an owner-occupant or investor-friendly configuration with two separate, independently improved living spaces.
For tenants, the updates provide a clean, move-in-ready environment with modernized finishes and in-unit garage parking. For buyers, the two-unit layout can offer the practicality of managing a duplex rather than a larger multi-family building, while still benefiting from the property’s broad interior renovations and functional garage improvements.
Key Highlights
- Fully remodeled duplex built in 1977
- Vinyl siding exterior with forced‑air heating
- Each unit features updated flooring, cabinets, and windows
Local Financial Insights For Multifamily LT 5
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 | $16.8k | $12.84 |
| − Vacancy | −$845 | −$0.65 |
| EGI | $15.9k | $12.19 |
| − OpEx | −$4.8k | −$3.66 |
| NOI | $11.2k | $8.54 |
