Duplex with Detached
New
For Sale
$200,000
807 S Jefferson Way, Indianola, IA 50125
Two tenant-occupied rental units share the property with a separate shop and full basement.
Property Size1,928 SF
Price / SF$148.15
Days on Market3
Property Features for 807 S Jefferson Way
General Information
Standard status
Active
Size
1,928 SF
Property subtype
Multi-Family
Additional Details
Property Use
Shop
Building Details
Year Built
1870
Buildings
1
Building Size
1,928 SF
Listing Agency:
Hunziker & Associates, Inc.
(515) 233-4450
Listed By:
Home Sweet Des Moines
(515) 783-9815
Source:
Homesweetdesmoines
Added: Oct 28
Last Checked: Oct 28 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hunziker & Associates, Inc.
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Investment Insights
Based on property information with market context.
This duplex contains two rental units with a combined 3 bedrooms, 3 baths, and 1,350 square feet of living area. A full basement adds space, while vinyl siding and forced-air gas heat serve the building, which dates to 1870.
A detached 1,928-square-foot shop is included on the same parcel. The units are currently occupied, and showings require 24 hours’ notice.
A detached 1,928-square-foot shop is included on the same parcel. The units are currently occupied, and showings require 24 hours’ notice.
Key Highlights
- Two rental units with 3 bedrooms and 3 baths combined
- 1,350 SF of residential space and a full basement
- Detached 1,928 SF shop on the same parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,967
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,340
$359.3K
Cap Rate 7%
$256,671
$256.7K
Cap Rate 9%
$199,633
$199.6K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$31.6K $23.40/SF
− Vacancy
−$2.8K −$2.11/SF
EGI
$28.7K $21.29/SF
− OpEx
−$10.8K −$7.99/SF
NOI
$18.0K $13.31/SF
Area
Warren County, IA
Vacancy
9.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,340
Cap Rate 7%
$256,671
Cap Rate 9%
$199,633
Alternative Uses
Best Use
Mixed Use
$256.7K
$224.6K – $299.5K
NOI $17,967 @ 7.0% cap · market cap 8.98%
Second Best
Multifamily LT 5
$174.2K
$152.4K – $203.2K
NOI $12,193 @ 7.0% cap · market cap 6.10%
Theoretical Best
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $90,968 @ 7.0% cap · market cap 45.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
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Business Placement
Demographics for 50125, IA
20,906
Population
8,039
Households
2.6
Avg Household Size
39
Median Age
34%
College-Educated
97%
High-School Grad
162.4 sq mi
ZIP Area
129
Density / Sq Mi
$86,463
Median Household Income
$42,822
Median Earnings
$975
Median Rent
$248,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied rental units share the property with a separate shop and full basement.
Where is this duplex located?
The property is located at 807 S Jefferson Way Indianola, IA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two rental units with 3 bedrooms and 3 baths combined; 1,350 SF of residential space and a full basement; Detached 1,928 SF shop on the same parcel
