Duplex with Detached
New
For Sale
$200,000
807 S Jefferson Way, Indianola, IA 50125
Residential Income, Indianola, IA
Property Size1,350 SF
Lot Size0.26 Acres
Price / SF$148.15
Days on Market2
Property Features for 807 S Jefferson Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
C-2
Interior features
Central Vacuum
Exterior features
Vinyl Siding
Basement
Full
Directions
From 2nd Ave, go south on Jefferson Way 0.4 mile. The property is on the right (west side) at the corner. The shop (809) is on the same lot.
Subdivision
Indianola
Standard status
Active
APN
48860001561
Size
1,350 SF
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
25-76-24 AUDITORS OUT LOTS S 70' E 160' OL 156
Tax Annual Amount
2215
Legal Description
25-76-24 AUDITORS OUT LOTS S 70' E 160' OL 156
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1870
Floors in Building
1
Number of units
2
Listing Agency:
RE/MAX REAL ESTATE CENTER · RE/MAX International
Listed By:
Betts Team · License #B67497
2324663
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 2:06PM
MLS# 71670
Copyright © 2026 Central Iowa Board 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 duplex contains two rental units totaling 1,350 square feet, with three bedrooms and three bathrooms combined. A full basement and vinyl siding are part of the property, which has forced-air natural gas heat. The two units are currently occupied by tenants, and showings require 24-hour notice.
A detached 1,928-square-foot shop at 809 S Jefferson Way is included on the same 0.26-acre parcel. The property is zoned C-2.
A detached 1,928-square-foot shop at 809 S Jefferson Way is included on the same 0.26-acre parcel. The property is zoned C-2.
Key Highlights
- Two rental units with 3 bedrooms and 3 bathrooms combined
- 1,350 SF of residential space and a full basement
- Detached 1,928 SF shop at 809 S Jefferson Way, on the same parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,193
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,860
$243.9K
Cap Rate 7%
$174,186
$174.2K
Cap Rate 9%
$135,478
$135.5K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$18.6K $13.80/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$17.4K $12.90/SF
− OpEx
−$5.2K −$3.87/SF
NOI
$12.2K $9.03/SF
Area
Warren County, IA
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,860
Cap Rate 7%
$174,186
Cap Rate 9%
$135,478
Alternative Uses
Best Use
Multifamily LT 5
$174.2K
$152.4K – $203.2K
NOI $12,193 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$161.9K
$141.6K – $188.9K
NOI $11,331 @ 7.0% cap · market cap 5.67%
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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Lease Details
2
Residential units
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 parcel with a separate shop and C-2 zoning.
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 bathrooms combined; 1,350 SF of residential space and a full basement; Detached 1,928 SF shop at 809 S Jefferson Way, on the same parcel
