12-Unit Apartment
New
For Sale
$1,150,000
814 Taylor St, Des Moines, IA 50315
All apartments have two bedrooms and one bathroom, with laundry and tenant parking provided on site.
Property Size8,064 SF
Price / SF$142.61
Days on Market1
Property Features for 814 Taylor St
General Information
Standard status
Active
Size
8,064 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Indianola Hills
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Additional Details
Tenant in Place
Yes
Amenities
locked secure entry
on-site laundry facilities
Building Details
Year Built
1975
Buildings
1
Listing Agency:
All In Real Estate Inc
(319) 693-9301
Listed By:
Home Sweet Des Moines
(515) 783-9815
Source:
Homesweetdesmoines
Added: Nov 3
Last Checked: Nov 3 at 2:56PM
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 All In Real Estate Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 814 Taylor St, this 12-unit apartment building contains 8,064 square feet and was built in 1975. Each apartment has a two-bedroom, one-bathroom layout. Property improvements include a replacement roof, new siding and gutters, and a recently built rear porch. Secure entry, on-site laundry, and tenant parking are also provided.
The property is in the Indianola Hills area, with direct access to downtown Des Moines. Its residential layout and on-site amenities are consistent across all 12 units.
The property is in the Indianola Hills area, with direct access to downtown Des Moines. Its residential layout and on-site amenities are consistent across all 12 units.
Key Highlights
- 12 apartments totaling 8,064 square feet
- Every unit has a two‑bedroom, one‑bathroom floor plan
- Roof, siding, and gutters have been replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,211
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,220
$1.3M
Cap Rate 7%
$960,157
$960.2K
Cap Rate 9%
$746,789
$746.8K
Market Conditions
NOI Build-Up for 8,064 SF
Gross rent
$126.8K $15.72/SF
− Vacancy
−$4.6K −$0.57/SF
EGI
$122.2K $15.15/SF
− OpEx
−$55.0K −$6.82/SF
NOI
$67.2K $8.33/SF
Area
Des Moines, IA
Vacancy
3.60%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,220
Cap Rate 7%
$960,157
Cap Rate 9%
$746,789
Alternative Uses
Best Use
Apartment 5plus
$960.2K
$840.1K – $1.12M
NOI $67,211 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,021 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments have two bedrooms and one bathroom, with laundry and tenant parking provided on site.
Where is this apartment building located?
The property is located at 814 Taylor St Des Moines, IA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 12 apartments totaling 8,064 square feet; Every unit has a two‑bedroom, one‑bathroom floor plan; Roof, siding, and gutters have been replaced
