Duplex with Attached
815 817 W 10 Avenue N Clear Lake, IA 50428
New
815 817 W 10 Avenue N, Clear Lake, IA, 50428
$299,000
For Sale
$299,000
MULTI_FAMILY - Clear Lake, IA
Property Size2,580 SF
Lot Size0.22 Acres
Price / SF$115.89
Days on Market2
Property Features for 815 817 W 10 Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Basement
- Full, Partially Finished
- Standard status
- Active
- APN
- 051147700100
- Size
- 2,580 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- L 1 MAPLEWOOD ADD EXC COM AT SW COR L 1 TH N 00000'00" W 54.16' TO POB TH CONT N 00000'00" W 31.46' TO NW COR L 1 TH S 83032'53" E 115.32' TH N 88059'30" W 71.65' TO POB 54.50' RAD TANG CURVE CONCAV
- Tax Annual Amount
- 3454
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Siding
Listing agency
Hall Realty
(641) 357-7373
Listed by
Carrie Shannon · License #***
(641) 583-1649
Added: Jul 20 Checked: Jul 21 at 9:06AM
MLS# 6340554
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.
This duplex offers two residential units designed for flexible ownership. Each unit includes approximately 1,040 square feet of finished living space, an attached garage, and a full unfinished basement that can provide storage or room for future finishing.
The property is located in Clear Lake, Iowa, and is described as conveniently situated near a grocery store and scenic walking trails.
With two separate units and on-site parking via the attached garages, the layout supports a combination of owner-occupancy and rental use.
The property is located in Clear Lake, Iowa, and is described as conveniently situated near a grocery store and scenic walking trails.
With two separate units and on-site parking via the attached garages, the layout supports a combination of owner-occupancy and rental use.
Key Highlights
- Duplex built in 1978 with wood siding and forced‑air heating
- Each unit offers approx. 1,040 sq ft of finished living space
- Each unit includes an attached garage
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 | $33.1k | $12.84 |
| − Vacancy | −$1.7k | −$0.65 |
| EGI | $31.5k | $12.19 |
| − OpEx | −$9.4k | −$3.66 |
| NOI | $22.0k | $8.54 |
2,580 SF · lease $12.84/SF/yr · vacancy 5.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$314.6K
$275.3K – $367.1K
NOI $22,023 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$278.7K
$243.9K – $325.2K
NOI $19,512 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$647.6K
$566.7K – $755.6K
NOI $45,335 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex for sale with attached garages and a full unfinished basement in each unit.
Where is this duplex located?
The property is located at 815 817 W 10 Avenue N Clear Lake, IA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex built in 1978 with wood siding and forced‑air heating; Each unit offers approx. 1,040 sq ft of finished living space; Each unit includes an attached garage
