Log In/Sign Up
Your email has been sent.
1137 26th St 12 Unit Apartment Building $1,052,450 CAD ($87,704 CAD/Unit) 7.07% Cap Rate Des Moines, IA 50311
Investment Highlights
- 12-unit multifamily in Des Moines — located in a neighborhood seeing active reinvestment and strong demand
- $332,783 projected net resale proceeds on a $232,500 equity investment
- 12.42% after-tax IRR (11.67% modified IRR) at a 5-year exit
- Stable income + long-term upside — positioned where institutional buyers are already investing — positioned where institutional buyers are already inv
Executive Summary
The KataLYST Team by KW Commercial is pleased to market exclusively for sale 1137 26th Street, Des Moines, Iowa — a 12-unit multifamily asset positioned at the intersection of stable income, institutional demand, and compelling long-term upside in one of Des Moines' most actively reinvested urban neighborhoods. On an after-tax basis, the investment delivers an IRR of 12.42% and a modified IRR of 11.67% at a 5-year exit, with projected net resale proceeds of $332,783 on an initial equity investment of $232,500.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,052,450 CAD | Building Class | C |
| Price Per Unit | $87,704 CAD | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 7,298 SF |
| Cap Rate | 7.07% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1895 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $1,052,450 CAD |
| Price Per Unit | $87,704 CAD |
| Sale Type | Investment |
| Cap Rate | 7.07% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 7,298 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1895 |
| Opportunity Zone |
Yes |
| Zoning | R-3 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 600 |
| 1+1 | 6 | - | 750 |
| 2+1 | 1 | - | 1,000 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 030-01439000000 | Improvements Assessment | $1,042,212 CAD |
| Land Assessment | $46,707 CAD | Total Assessment | $1,088,919 CAD |
Property Taxes
Parcel Number
030-01439000000
Land Assessment
$46,707 CAD
Improvements Assessment
$1,042,212 CAD
Total Assessment
$1,088,919 CAD
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1137 26th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.