1401 E 28th Street 112 &113 Norwalk, IA 50211
Property details
About 1401 E 28th Street 112 &113
Prime investment opportunity in Silver Estates, Norwalk! This fully leased one-story duplex at 1401 E 28th St, Units 112 & 113, is priced at $719,900 and generates $54,720 in annual income with a $39,494 NOI (5.49% cap rate). Unit 112 offers 1,305 SF, while Unit 113 features 1,385 SF, both with 2 bedrooms, 2 bathrooms, modern kitchens with quartz countertops, tile backsplashes, stainless steel appliances, and large islands. Open-concept living areas boast gas fireplaces, luxury vinyl plank flooring, and seamless access to covered decks. The primary suites include spacious walk-in closets, dual vanities, and tile showers. Each unit also offers an unfinished basement for future expansion, a dedicated laundry room, and a 2-car attached garage. The HOA ($460/month) covers exterior maintenance, lawn care, snow removal, and insurance for a hassle-free investment. With distinctive curb appeal, front porches, and a prime location in a growing community, this property is an excellent opportunity for investors or future owner-occupancy. A partial tax abatement adds even more value. Don’t miss out on this turnkey duplex with strong cash flow and low maintenance!
Highlights
Summary
- MLS Number: 685374
- MLS Name: DMAAR
- Office Name: Peoples Company
- Office Phone: (515) 402-3169
- Listing Agent: Ludwig, Kalen N
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$719,900
1401 E 28th Street 112 &113
$8,549
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Price information
Property sales
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Tax history
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Nearby schools
5
Lakewood Elementary School
Public District 4-5
2.1 mi
•9210 Happy Hollow Dr
4
Studebaker Elementary School
Public District KG-5
3.2 mi
•300 E County Line Rd
4
Morris Elementary School
Public District KG-5
3.2 mi
•1401 Geil Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,204. Most Norwalk, IA residents have annual incomes between $35k-100k. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.
Frequently asked questions
Living in Norwalk, IA
About 1401 E 28th Street 112 &113
This home is located at 1401 E 28th Street 112 &113 in Norwalk, IA and zip code 50211. This 2,690 square foot home, which was built in 2022, sits on a 0.13 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 13, 2023 and is currently priced at $719,900.
Over 6 listings were sold over their listed price in February 2025 in Norwalk, IA. In the same period over 10 listings were sold below the listed price and 2 listings were sold for the listed price. The number of listings in Norwalk, IA decreased by 2.9% between January and February 2025. Listings spent 110 days on the market in February 2025, and had a median list price of $335,400 during the same period.