$719,900

1401 E 28th Street 112 &113 Norwalk, IA 50211

$8,549
Closing credit¹
4 beds
2 full
2,690 sqft
0.1 acres
$268 / sqft
Multi-Family

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

Home typeDuplex
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size2,690 sqft
BasementYes
Lot size0.13 Acres
Year built2022
ParkingAttached, Garage, Two Car Garage
MLS #685374
Attached garage2 spaces

Summary

  • MLS Number: 685374
  • MLS Name: DMAAR
  • Office Name: Peoples Company
  • Office Phone: (515) 402-3169
  • Listing Agent: Ludwig, Kalen N

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
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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view of front of property with a garage

$719,900

1401 E 28th Street 112 &113

$8,549

closing credit¹

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0.5% sale price²

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.

All data from GreatSchools

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.

How much money do the neighbors make?

21%
<35k
55%
35k-100k
20%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

26%
Single, No Kids
5%
Single, with Kids
45%
Married, No Kids
24%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
10%
12-17 yrs old
12%
18-34 yrs old
49%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • Figure SkatingFigure Skating
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Dick's Sporting GoodsDick's Sporting Goods
  • DillardsDillards
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Texas RoadhouseTexas Roadhouse
  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's

What do the neighbors drive?

  • SubaruSubaru
  • CadillacCadillac
  • RamRam

What do the neighbors listen to?

  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

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.

From Rocket Homes Real Estate and based on county public records data.

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