Des Moines IA Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- 2,187
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.15 Acres
- Year built:
- 1920
- Baths:
- 2.00
- MLS#:
- 709027
ADDITIONAL INFORMATION
Charming Duplex in Des Moines. Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for first-time investors or those seeking an owner-occupied rental opportunity. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus room. The basement provides ample extra storage space for tenant convenience, plus a shared washer and dryer. The upper-level unit is vacant and move-in ready with new paint, stove, and flooring. With 1 bedroom, 1 bath, and a large living room, it offers the perfect setup for an owner-occupant or an additional rental income stream. City of Des Moines rental certificate is good through August 23, 2027! Both units are equipped with newer water heaters and furnaces. Located close to amenities and transportation, this property offers incredible potential for passive income or multi-generational living. Don't miss your chance to own this fantastic investment property in a prime Des Moines location.
$238,500
686 34th Street Des Moines, IA 50312
- Type:
- Cluster
- Sq.Ft.:
- 1,993
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.14 Acres
- Year built:
- 1900
- Baths:
- 3.00
- MLS#:
- 709056
ADDITIONAL INFORMATION
Prime investment opportunity Visit this large, 3-unit turn-of-the century conversion in a well established west side neighborhood. Two one bedroom units and one efficiency can provide income as owner-occupied or affordable living opportunity for tenants. Close to life’s necessities freeway access, shopping ,banking, dining, schools and entertainment this quiet area provides an easy pied a terre for tenant and owner alike. Seller has made numerous updates and improvements inside and out. All three baths have been re-modeled, including new flooring and fixtures. There are brand-new appliances in the kitchen as well, including a dishwasher in one unit. The neutral carpeting is also brand-new, and all units are freshly painted throughout with neutral colors. On the exterior Seller has installed a new roof. The driveway and sidewalks are freshly poured, and the property has been newly landscaped. Tenants will enjoy off-street parking off the driveway.
- Type:
- Cluster
- Sq.Ft.:
- 1,960
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.18 Acres
- Year built:
- 1906
- Baths:
- 4.00
- MLS#:
- 708799
ADDITIONAL INFORMATION
Des Moines four plex for sale! Income producing property south of Grandview University on the west side of E. 14th Street. 2 one bedroom units. 2 efficiency units. All 4 units are currently occupied. Owner pays water and common area MidAmerican. 5 separate meters. Rental certificate good through December 2027. Property is being sold AS-IS.
- Type:
- Cluster
- Sq.Ft.:
- 2,213
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.17 Acres
- Year built:
- 1900
- Baths:
- 4.00
- MLS#:
- 708655
ADDITIONAL INFORMATION
Attention Investors! Here's a prime opportunity for you: A 4-unit property boasting robust cash flow and strategic enhancements designed to attract tenants. This gem comprises two 2-bedroom units and two 1-bedroom units. Recent updates are plentiful, featuring fresh exterior paint, a partially new roof (completed in 2019), a brand-new furnace (installed in 2019), and a modern water heater (upgraded in 2020). Additionally, two units have been outfitted with new carpeting, while two others boast updated bathrooms. One unit has received a fresh coat of interior paint, enhancing its appeal. Equipped with refrigerators and stoves in each unit, convenience is a priority here. Situated near a bus line, with a short commute to downtown Des Moines and easy access to I-235, this location offers unparalleled convenience for tenants. It's not just an investment; it's a pathway to wealth through real estate. Don't miss out on this lucrative opportunity!
- Type:
- Cluster
- Sq.Ft.:
- 3,042
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.26 Acres
- Year built:
- 1950
- Baths:
- 4.00
- MLS#:
- 708178
ADDITIONAL INFORMATION
4plex. All New: Roof, Gutters, Electrical, Windows, Tree removal, Tuck-pointing, Doors, Stoop and Awning, Refinished Hardwood floors, Paint, Stairs, Wainscoting, Lights, Quartz Countertops, Trim, Appliances, Vanities/Cabinets, Tile showers and Backsplashes, Hardware, Landscaping, "Mudroom" Lockers, Faucets, Outlets and Covers, Toilets, Parking Gravel (21.5 tons), and Much More!
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1900
- Baths:
- 7.00
- MLS#:
- 708113
ADDITIONAL INFORMATION
7 unit multi-family conversion located in the River Bend Neighborhood of Des Moines. Complex is 100% occupied and consists of 1- 2 bedroom, 2- 1 bedroom units, and 4- efficiency units. Please contact listing agent for financials and/or to set up a tour.
- Type:
- Cluster
- Sq.Ft.:
- 7,932
- Status:
- Active
- Beds:
- 13
- Lot size:
- 0.47 Acres
- Year built:
- 1895
- Baths:
- 11.00
- MLS#:
- 708025
ADDITIONAL INFORMATION
Large well well-maintained 11 plex near Drake University. Building has (9) one bedroom and (2) two bedroom units and (9) single garages. Located on a quiet street this property has been updated to be maintenance-free and has a rental certificate valid until April 2027. New apartment building roof was installed in 2016. New garage roofs in 2015 have a lifetime warranty 40 mil rubber. Units all have separate heating, with a mix of hot water, forced air and baseboard. Window AC units in 1-9 are tenant-owned. Newer AC units in 10 & 11 are seller owned. All bathrooms and 10 kitchens have been updated. Most windows are new and have exterior metal clad. A coin-operated washer and dryer is in the basement along with lots of storage. An updated fire alarm is operating and inspected. Northeast of building is a large vacant lot included, and could be additional parking or garages. Improvement grant money is available from Invest DSM. Check this one out today!
- Type:
- Cluster
- Sq.Ft.:
- 8,631
- Status:
- Active
- Beds:
- 14
- Lot size:
- 0.15 Acres
- Year built:
- 1910
- Baths:
- 8.00
- MLS#:
- 707454
ADDITIONAL INFORMATION
Introducing The Cutler Apartments, a historic gem located just blocks from Drake University, Downtown, and Interstate 235, offering unparalleled convenience for residents. This solid brick construction property is in great shape, with spacious units over 1200sf each. Tenants enjoy 2 bedrooms, a living room, dining room, and two additional versatile rooms, making it an ideal living space. Great for work-from-home office. The month-to-month tenancy allows for a seamless transition, and the current low rents present an opportunity for increased income. The property features coin-op laundry for extra revenue and untapped storage space that could generate additional income. Tenants pay for their electricity, while the owner covers common areas, heat, and water. With ample parking and easy commuting, this property is an attractive choice for tenants. Whether it's the proximity to key locations, the spacious units, or the potential for increased income, The Cutler presents a unique opportunity for multifamily/low-rise/garden investors seeking a blend of historical charm and financial potential.
- Type:
- Cluster
- Sq.Ft.:
- 1,116
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.22 Acres
- Year built:
- 1955
- Baths:
- 3.00
- MLS#:
- 707309
ADDITIONAL INFORMATION
This inviting property offers a versatile floor plan ideal for multi-generational living or rental income opportunities. Currently set up as a duplex, with the option of four bedrooms and three bathrooms in total, each level provides generous living space and privacy, perfectly suited to accommodate two households. The lower level has its own separate entrance, allowing for flexibility as a rental unit or as an independent living space for family members. An attached two-car garage with access to the main level enhances the homes convenience and functionality. Whether you envision transforming this property back to a single-family home or maintaining its duplex configuration, the possibilities are truly endless. Located near Merle Hay Mall and the vibrant Beaverdale area, this property provides easy access to shopping, dining, and entertainment.
- Type:
- Cluster
- Sq.Ft.:
- 2,018
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.2 Acres
- Year built:
- 1896
- Baths:
- 3.00
- MLS#:
- 706534
ADDITIONAL INFORMATION
Great cash flow opportunity in Drake neighborhood with big neighborhood improvements on the horizon.
$220,000
1825 7th Street Des Moines, IA 50314
- Type:
- Cluster
- Sq.Ft.:
- 2,709
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.15 Acres
- Year built:
- 1896
- Baths:
- 5.00
- MLS#:
- 705657
ADDITIONAL INFORMATION
Such an amazing chance to start or build your investment portfolio. This fully rented multifamily property brings in steady income and has been well maintained. Located centrally with easy access to everything, it is attractive for renters. Must request showing AT LEAST 48 hours in advance.
- Type:
- Cluster
- Sq.Ft.:
- 1,760
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- 704842
ADDITIONAL INFORMATION
This one is a blank slate. It has brand new siding around the entire exterior. And the water line was replaced in 2018. Otherwise, the interior has been completely stripped and is a blank slate for you to create whatever you want. Each unit is surprisingly big.
- Type:
- Cluster
- Sq.Ft.:
- 2,214
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.15 Acres
- Year built:
- 1891
- Baths:
- 2.00
- MLS#:
- 703957
ADDITIONAL INFORMATION
2+ story top-bottom duplex with both units currently occupied. $1450 monthly gross rent. Unit 1: 2 BR, 1 BA rents at $725/mo. Unit 2 is a 2 BR, 1 BA with additional finished attic currently being used as a BR that rents at $725/mo. Separate meters with tenants paying for gas and electric. Owner/landlord pays water, trash, taxes, insurance, misc expenses. Rental certificate through May 2025. Property is being sold as-is. Listing information per assessor.
- Type:
- Cluster
- Sq.Ft.:
- 2,477
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.15 Acres
- Year built:
- 1918
- Baths:
- 2.00
- MLS#:
- 702882
ADDITIONAL INFORMATION
This duplex features remodeling to include electrical, plumbing, floors, paint, doors, fixtures, lighting, etc. It has a 10 year TAX ABATEMENT!! All units have separate entrances and off-street parking.The downstairs unit has a large basement. The upstairs has 3 bedroom, 1 bath, washer/dryer, kitchen and dining area and living room; the downstairs unit has 3 bedrooms (1 non-conforming in the basement), 1 bath, large basement, kitchen, dining area and washer/dryer hookups. There is also a 2 car garage, two additional parking spaces plus the parking in the street.
$190,000
3138 7th Street Des Moines, IA 50313
- Type:
- Cluster
- Sq.Ft.:
- 1,479
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.22 Acres
- Year built:
- 1891
- Baths:
- 2.00
- MLS#:
- 701499
ADDITIONAL INFORMATION
Charming up/down duplex in the desirable Highland Park neighborhood. Main floor unit features two spacious bedrooms and an updated kitchen and bath. Upstairs is a one bedroom unit with a nice sized living room and kitchen. Laundry area is located in the basement, along with additional storage space and stubbed in for another bathroom. Off street parking for both units and a great spot to add a garage. Fully fenced front yard provides a secure space for outdoor activities. Enjoy the convenience of being close to downtown Des Moines, with easy access to shopping, dining and entertainment. This property is a great investment opportunity or a chance to live in one unit and rent out the other. Don't miss out on this Highland Park gem!
- Type:
- Cluster
- Sq.Ft.:
- 3,298
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.15 Acres
- Year built:
- 1893
- Baths:
- 6.00
- MLS#:
- 701254
ADDITIONAL INFORMATION
Great 6-plex Investment in the Drake neighborhood! All units currently available to show. This home is available for grants / loans through Invest DSM. https://investdsm.org/
$300,000
1427 5th Avenue Des Moines, IA 50314
- Type:
- Cluster
- Sq.Ft.:
- 6,360
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1906
- Baths:
- MLS#:
- 700184
ADDITIONAL INFORMATION
- Type:
- Cluster
- Sq.Ft.:
- 5,756
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.53 Acres
- Year built:
- 2017
- Baths:
- 5.00
- MLS#:
- 698108
ADDITIONAL INFORMATION
This dormitory-style sorority/fraternity near the Drake University campus will sleep approximately 23 individuals and includes plenty of off-street parking. A commercial-style kitchen and dining hall are on the lower level with elevator access to the main level. The two living quarters on the main level include their own bathrooms and laundry. The second level is dorm style with 7 bunk rooms and a communal bathroom with multiple facilities and laundry. This attractive building is in excellent condition and is furnished.
This 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. This is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Des Moines Area Association of Realtors. All rights reserved.
Des Moines Real Estate
The median home value in Des Moines, IA is $215,000. This is lower than the county median home value of $247,000. The national median home value is $338,100. The average price of homes sold in Des Moines, IA is $215,000. Approximately 55.3% of Des Moines homes are owned, compared to 36.9% rented, while 7.8% are vacant. Des Moines real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Des Moines real estate agent to arrange a tour today!
Des Moines, Iowa has a population of 213,545. Des Moines is less family-centric than the surrounding county with 28.89% of the households containing married families with children. The county average for households married with children is 34.53%.
The median household income in Des Moines, Iowa is $58,444. The median household income for the surrounding county is $73,015 compared to the national median of $69,021. The median age of people living in Des Moines is 34.2 years.
Des Moines Weather
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 35.9 inches per year, with 32.9 inches of snow per year.