Des Moines IA Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- 8,631
- Status:
- NEW LISTING
- 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.
$649,000
543 53rd Street Des Moines, IA 50312
- Type:
- Cluster
- Sq.Ft.:
- 4,025
- Status:
- NEW LISTING
- Beds:
- 6
- Lot size:
- 0.16 Acres
- Year built:
- 1916
- Baths:
- 5.00
- MLS#:
- 707486
ADDITIONAL INFORMATION
Calling All Investors! This turnkey multifamily is ready to pass to new owners after 18 years. The over 4,000 finished sqft offers 5 units: four 1-bedroom and one 2-bedrooms with rent roll nearly $5,000. The owner’s apartment is stunning and completely remodeled with gorgeous hardwood floors, quartz counters paired with gorgeous backsplash & new cabinets & sink, beautiful bathroom, walk-in closet off the bedroom with custom clothing unit/shelving, newer windows, designer light fixtures, top of the line stainless appliances and the list goes on! Storage is available in the 2+ car attached garage and lower level. Coin laundry serves the tenants well. Parking is provided by on-street and off-street. This location is amazing in the heart of the Waterbury neighborhood within walking distance to public transportation and minutes to the “Avenues” of Ingersol and Grand for shopping and restaurant experiences. This is an easy commute to downtown and I-235 to the suburbs. This is an excellent choice to add to your investment portfolio!
- Type:
- Cluster
- Sq.Ft.:
- 663
- Status:
- Active
- Beds:
- 5
- Year built:
- 1918
- Baths:
- 5.00
- MLS#:
- 707316
ADDITIONAL INFORMATION
5 Units to be sold together in one transaction. Each unit: 1/Bed with 1/Bath. Shared laundry. Great Waterbury location! Schedule your tour today!
- 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.
$385,000
669 19th Street Des Moines, IA 50314
- Type:
- Cluster
- Sq.Ft.:
- 1,962
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.15 Acres
- Year built:
- 1885
- Baths:
- 4.00
- MLS#:
- 705727
ADDITIONAL INFORMATION
Check out this historic 4 plex in the popular Sherman Hill neighborhood of Des Moines. Featuring a 2 br, two 1 br, and studio units there are many options. The 2 bedroom unit is tastefully remodeled and would make a great owner occupant part of the building as well. Hardwood floors and historic trim runs throughout the home as expected in this part of town. Tenants will love the back courtyard area great for relaxing. There is off-street parking in the alley as well adding another tenant benefit. HVAC is already separated so no issue with shared air to worry about. Would make a great option for an owner to live and have tenants off set payments! Schedule a showing today!
- Type:
- Cluster
- Sq.Ft.:
- 1,429
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.1 Acres
- Year built:
- 1868
- Baths:
- 3.00
- MLS#:
- 705663
ADDITIONAL INFORMATION
$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.:
- 1,600
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.11 Acres
- Year built:
- 1983
- Baths:
- 2.00
- MLS#:
- 704525
ADDITIONAL INFORMATION
Welcome to 844 Walker Street, a beautifully maintained duplex in the heart of Des Moines! This delightful property offers an excellent opportunity for investors or homeowners looking for additional rental income.
- 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
$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/
- Type:
- Cluster
- Sq.Ft.:
- 6,048
- Status:
- Active
- Beds:
- 1
- Lot size:
- 0.44 Acres
- Year built:
- 1951
- Baths:
- 11.00
- MLS#:
- 700872
ADDITIONAL INFORMATION
Unique opportunity to own an income producing investment property steps away from Downtown Des Moines. This prime property features 11 units including one, one bedroom with attached garage, 10 studio apartments, a coin operated laundry room, and a large off street parking lot with room for up to 20 vehicles. 5 of the studio units and the one bedroom are currently utilized as MTR's and have all been recently renovated. One additional studio unit has been recently renovated and is ready for the next tenant. Rental certificate is good through June 2025. Seller is offering a $50,000 credit at closing for the HVAC system. Don't miss out on the chance to add 1941 Courtland Dr to your portfolio and capitalize on the booming Des Moines rental market!
$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.:
- 1,451
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.15 Acres
- Year built:
- 1910
- Baths:
- 3.00
- MLS#:
- 698220
ADDITIONAL INFORMATION
3-Plex in great shape with new rental certificate. Lot of updates included newer roof and HVAC. Home is on a quiet street with very little traffic. 2 of the 3 units have laundry within the unit. Electric is tenant's responsibility and owner pays water.
- 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.
$1,450,000
4221 SE 13th Street Des Moines, IA 50315
- Type:
- Cluster
- Sq.Ft.:
- 14,256
- Status:
- Active
- Beds:
- 24
- Lot size:
- 0.65 Acres
- Year built:
- 1971
- Baths:
- 24.00
- MLS#:
- 697989
ADDITIONAL INFORMATION
Presenting the Southview Apartment Complex on Des Moines' SE side. This 24-unit property features all 1 bed/1 bath units, perfect for steady rental demand. Nestled on a quiet street, residents enjoy easy access to public transportation and the convenience of two dedicated parking lots, eliminating the hassle of street parking. Consistent rental history and untapped potential for income growth. Current rents are 4% below market value, providing a lucrative opportunity for increased returns. Don?t miss out on this chance to enhance your investment portfolio with a solid and promising asset.
- Type:
- Cluster
- Sq.Ft.:
- 2,502
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.18 Acres
- Year built:
- 1905
- Baths:
- 4.00
- MLS#:
- 696793
ADDITIONAL INFORMATION
This cash-flowing property is in the heart of the Drake neighborhood and right across the street from the new Broadlawns Clinic at Drake. This fully occupied 4 unit property brings in 3050/mo of rent and all unit specific utilities are paid for by tenants directly. Property has 8+ parking spaces off the street and additional street parking. This could also be a great house hacking opportunity to offset the current housing costs with owner occupied financing with as little as 5% down creating a situation where the fellow tenants offset the mortgage. Contact listing agent for Income statement and specific rent roll per unit.
- Type:
- Cluster
- Sq.Ft.:
- 1,408
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.3 Acres
- Year built:
- 1977
- Baths:
- 1.00
- MLS#:
- 696468
ADDITIONAL INFORMATION
This duplex presents a great opportunity to add to your rental portfolio. Each unit of this duplex features two bedrooms, and one bathroom. Each side also features its own basement area, that features the washer and dryer. Each unit is currently rented out, which means it will produce you an income from day one.
- Type:
- Cluster
- Sq.Ft.:
- 1,408
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.23 Acres
- Year built:
- 1977
- Baths:
- 1.00
- MLS#:
- 696464
ADDITIONAL INFORMATION
This duplex presents the perfect opportunity to buy an income producing investment property. Each side of the duplex is currently being rented. Each side of the duplex features 2bedrooms, 1 bathroom, and an unfinished basement.
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 2024 Des Moines Area Association of Realtors. All rights reserved.
Des Moines Real Estate
The median home value in Des Moines, IA is $210,954. 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 $210,954. 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.