Des Moines IA Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- 5,756
- Status:
- NEW LISTING
- Beds:
- 9
- Lot size:
- 0.53 Acres
- Year built:
- 2017
- Baths:
- 5.00
- MLS#:
- 709677
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.
- Type:
- Cluster
- Sq.Ft.:
- 2,484
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.15 Acres
- Year built:
- 1906
- Baths:
- 4.00
- MLS#:
- 709408
ADDITIONAL INFORMATION
This Four-plex investment opportunity is located near Drake University. It features two, two-bedroom units, each with a full bathroom. and two efficiency units with 3/4 bathrooms. All units have separate entrances and off-street parking. The property had been recently updated with a new HVAC boiler system and have rental certificates valid thru most of 2025.
- 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.
- 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.:
- 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.
- 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. $1550 monthly gross rent. Unit 1: 2 BR, 1 BA rents at $750/mo. Unit 2 is a 2 BR, 1 BA with additional finished attic currently being used as a BR that rents at $800/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.:
- 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/
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 $175,700. 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 $175,700. 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 50311 has a population of 213,545. Des Moines 50311 is less family-centric than the surrounding county with 27.63% 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 50311 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 50311 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.