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    Des Moines Apartment Community
    Updated: Mar 24
    Des Moines Apartment Community

    2519 Clarkson Ave, Des Moines, IA 50310

    $2,655,000
    27,360 sqft
    Renovated Units: All 45 units are already renovated.
    Prime Location: Highly accessible location at the intersection of Douglas Avenue and MLK Jr Parkway.
    Strong Employment Hub: Close proximity to major employers.
    Recent Property Enhancements: Includes a new asphalt parking lot, newer boilers and hot water heaters, newer windows, and a new roof on Building C (2026).
    Value‑Add Opportunities: Potential to increase returns by converting the former leasing office and implementing a gas utility reimbursement program.
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    This listing looks promising.

    Here's a quick look at some key insights for

    2519 Clarkson Ave, Des Moines, IA 50310

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $228K
      Annual

    • Price @ 7% Cap

      $3.26M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1962
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    Des Moines Multifamily Investment Opportunity
    Updated: May 7
    Des Moines Multifamily Investment Opportunity

    2931 Kingman Boulevard, Des Moines, IA 50311

    $385,000
    3,367 sqft 0.26 AC lot
    5‑unit rental property in Des Moines’ Kingman neighborhood with assigned off‑street parking for each unit
    Detached car garage included, providing additional potential rental income
    Unit updates include 200 amp service metered to each unit, fresh paint, and carpet; majority of hardwood floors refinished
    Current published/occupied rents: Unit 1 $1,050; Unit 2 $795; Unit 3 $695; Unit 4 $820; Unit 5 $595
    Heating: natural gas forced air; appliances include refrigerator
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    Grand Avenue Multifamily Investment
    Grand Avenue Multifamily Investment

    3103 Grand Avenue, Des Moines, IA 50312

    $595,000
    3,967 sqft 0.53 AC lot

    Multi-family property with strong income potential in desirable Grand Avenue.

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    Turnkey Multifamily Investment
    Turnkey Multifamily Investment

    543 53rd Street, Des Moines, IA 50312

    $499,500
    4,025 sqft 0.16 AC lot

    Turnkey five-unit property with coin laundry and dedicated storage in an established residential setting.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Des Moines Multifamily Investment Opportunity
    Des Moines Multifamily Investment Opportunity

    2127 Indianola Avenue, Des Moines, IA 50315

    $2,250,000
    14,336 sqft

    35-unit multifamily property near Des Moines CBD.

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    Income-Producing Multifamily Property in Des Moines
    Income-Producing Multifamily Property in Des Moines

    3419 1st Street, Des Moines, IA 50313

    $279,900
    3,306 sqft 0.23 AC lot

    Seven-unit multifamily property with immediate cash flow and future upside.

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    Converted Victorian Five-Unit Property
    Converted Victorian Five-Unit Property

    3400 Ravina Drive, Des Moines, IA 50313

    $210,000
    4,067 sqft 0.37 AC lot

    Five-unit multifamily built in 1897 with preserved Victorian character, attached and detached garages, and laundry hookups.

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    Vacant 6-Unit Multifamily Property
    Vacant 6-Unit Multifamily Property

    1430 8th Street, Des Moines, IA 50314

    $129,000
    2,430 sqft 0.17 AC lot

    Six-unit multifamily property is fully vacant and cleared, with separate utilities already in place.

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    Income-Producing Multi-Family Property
    Income-Producing Multi-Family Property

    717 Franklin Avenue, Des Moines, IA 50314

    $269,000
    4,233 sqft 0.30 AC lot

    Six-unit property with rental income and potential for increases.

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    Income-Producing Multifamily Property
    Income-Producing Multifamily Property

    717 Franklin Avenue, Des Moines, IA 50314

    $269,000
    4,233 sqft 0.30 AC lot

    Six-unit multifamily property with income potential in Des Moines.

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    Value-Add Multifamily Apartment Community
    Value-Add Multifamily Apartment Community

    920 Meadow Lane, Des Moines, IA 50315

    $5,900,000
    6.86 AC lot

    102-unit apartment community across multiple parcels with surface parking in Des Moines, Iowa.

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    Multifamily Property Near Drake University
    Multifamily Property Near Drake University

    2303 Carpenter Avenue, Des Moines, IA 50311

    $225,000
    2,734 sqft 0.15 AC lot

    Multifamily property near Drake University with high cap rate potential.

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    Multifamily Property in Drake Area
    Multifamily Property in Drake Area

    2936 Brattleboro Avenue, Des Moines, IA 50311

    $330,000
    2,522 sqft 0.23 AC lot

    Five-unit building with income potential in Des Moines, Iowa.

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    Sherman Hill Multifamily Investment
    Sherman Hill Multifamily Investment

    686 19th Street, Des Moines, IA 50314

    $499,900
    5,692 sqft 0.17 AC lot

    Historic Des Moines multifamily property with immediate returns.

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    Investor-Ready Six-Unit Apartment Building
    Investor-Ready Six-Unit Apartment Building

    1424 30th St, Des Moines, IA 50311

    $340,000
    3,851 sqft

    Well-maintained multifamily asset in Des Moines' desirable Drake neighborhood.

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    Luxury Mixed-Use Community in Des Moines
    Luxury Mixed-Use Community in Des Moines

    4362 Hickman Road, Des Moines, IA 50310

    Contact for pricing
    16,901 sqft

    42-unit mixed-use property with apartments, townhomes, and medical office.

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    Income-Producing Multifamily Property For Sale
    Income-Producing Multifamily Property For Sale

    717 Franklin Avenue, Des Moines, IA 50314

    $269,000
    0.30 AC lot

    Six-unit multifamily property with income and parking.

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    Renovated Multifamily Near Drake University
    Renovated Multifamily Near Drake University

    1137 26th Street, Des Moines, IA 50311

    $637,480

    Renovated 12-unit multifamily property near Drake University and Downtown.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Des Moines, IA, we suggest to view alternatives - similar 54 Off-Market properties to explore as potential leads.

    Off-Market Properties in Des Moines, IA

    Consider similar Off-Market properties in Des Moines, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    5500 14th St
    APARTMENT HOUSE (5+ UNITS)

    5500 14th St, Des Moines, IA 50313-1643

    Value Estimation by Request
    1,871 sqft 3.38 AC lot
    View details
    2600 Kingman Blvd
    APARTMENT HOUSE (5+ UNITS)

    2600 Kingman Blvd, Des Moines, IA 50311-4161

    $1,135,000
    Estimated value
    22,828 sqft 0.52 AC lot
    View details
    3330 25th St
    APARTMENT HOUSE (100+ UNITS)

    3330 25th St, Des Moines, IA 50317-3600

    Value Estimation by Request
    76,524 sqft 3.17 AC lot
    View details
    200 Dickman Rd
    APARTMENT HOUSE (5+ UNITS)

    200 Dickman Rd, Des Moines, IA 50315-6262

    $24,725,000
    Estimated value
    21,648 sqft 10.71 AC lot
    View details
    200 Dickman Rd
    APARTMENT HOUSE (5+ UNITS)

    200 Dickman Rd, Des Moines, IA 50315-6262

    $24,725,000
    Estimated value
    21,648 sqft 10.32 AC lot
    View details
    7201 5th St
    APARTMENT HOUSE (5+ UNITS)

    7201 5th St, Des Moines, IA 50315-6400

    $24,725,000
    Estimated value
    24,492 sqft 4.75 AC lot
    View details

    Des Moines, IA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Des Moines, IA, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 86,123 square feet of properties for sale, with an estimated market value of $8,946,300.

    Sale prices for two-family homes in Des Moines, IA start at $139,000, averaging $639,021, and reaching up to $2,655,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 306K
    Population Growth (5Y) +2.6%
    Median Household Income $80,154
    College Educated 12.6%

    High-Yield Neighborhoods for Investment

    Identify Des Moines submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50313 $245K
    50314 $322.7K
    50311 $409K
    50312 $547.3K
    50310 $2.2M

    Taxes & Financing

    Tax Rate (average for all types) 3.09%
    Property Tax per SF $42.10 per SF
    Tax Rate vs County Average 0.49 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Polk County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Des Moines fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Des Moines, IA

    • 50311
    • 50314
    • 50310
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    • 50313
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