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    Des Moines, IA
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    Des Moines, IA Apartment Buildings for Sale

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    Urbandale, IA Windsor Heights, IA Pleasant Hill, IA
    22 results
    Grand Avenue Multifamily Investment
    $595,000
    3,967 SF

    Grand Avenue Multifamily Investment

    3103 Grand Avenue, Des Moines, IA 50312

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

    • Rare investment opportunity in the highly desirable Grand Avenue corridor.
    • Strong income potential with 7 units in a multi‑family property.
    • Excellent location with visibility and proximity to downtown, dining, retail, and cultural attractions.
    • Recently remodeled units offering immediate cash‑flow possibilities.
    • Well‑maintained building with character and charm.
    Updated: Apr 29
    View details
    Des Moines Multifamily Investment Opportunity
    $385,000
    3,367 SF

    Des Moines Multifamily Investment Opportunity

    2931 Kingman Boulevard, Des Moines, IA 50311

    Five-unit property in Kingman neighborhood with off-street parking.

    • Rare 5‑unit investment property in the desirable Kingman neighborhood
    • Assigned off‑street parking for each unit
    • Updated units with 200 amp service metered to each unit, fresh paint, and refinished hardwood flooring
    • Detached car garage for additional rental income potential
    • Well‑maintained property with room for future revenue enhancement
    Updated: May 7
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    Turnkey Multifamily Investment
    $499,500
    4,025 SF

    Turnkey Multifamily Investment

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

    543 53rd Street, Des Moines, IA 50312
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    Multifamily Property in Drake Area
    $330,000
    2,522 SF

    Multifamily Property in Drake Area

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

    2936 Brattleboro Avenue, Des Moines, IA 50311
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    Income-Producing Multifamily Property in Des Moines
    $279,900
    3,306 SF

    Income-Producing Multifamily Property in Des Moines

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

    3419 1st Street, Des Moines, IA 50313
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    Seven-Unit Multifamily Investment
    $375,000
    3,174 SF

    Seven-Unit Multifamily Investment

    Seven units with off-street parking, an active rental certificate, and professional management in place.

    732 19th Street, Des Moines, IA 50314
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    Sherman Hill Multifamily Investment
    $475,000
    5,692 SF

    Sherman Hill Multifamily Investment

    Six-unit property in Des Moines' desirable Sherman Hill neighborhood.

    686 19th Street, Des Moines, IA 50314
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    Multifamily Investment Opportunity Near Downtown
    $154,000
    2,430 SF

    Multifamily Investment Opportunity Near Downtown

    Six-unit multifamily property, fully vacant, ready for renovation and lease-up.

    1430 8th Street, Des Moines, IA 50314
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    Des Moines Multi-Unit Investment
    $505,000
    4,140 SF

    Des Moines Multi-Unit Investment

    Turnkey multi-unit property with income potential in Des Moines.

    1314 22nd Street, Des Moines, IA 50311
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    Income-Producing Multifamily Property
    $269,000
    4,233 SF

    Income-Producing Multifamily Property

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

    717 Franklin Avenue, Des Moines, IA 50314
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    Multifamily Property Near Drake University
    $225,000
    2,734 SF

    Multifamily Property Near Drake University

    Multifamily property near Drake University with high cap rate potential.

    2303 Carpenter Avenue, Des Moines, IA 50311
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    Income-Producing Multi-Family Property
    $269,000
    4,233 SF

    Income-Producing Multi-Family Property

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

    717 Franklin Avenue, Des Moines, IA 50314
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    Renovated Multifamily Near Drake University
    $745,000

    Renovated Multifamily Near Drake University

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

    1137 26th Street, Des Moines, IA 50311
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    Des Moines Multifamily Investment Opportunity
    $2,250,000
    14,336 SF

    Des Moines Multifamily Investment Opportunity

    35-unit multifamily property near Des Moines CBD.

    2127 Indianola Avenue, Des Moines, IA 50315
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    Sherman Hill Multifamily Investment
    $499,900
    5,692 SF

    Sherman Hill Multifamily Investment

    Historic Des Moines multifamily property with immediate returns.

    686 19th Street, Des Moines, IA 50314
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    Des Moines Multifamily Investment Opportunity
    $745,000
    8,064 SF

    Des Moines Multifamily Investment Opportunity

    Well-maintained 12-unit apartment community in Des Moines, Iowa.

    6920 SW 9th St, Des Moines, IA 50315
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    Investor-Ready Six-Unit Apartment Building
    $360,000
    3,851 SF

    Investor-Ready Six-Unit Apartment Building

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

    1424 30th St, Des Moines, IA 50311
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    Luxury Mixed-Use Community in Des Moines
    Contact for pricing
    16,901 SF

    Luxury Mixed-Use Community in Des Moines

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

    4362 Hickman Road, Des Moines, IA 50310
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    Sherman Hill Multifamily Investment Opportunity
    $475,000
    2,988 SF

    Sherman Hill Multifamily Investment Opportunity

    Six-unit property in Des Moines' Historic Sherman Hill neighborhood.

    658 18th St, Des Moines, IA 50314
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    Des Moines Apartment Community
    $2,850,000
    27,360 SF

    Des Moines Apartment Community

    45-unit apartment community with renovated units in Des Moines, Iowa.

    2519 Clarkson Ave, Des Moines, IA 50310
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    Income-Producing Multifamily Property For Sale
    $269,000
    0.30 Acres

    Income-Producing Multifamily Property For Sale

    Six-unit multifamily property with income and parking.

    717 Franklin Avenue, Des Moines, IA 50314
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    Former Office Building with Theater
    $1,600,000
    67,325 SF

    Former Office Building with Theater

    Former office building with attached theater, suitable for redevelopment.

    3850 Merle Hay Rd, Des Moines, IA 50310
    View details
    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 22 Active Listings in Des Moines, IA, we suggest to view alternatives - similar 50 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)
    1,871 SF Lot: 3.38 Acres
    Value Estimation by Request

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

    View details
    2600 Kingman Blvd
    APARTMENT HOUSE (5+ UNITS)
    22,828 SF Lot: 0.52 Acres
    Estimated value
    $1,135,000

    2600 Kingman Blvd, Des Moines, IA 50311-4161

    View details

    Des Moines, IA Apartment Buildings Investment Opportunities Market Analysis

    Explore 72 apartment buildings for sale in Des Moines, IA, showcased through 22 active listings on our real estate platform. These investment opportunities span a total of 173,439 square feet of properties for sale, with an estimated market value of $13,237,800.

    Sale prices for two-family homes in Des Moines, IA start at $154,000, averaging $696,726, and reaching up to $2,850,000 — 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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    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    50313 $279.9K
    50314 $348.2K
    50311 $425K
    50312 $572K
    50315 $1.5M

    Taxes & Financing

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

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    Most Searched ZIP Codes in Des Moines, IA

    • 50314
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