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    Des Moines, IA Apartment Buildings for Sale

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    31 properties
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    Mixed-Use Property with Two Buildings
    Updated: Sep 18
    Mixed-Use Property with Two Buildings

    2312 Forest Avenue, Des Moines, IA 50311

    $200,000
    7,238 sqft 0.26 AC lot
    Two buildings on one parcel totaling 7,238 Square Feet
    2312 Forest Avenue includes approximately 1,144 sq. ft. of finished commercial space
    Upper level includes two 2‑bedroom apartments opened to the studs
    1370 23rd Street is an approximately 4,124 sq. ft. Victorian home
    Second building was previously configured as seven apartments
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    Five-Unit Victorian Apartment Building
    Updated: Jun 1
    Five-Unit Victorian Apartment Building

    3400 Ravina Drive, Des Moines, IA 50313

    $185,000
    4,067 sqft 0.37 AC lot
    Five‑unit apartment property in a converted Victorian residence
    4,067 square feet on 0.37 acres
    Built in 1897 with ornate staircase, millwork, stained glass, and fireplace surround
    Two units have newer kitchens and flooring; remaining units require substantial work
    Two attached garage spaces plus two detached garage spaces
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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    717 Franklin Avenue, Des Moines, IA 50314

    $269,000
    4,233 sqft 0.30 AC lot

    Fully leased multifamily property with basement storage and a substantial on-site parking area.

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    See hot listings in Des Moines

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    30-Unit Apartment Building
    30-Unit Apartment Building

    5555 Southwest 9th Street, Des Moines, IA 50315

    $1,650,000
    23,400 sqft 0.73 AC lot

    Three-story community with one- and two-bedroom floor plans, surface parking, and recent exterior improvements.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    717 Franklin Avenue, Des Moines, IA 50314

    $269,000
    4,233 sqft 0.30 AC lot

    Fully occupied multifamily property with basement storage, substantial parking, and public utilities.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    2931 Kingman Boulevard, Des Moines, IA 50311

    $360,000
    3,367 sqft 0.26 AC lot

    Updated interiors, assigned off-street parking, and a detached garage support the property’s multifamily layout.

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    Five-Unit Victorian Apartment Building
    Five-Unit Victorian Apartment Building

    3400 Ravina Dr, Des Moines, IA 50313

    $185,000
    4,067 sqft 0.37 AC lot

    Historic converted residence with original architectural details, multiple utility meters, garages, and renovation needs.

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    47-Unit Apartment Building
    47-Unit Apartment Building

    3830 6th Avenue, Des Moines, IA 50313

    $2,650,000
    34,550 sqft

    Two three-story buildings offer studio, one-bedroom, and two-bedroom apartments with surface parking and functional layouts.

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    Renovated 7-Unit Apartment Building
    Renovated 7-Unit Apartment Building

    2447 E Walnut St, Des Moines, IA 50317

    $395,000
    4,530 sqft

    Brick multifamily property with recently upgraded interiors throughout all residences.

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    Mixed-Use Property with Apartments
    Mixed-Use Property with Apartments

    2312 Forest Ave, Des Moines, IA 50311

    $200,000
    7,238 sqft

    Two renovation-ready structures combine commercial space with residential redevelopment potential on one parcel.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    717 Franklin Ave, Des Moines, IA 50314

    $269,000
    4,233 sqft

    Fully leased property with basement storage and a large on-site parking area.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    1439 Henderson Ave, Des Moines, IA 50316

    $339,900
    3,510 sqft

    Fully occupied apartment property with two-bedroom units, off-street parking, and access to downtown amenities and major roadways.

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    36-Unit Apartment Building
    36-Unit Apartment Building

    1201 East Bell Avenue, Des Moines, IA 50315

    $2,146,697
    25,323 sqft

    The 1997 property offers a varied mix of one-, two-, and three-bedroom residences.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    1072 27th St, Des Moines, IA 50311

    $270,000
    2,769 sqft

    Six-unit multifamily property with one residence under renovation and the remaining units occupied.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    1195 Northwest Aurora Avenue, Des Moines, IA 50313

    $672,043
    15,844 sqft

    Multifamily property with consistent two-bedroom, one-bath unit layouts.

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    Des Moines Apartment Community
    Des Moines Apartment Community

    2519 Clarkson Avenue, Des Moines, IA 50310

    $2,069,892
    27,360 sqft

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

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    Small Multifamily Investment
    Small Multifamily Investment

    2303 Carpenter Ave, Des Moines, IA 50311

    $225,000
    2,734 sqft

    Five-unit multifamily property located just blocks from Drake University.

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    Apartment Building With Historic Character
    Apartment Building With Historic Character

    612 29th St, Des Moines, IA 50312

    $370,000
    3,670 sqft

    Multifamily asset near walkable retail, dining, coffee, shopping, and downtown amenities.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    2600 Cottage Grove Ave, Des Moines, IA 50311

    $565,000
    4,320 sqft

    Six one-bedroom residences share basement laundry and storage, with refreshed interiors and outdoor yard areas.

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    7-Unit Apartment Building
    7-Unit Apartment Building

    1800 9th Street, Des Moines, IA 50314

    $307,219
    18,005 sqft

    One-bedroom units include shared laundry and landlord-paid heat, water, sewer, trash, and common-area utilities.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    3274 E. EUCLID AVE., Des Moines, IA 50317

    Contact for pricing
    5,568 sqft

    Updated interiors and individual exterior entrances serve all eight units.

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

    920 Meadow Lane, Des Moines, IA 50315

    $5,500,000
    6.86 AC lot

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

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    Renovated 12-Unit Multifamily Property
    Renovated 12-Unit Multifamily Property

    2411 WELBECK RD, Des Moines, IA 50310

    Contact for pricing
    8,784 sqft

    Twelve fully renovated 2-bedroom units are offered with residential utility bill-back in place.

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    Remodeled 24-Unit Apartment Building
    Remodeled 24-Unit Apartment Building

    4221 SE 13th Street, Des Moines, IA 50315

    Contact for pricing
    14,256 sqft 0.65 AC lot

    Three-story walk-up with 24 one-bedroom units, individually metered electric, and on-site surface parking.

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    Des Moines, IA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Des Moines, IA, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 353,991 square feet of properties for sale, with an estimated market value of $21,807,751.

    Sale prices for apartment complexes in Des Moines, IA start at $185,000, averaging $908,656, and reaching up to $5,500,000 — 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
    50311 $262.9K
    50316 $339.9K
    50312 $370K
    50317 $395K
    50314 $557.8K

    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)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Polk County

    Residential Income

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Des Moines, IA

    • 50311
    • 50310
    • 50314
    • 50313
    • 50315
    • 50309
    • 50317
    • 50312
    • 50316
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