Des Moines, IA Apartment Buildings for Sale

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Kingman Neighborhood Multifamily Investment Opportunity

$385,000

3,367 SF

Kingman Neighborhood Multifamily Investment Opportunity

2931 Kingman Boulevard, Des Moines, IA 50311

Five-unit property with off-street parking and potential rental income.

Rare 5‑unit investment property in the highly desirable Kingman neighborhood of Des Moines.
Assigned off‑street parking for each unit.
Detached car garage for potential rental income.
Units have been updated with 200 amp service metered to each unit.
Recent updates include fresh paint, carpet, and refinished hardwood flooring.

Updated: May 7

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$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

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Turnkey Multifamily in Waterbury Neighborhood

$596,000

4,025 SF

Turnkey Multifamily in Waterbury Neighborhood

Multifamily property with five units and remodeled owner's apartment.

543 53rd Street, Des Moines, IA 50312

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$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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Sherman Hill Multifamily Investment Opportunity

$375,000

3,174 SF

Sherman Hill Multifamily Investment Opportunity

Seven-unit property in Des Moines' historic Sherman Hill neighborhood.

732 19th Street, Des Moines, IA 50314

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$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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Highland Park 7-Unit Multifamily Property

$289,900

3,306 SF

Highland Park 7-Unit Multifamily Property

Turnkey investment property in Des Moines' Highland Park neighborhood.

3419 1st Street, Des Moines, IA 50313

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Des Moines Multifamily Investment Opportunity

$169,000

2,430 SF

Des Moines Multifamily Investment Opportunity

Six-unit multifamily property near downtown Des Moines, ready for renovation.

1430 8th Street, Des Moines, IA 50314

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$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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$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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$269,000

4,233 SF

Income-Producing Multi-Family Property

Six-unit property in Des Moines with rental income.

717 Franklin Avenue, Des Moines, IA 50314

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$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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Income-Producing Multifamily Property For Sale

$275,000

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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$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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$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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$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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$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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$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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$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

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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 244 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

Value Estimation by Request

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

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2600 Kingman Blvd

APARTMENT HOUSE (5+ UNITS) • 22,828 SF

Value Estimation

$1,135,000

2600 Kingman Blvd, Des Moines, IA 50311-4161

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Des Moines, IA Apartment Buildings Investment Opportunities Market Analysis

Explore 266 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 $13,262,800.

Sale prices for two-family homes in Des Moines, IA start at $169,000, averaging $698,042, 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 Strategic 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	$289.9K
50314	$350.9K
50311	$435K
50312	$595.5K
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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Des Moines, IA Apartment Buildings for Sale

Kingman Neighborhood Multifamily Investment Opportunity

Five-unit property with off-street parking and potential rental income.

Grand Avenue Multifamily Investment

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

Turnkey Multifamily in Waterbury Neighborhood

Multifamily Property in Drake Area

Sherman Hill Multifamily Investment Opportunity

Sherman Hill Multifamily Investment

Highland Park 7-Unit Multifamily Property

Des Moines Multifamily Investment Opportunity

Des Moines Multi-Unit Investment

Income-Producing Multifamily Property

Multifamily Property Near Drake University

Income-Producing Multi-Family Property

Renovated Multifamily Near Drake University

Income-Producing Multifamily Property For Sale

Des Moines Multifamily Investment Opportunity

Sherman Hill Multifamily Investment

Des Moines Multifamily Investment Opportunity

Investor-Ready Six-Unit Apartment Building

Luxury Mixed-Use Community in Des Moines

Sherman Hill Multifamily Investment Opportunity

Des Moines Apartment Community

Former Office Building with Theater

Off-Market Properties in Des Moines, IA

5500 14th St

2600 Kingman Blvd

Des Moines, IA Apartment Buildings Investment Opportunities Market Analysis

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

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