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    2303 Carpenter Ave Des Moines, IA 50311

    For Sale
    $235,000

    MULTI_FAMILY - Other - Des Moines, IA

    Property size:
    2,734 SF
    Lot size:
    0.15 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 2303 Carpenter Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Basement, Bedroom 1
    Bedrooms
    1
    APN
    08006842000000
    Size
    2,734 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1907
    Floors in Building
    2
    Number of units
    5
    Building materials
    Frame
    Architectural style
    Other

    RE/MAX Concepts (515) 276-2872 [email protected]

    Listing agent Mike Reagan (515) 276-2872

    Listing date Oct 27, 2025

    MLS# 729166 Listing URL

    Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Des Moines Multifamily Opportunity

    This multifamily property is located in Des Moines, Iowa. The property is zoned R-3. It has a size of 2734 square feet and is situated on a lot of approximately 0.151 acres. This property is intended for multifamily residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.648451
    Latitude
    41.601994

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Des Moines, Iowa for sale.
    Where is this apartment building located?
    The property is located at 2303 Carpenter Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Construction: Frame; - Heating: Natural Gas, Forced Air; - Built in 1907
    (515) 276-2872
    Request Owner's contact information
    2303 Carpenter Ave Des Moines, IA 50311
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    Des Moines, IA 50311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2303 Carpenter Ave Des Moines, IA 50311
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