5-Unit Apartment
For Sale
$225,000
2303 Carpenter Avenue, Des Moines, IA 50311
MultiFamily, Des Moines, IA
Property Size2,734 SF
Lot Size0.15 Acres
Price / SF$82.30
Days on Market308
Property Features for 2303 Carpenter Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
1
Rooms
Basement, Bedroom 1
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Subdivision
Des Moines N.West
Standard status
Active
APN
08006842000000
Size
2,734 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
E 62 F LOTS 411 & 412 UNIVERSITY LAND COS 2ND ADDITION
Tax Annual Amount
291
Legal Description
E 62 F LOTS 411 & 412 UNIVERSITY LAND COS 2ND ADDITION
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
Listing Agency:
RE/MAX Concepts · RE/MAX International
(515) 276-2872
Listed By:
Mike Reagan · License #5084
(515) 577-8142
Added: Oct 27, 2025
Changed: Aug 19
Last Checked: Aug 30 at 7:06AM
MLS# 729166
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 5-unit apartment building contains 2,734 square feet on a 0.151-acre parcel. The structure dates to 1907 and uses frame construction, with natural-gas and forced-air heating. The property includes a basement and a bedroom identified as Bedroom 1.
Located at 2303 Carpenter Avenue in Des Moines, the property is positioned just blocks from Drake University. It carries R-3 zoning and is situated in Polk County, within ZIP Code 50311. The five-unit layout provides a clearly defined multifamily asset, while the documented heating systems and basement are notable physical components of the improvements.
Located at 2303 Carpenter Avenue in Des Moines, the property is positioned just blocks from Drake University. It carries R-3 zoning and is situated in Polk County, within ZIP Code 50311. The five-unit layout provides a clearly defined multifamily asset, while the documented heating systems and basement are notable physical components of the improvements.
Key Highlights
- Five distinct apartment units
- 2,734 square feet on 0.151 acres
- R‑3 zoning
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 50311, IA
14,782
Population
7,180
Households
2.1
Avg Household Size
30
Median Age
41%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,685
Density / Sq Mi
$63,233
Median Household Income
$35,086
Median Earnings
$1,019
Median Rent
$228,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Frame construction with natural-gas forced-air heating, located a short distance from Drake University.
Where is this apartment building located?
The property is located at 2303 Carpenter Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Five distinct apartment units; 2,734 square feet on 0.151 acres; R‑3 zoning
