2303 Carpenter Avenue Des Moines, IA 50311

2303 Carpenter Avenue, Des Moines, IA, 50311

$225,000

For Sale

$225,000

MULTI_FAMILY - Other - Des Moines, IA

Property Size2,734 SF

Lot Size0.15 Acres

Price / SF$82.30

AddedOct 27, 2025

Days on Market262

Last RefreshJul 15 at 6:06 pm

Property Features for 2303 Carpenter Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R-3
Bedrooms: 1
Rooms: Bedroom 1, Basement
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

Utilities

Heating system: Forced Air, Natural Gas

Building Details

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

Listing agent Mike Reagan License #5084

Listing office RE/MAX Concepts 661 NE Venture Dr, IA

Listing date Oct 27, 2025

MLS# 729166 Listing URL

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.

Located just blocks from the Drake University campus in Des Moines, Iowa, this multifamily property features 5 distinct units. The property offers multiple streams of revenue and a high cap rate potential within a resilient rental market. The property is zoned R-3 and has a building size of 2734 square feet. The lot size is 0.151 acres.

Key Highlights

5 distinct units
Year built: 1907
Frame construction

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