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    3101 Cottage Grove Ave Des Moines, IA 50311

    Pending
    For Sale
    $250,000

    MULTI_FAMILY - Other - Des Moines, IA

    Property size:
    3,067 SF
    Lot size:
    0.23 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 3101 Cottage Grove Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Z
    Rooms
    Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 3, Bedroom 3, Basement, Bedroom 1, Bathroom 7, Bathroom 5, Bedroom 4, Bathroom 1, Bedroom 2
    Bedrooms
    4
    Bathrooms
    7
    APN
    09004636020000
    Size
    3,067 SF
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    3
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    LPT Realty, LLC (515) 669-4010 [email protected]

    Listing agent Sarah Kavalier (877) 366-2213

    Listing date Nov 24, 2025

    MLS# 725841 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

    Revitalization Opportunity Near Drake University

    Located steps from Drake University, the property at 3101 Cottage Grove presents a transformation opportunity within a neighborhood undergoing revitalization. Currently configured as a seven-unit building, it is a candidate for conversion back to a single-family home. Situated within an InvestDSM program area, the property is eligible for grants, reimbursements, and low-interest rehab loans, along with NFC Advantage Lending benefits to offset renovation costs. Nearby historic homes have experienced value growth due to preservation efforts and new local businesses. The property is 3,067 square feet and sits on a 0.225-acre lot. City code upgrades for electrical and HVAC systems are required for continued multifamily use; these same improvements could support a single-family redesign. The property is zoned Z. The property is sold as is, and the buyer is responsible for verifying all incentives and requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    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
    -93.659636
    Latitude
    41.598746

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit building suitable for conversion or multifamily use.
    Where is this apartment building located?
    The property is located at 3101 Cottage Grove Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prime location steps from Drake University in a revitalizing neighborhood.; - Eligible for InvestDSM grants, reimbursements, and low-interest rehab loans, plus NFC Advantage Lending benefits.; - Opportunity to convert a 7-unit building back to a stately single-family home.
    (877) 366-2213
    Request Owner's contact information
    3101 Cottage Grove Ave 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
    3101 Cottage Grove Ave Des Moines, IA 50311
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