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Des Moines, IA Apartment Buildings for Sale

13 results
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Income-Producing Multi-Family Property
$275,000
4,233 SF

Income-Producing Multi-Family Property

717 Franklin Ave, Des Moines, IA 50314

Six-unit property with rental income and potential for increases.

  • Income‑producing property with $3850/mo total rents.
  • Six rented units.
  • Room for rent increases.
  • Large parking lot.
  • Large basement for landlord storage.
Updated: Jan 5
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Revitalization Opportunity Near Drake University
Pending
$250,000
3,067 SF

Revitalization Opportunity Near Drake University

3101 Cottage Grove Ave, Des Moines, IA 50311

Seven-unit building suitable for conversion or multifamily use.

  • 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.
  • Significant value growth potential due to historic preservation efforts and new local businesses.
  • Ideal for a top‑tier single‑family redesign.
Updated: Nov 24, 2025
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Des Moines Multifamily Opportunity
$225,000
2,734 SF

Des Moines Multifamily Opportunity

Multifamily property in Des Moines, Iowa for sale.

2303 Carpenter Ave, Des Moines, IA 50311
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Sherman Hill Remodeled Multi-Unit Property
$2,150,000
12,392 SF

Sherman Hill Remodeled Multi-Unit Property

Remodeled 17-unit property in historic Sherman Hill neighborhood.

702 20Th St, Des Moines, IA 50314
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Des Moines Multifamily Investment Property
$180,000
2,709 SF

Des Moines Multifamily Investment Property

Fully rented multifamily property in Des Moines, Iowa.

1825 7Th St, Des Moines, IA 50314
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Updated Condo Near Ewing Park
$163,500
1,106 SF

Updated Condo Near Ewing Park

Condo with new carpet, appliances included, near Ewing Park.

2200 Hart Ave, Des Moines, IA 50320
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Des Moines Plaza Office Condos
$1,352,752
22,928 SF

Des Moines Plaza Office Condos

Iconic Plaza Building, 22,928 sq ft, 3 Units

300 Walnut St, Des Moines, IA 50309
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Windsor Heights Duplex Investment
$650,000
2,846 SF

Windsor Heights Duplex Investment

2-unit apartment building, excellent ROI.

1036 66 St, Windsor Heights, IA 50324
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Merle Hay Tower: Redevelopment Opportunity
$1,600,000
67,325 SF

Merle Hay Tower: Redevelopment Opportunity

Des Moines, IA: Adaptive Reuse Project

3850 Merle Hay Rd, Des Moines, IA 50310
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Windsor Terrace Apartments: Des Moines
Contact for pricing
119,039 SF

Windsor Terrace Apartments: Des Moines

136-unit apartment building, prime location

3333 Grand Ave, Des Moines, IA 50312
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1033-1035 67 St
$650,000
2,846 SF

1033-1035 67 St

Multifamily properties • 2,846 SF

1033-1035 67 St, Windsor Heights, IA 50324
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Mixed-Use Property Near Downtown
$750,000
8,880 SF

Mixed-Use Property Near Downtown

8,880 SF property with apartments and commercial space.

2701 Hubbell Ave, Des Moines, IA 50317
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Mixed-Use Building with Income Potential
$299,000
3,000 SF

Mixed-Use Building with Income Potential

Well-maintained mixed-use building with apartments and office units.

3810 38Th St, Des Moines, IA 50310
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Based on your search, we've compiled 261 Potential Opportunities for your consideration. Besides 13 Active listings in Des Moines, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 244 Off-Market properties to explore as potential leads

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

New Townhome with Modern Amenities
$254,990

New Townhome with Modern Amenities

Spacious 3-bedroom townhome near Radiant Elementary and Acadia Park.

17021 Persimmon Ln, Urbandale, IA 50323
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New Townhome in Mallard Prairie
$239,990

New Townhome in Mallard Prairie

Spacious 3-bedroom townhome with modern smart home technology.

4752 171 St, Urbandale, IA 50323
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West Des Moines 12-Plex Apartment
$1,350,000
10,143 SF

West Des Moines 12-Plex Apartment

Three-story, 12-unit apartment building in West Des Moines, Iowa.

800 13Th St, West Des Moines, IA 50265
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Veterans Business Park Land
Contact for pricing
116.81 Acres

Veterans Business Park Land

116 Acres, West Des Moines, IA

765 Willow Creek Dr, West Des Moines, IA 50265
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Explore 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.

5136 Ingersoll Ave

5136 Ingersoll Ave

Multifamily properties • 3,315 SF
Value Estimation by Request
5136 Ingersoll Ave, Des Moines, IA 50312
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3612 Ingersoll Ave

3612 Ingersoll Ave

Multifamily properties • 10,653 SF
Value Estimation by Request
3612 Ingersoll Ave, Des Moines, IA 50312
View details
1800 9Th St

1800 9Th St

Multifamily properties
Value Estimation by Request
1800 9Th St, Des Moines, IA 50314
View details
3333 Grand Ave

3333 Grand Ave

Multifamily properties • 119,039 SF
Value Estimation by Request
3333 Grand Ave, Des Moines, IA 50312
View details
5201 9Th St

5201 9Th St

Multifamily properties • 59,400 SF
Value Estimation by Request
5201 9Th St, Des Moines, IA 50315
View details
2525 Lincoln Ave

2525 Lincoln Ave

Multifamily properties
Value Estimation by Request
2525 Lincoln Ave, Des Moines, IA 50310
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4221 13Th St

4221 13Th St

Multifamily properties • 14,256 SF
Value Estimation by Request
4221 13Th St, Des Moines, IA 50315
View details
4001 University Ave

4001 University Ave

Multifamily properties • 5,686 SF
Value Estimation by Request
4001 University Ave, Des Moines, IA 50317
View details
1427 5Th Ave

1427 5Th Ave

Multifamily properties • 6,360 SF
Value Estimation by Request
1427 5Th Ave, Des Moines, IA 50314
View details
2519 Clarkson Ave

2519 Clarkson Ave

Multifamily properties • 27,360 SF
Value Estimation by Request
2519 Clarkson Ave, Des Moines, IA 50310
View details
3103 Grand Ave

3103 Grand Ave

Multifamily properties • 1.22 Acres
Value Estimation by Request
3103 Grand Ave, Des Moines, IA 50312
View details

Des Moines, IA Apartment Buildings Investment Opportunities Market Analysis

Explore 257 apartment buildings for sale in Des Moines, IA, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 8,452,550 square feet of properties for sale, with an estimated market value of $276,265,000.

Prices for two-family homes in Des Moines, IA start at $125,000, averaging $1,866,655, and reaching up to $26,330,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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