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    717 Franklin Ave Des Moines, IA 50314

    For Sale
    $275,000

    MULTI_FAMILY - Other - Des Moines, IA

    Property size:
    4,233 SF
    Lot size:
    0.30 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 717 Franklin Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1-60
    Rooms
    Bedroom 2, Bedroom 4, Basement, Bedroom 10, Bedroom 9, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 3, Bedroom 11, Bedroom 5
    Bedrooms
    11
    APN
    08007891001000
    Interior features
    WindowTreatments
    Appliances
    Refrigerator, Stove
    Size
    4,233 SF
    Lot size
    0.30 Acres

    Utilities

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

    Building Details

    Year built
    1901
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood
    Building materials
    Stucco
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Keller Williams Ankeny Metro (515) 965-9100 [email protected]

    Listing agent Abby Hausmann-Virgil (515) 965-9100

    Listing date Nov 9, 2025

    MLS# 727975 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

    Income-Producing Multi-Family Property

    This income-producing multi-family property features six units, all of which are currently rented. The total monthly rental income is $3850. The property offers potential for rent increases. It includes a large basement suitable for landlord storage and a huge parking lot. The property is located in Des Moines, Iowa. The lot size is 0.303 acres. The building size is 4233 square feet. The zoning is R1-60.
    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
    -93.627875
    Latitude
    41.611541

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    FAQs

    What type of property is this?
    Apartment building - Six-unit property with rental income and potential for increases.
    Where is this apartment building located?
    The property is located at 717 Franklin Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Income-producing property with $3850/mo total rents.; - Six rented units.; - Room for rent increases.
    (515) 965-9100
    Request Owner's contact information
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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
    717 Franklin Ave Des Moines, IA 50314
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