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    4224 E University Ave Des Moines, IA 50317

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    For Sale
    $675,000

    Multifamily development ground zoned N3A, up to 17 units/acre.

    Property size:
    2,000 SF

    Property Features for 4224 E University Ave

    General Information

    Size
    2,000 SF

    Building Details

    Year built
    1965

    Source: Chris Fultz Agent Chris Fultz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Ground on University Ave

    This property features multifamily development ground zoned N3A, which allows for up to 17 units per acre, according to the city. Currently, a single-family residence with a tenant occupies the property. The site is located on the Far East Side of Des Moines on University Ave, with access through Mahaska Ave. Two adjacent parcels are also available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. James E. ... Dentist Boltz & Linquist Dental ... Dentist Linquist Family Dentistry: ... Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -93.5315702
    Latitude
    41.6013885

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    FAQs

    What type of property is this?
    Residential land & home lot - Multifamily development ground zoned N3A, up to 17 units/acre.
    Where is this residential land & home lot located?
    The property is located at 4224 E University Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Development ground opportunity.; - Zoned N3A for multifamily development, allowing up to 17 units per acre.; - Located on University Ave in Des Moines.
    (319) 331-3191
    Request Owner's contact information
    4224 E University Ave Des Moines, IA 50317
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    Des Moines, IA 50317
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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
    4224 E University Ave Des Moines, IA 50317
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