Building Details

Year Built 1972

Listed By: Ray Hamilton Show Phone

Source: Cbre

Added: Jun 2 Changed: Oct 9 Last Checked: Oct 14 at 10:03PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ray Hamilton

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Investment Insights

Based on property information with market context.

This multifamily property contains 12 apartment units, each configured with two bedrooms and one bathroom. The building was constructed in 1972 and provides 15,844 square feet of apartment space.

Located at 1195 Northwest Aurora Avenue in Des Moines, Iowa, the property offers an established apartment-building configuration with uniform unit layouts. The reported capitalization rate is 7.83%.

Key Highlights

• 12 apartment units
• All units feature a two‑bedroom, one‑bathroom layout
• 15,844 square feet of building area

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Restaurant Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12

Residential units

Location Intelligence

Trade Area within ½ mile

338

Businesses Nearby

Explore this area Business Placement

Demographics for 50313, IA

17,723

Population

7,674

Households

2.3

Avg Household Size

37

Median Age

16%

College-Educated

86%

High-School Grad

18.1 sq mi

ZIP Area

979

Density / Sq Mi

$64,077

Median Household Income

$36,284

Median Earnings

$1,077

Median Rent

$161,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with consistent two-bedroom, one-bath unit layouts.

Where is this apartment building located?

The property is located at 1195 Northwest Aurora Avenue Des Moines, IA.

What is the asking price?

The asking price for this property is $672,043.

What are key features of this property?

This property features: 12 apartment units; All units feature a two‑bedroom, one‑bathroom layout; 15,844 square feet of building area