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36-Unit Apartment Building
For Sale
$2,146,697

1201 East Bell Avenue, Des Moines, IA 50315

The 1997 property offers a varied mix of one-, two-, and three-bedroom residences.

Property Size25,323 SF
Price / SF$84.77
Days on Market91

Property Features for 1201 East Bell Avenue

General Information

Standard status Active
Size 25,323 SF
Property subtype Multifamily

Units

Unit Mix 9-1BR/1BA, 18-2BR/1BA, 3-3BR/1BA, 6-3BR/2BA
Multifamily Units 36

Building Details

Year Built 1997
Listing Agency:
Listed By: Ray Hamilton
Source: Cbre
Added: Jun 2 Changed: Aug 30 Last Checked: Aug 30 at 6:40PM

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

Investment Insights

Based on property information with market context.

This apartment property was built in 1997 and contains 36 residential units. The unit mix includes 9 one-bedroom, one-bath residences; 18 two-bedroom, one-bath residences; 3 three-bedroom, one-bath residences; and 6 three-bedroom, two-bath residences.

The property is located at 1201 East Bell Avenue in Des Moines, Iowa, within the 50315 ZIP code. Its range of bedroom and bathroom configurations supports a diversified residential layout within a single apartment community.

Key Highlights

  • 36 total apartment units
  • Unit mix includes 9 1BR/1BA and 18 2BR/1BA residences
  • Three‑bedroom inventory includes 3 3BR/1BA and 6 3BR/2BA units

Property Analytics

Current Use

Bell Avenue Apartment ... Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Building Supply Spa & Massage Center

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

36
Residential units

Location Intelligence

Trade Area within ½ mile

388
Businesses Nearby

Demographics for 50315, IA

36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - The 1997 property offers a varied mix of one-, two-, and three-bedroom residences.
Where is this apartment building located?
The property is located at 1201 East Bell Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $2,146,697.
What are key features of this property?
This property features: 36 total apartment units; Unit mix includes 9 1BR/1BA and 18 2BR/1BA residences; Three‑bedroom inventory includes 3 3BR/1BA and 6 3BR/2BA units
More about this property
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