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Des Moines Multifamily Residential Property
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612 Bancroft Street, Des Moines, IA 50315

Multifamily property near parks and Des Moines attractions.

Property SizeContact for details
Days on Market152

Property Features for 612 Bancroft Street

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: CBRE - Des Moines
Listed By: David Eckley · License #S65549000
Source: Cbre
Added: Mar 25 Changed: Jul 6 Last Checked: Aug 22 at 8:41AM

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 CBRE - Des Moines

Investment Insights

Based on property information with market context.

Located three miles south of Downtown Des Moines, this multifamily residential property offers a tranquil setting. The surrounding neighborhood is primarily residential, characterized by apartments, townhomes, and houses along tree-lined streets. The property is situated near MacRae Park, Gray’s Lake Park, Water Works Park, Ewing Park, and Southridge Mall. Blank Park Zoo, Pappajohn Sculpture Park, and Wells Fargo Arena are also within close proximity. Commuting and traveling are facilitated by access to U.S. 69 and Des Moines International Airport. The construction is wood frame with brick exterior materials and a shingle roof. Heating is provided by two forced air units and two electric units. Cooling is provided by sleeve A/C units. Hot water is supplied by a common hot water heater. On-site surface and street parking are available. Laundry is not available.

Key Highlights

  • Close proximity to numerous popular parks including MacRae Park and Gray’s Lake Park.
  • Convenient access to U.S. 69 and Des Moines International Airport.
  • Located just three miles south of Downtown Des Moines, offering a tranquil residential environment.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Auto Parts Store (Bike/Boat/Book/etc) Store Spa & Massage Center Furniture & Home Goods Garden 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.

Location Intelligence

Trade Area within ½ mile

381
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property near parks and Des Moines attractions.
Where is this multifamily property located?
The property is located at 612 Bancroft Street Des Moines, IA.
What are key features of this property?
This property features: Close proximity to numerous popular parks including MacRae Park and Gray’s Lake Park.; Convenient access to U.S. 69 and Des Moines International Airport.; Located just three miles south of Downtown Des Moines, offering a tranquil residential environment.
More about this property
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