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    32-Unit Multifamily Community in Ankeny, Iowa Title is generated by Realmo AI

    218 Northwest State Street, Ankeny, IA 50023

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    For Sale
    $2,500,000

    Well-maintained 32-unit apartment complex in Ankeny, Iowa.

    Type:Multifamily
    Property size:
    25,600 SF
    Price / SF:
    $97/SF
    Added:
    Mar 25, 2026
    Days on Market:
    47
    Last Refresh:
    Mar 18 at 8:37 am

    Property Features for 218 Northwest State Street

    General Information

    Standard status
    Active
    Size
    25,600 SF
    Property subtype
    Multifamily

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    Listing Contact
    Ray Hamilton

    Listing agent Ray Hamilton

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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

    HighLights

    • Located in Ankeny, Iowa, a rapidly growing suburb of Des Moines.
    • Well‑maintained 32‑unit multifamily community.
    • All units are 2‑bedroom, 1‑bath floor plans.
    • Convenient access to Ankeny Centennial High School, Prairie Ridge Sports Complex, John Deere Des Moines Works, and various retail, dining, and recreational amenities.
    • Four buildings with a total rentable area of 25,600 SF.
    • Surface parking available.

    Overview

    The Village on State Apartments is a 32-unit multifamily community located in Ankeny, Iowa. Constructed between 1971 and 1972, the property consists of four buildings. The unit mix features all 2-bedroom, 1-bath floor plans. The total rentable area is 25,600 square feet. The property is located off State Street, providing access to Ankeny Centennial High School, Prairie Ridge Sports Complex, John Deere Des Moines Works, and various retail, dining, and recreational amenities. Each building has its own boiler for heating and a common water heater. Cooling is provided by sleeve A/C units. Appliances include a fridge and stove. Laundry facilities consist of one set of washer and dryer per building, totaling four sets. Parking is surface level.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ankeny
    County
    Polk
    State
    Iowa
    Longitude
    -93.6219377
    Latitude
    41.7344715

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 32-unit apartment complex in Ankeny, Iowa.
    Where is this apartment building located?
    The property is located at 218 Northwest State Street Ankeny, IA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Located in Ankeny, Iowa, a rapidly growing suburb of Des Moines.; Well‑maintained 32‑unit multifamily community.; All units are 2‑bedroom, 1‑bath floor plans.
    More about this property
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