Small Multifamily
For Sale
$225,000
2303 Carpenter Ave, Des Moines, IA 50311
Five-unit multifamily property located just blocks from Drake University.
Property Size2,734 SF
Price / SF$82.30
Days on Market43
Property Features for 2303 Carpenter Ave
General Information
Standard status
Active
Size
2,734 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Building Details
Year Built
1907
Tenancy
Multi
Listing Agency:
RE/MAX Concepts
(515) 577-8142
Listed By:
Mike Reagan · License #5084
Source:
Kwlegacyrealty
Added: Jul 19
Changed: Jul 20
Last Checked: Aug 29 at 12:20PM
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 RE/MAX Concepts
Investment Insights
Based on property information with market context.
This for-sale multifamily property features 5 distinct units within an apartment building configuration. It is being offered as a residential income property with multiple revenue streams.
The property is located at 2303 Carpenter Ave in Des Moines, IA, just blocks from the Drake University campus.
With a total property size of 2,734 square feet, the building is positioned for investors seeking smaller-scale residential rental exposure.
The property is located at 2303 Carpenter Ave in Des Moines, IA, just blocks from the Drake University campus.
With a total property size of 2,734 square feet, the building is positioned for investors seeking smaller-scale residential rental exposure.
Key Highlights
- Five‑unit multifamily property
- Located just blocks from Drake University in Des Moines
- Year built: 1907
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 50311, IA
14,782
Population
7,180
Households
2.1
Avg Household Size
30
Median Age
41%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,685
Density / Sq Mi
$63,233
Median Household Income
$35,086
Median Earnings
$1,019
Median Rent
$228,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property located just blocks from Drake University.
Where is this apartment building located?
The property is located at 2303 Carpenter Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Five‑unit multifamily property; Located just blocks from Drake University in Des Moines; Year built: 1907
