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Apartment Studio and 1BR Building
For Sale
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3323 Ingersoll Ave, Des Moines, IA 50312

Two market-rate apartment buildings with studio and 1- and 2-bedroom units, plus an included duplex with 2- and 3-bedroom residences.

Property SizeContact for details
Days on Market142

Property Features for 3323 Ingersoll Ave

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: CBRE - Des Moines
Listed By: Linda M. Gibbs, CCIM, SIOR · License #IA B26207000
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 7:37PM

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.

Ingersoll Park Studios I includes 35 market-rate units, with a mix of studio, 1-bedroom, and 2-bedroom apartments. Ingersoll Park Studios II includes 36 market-rate units, comprised of studios and 1-bedroom units, with one unit currently used as an office that would only need a kitchen added to rent as a studio.

Also included in the sale and adjacent to the Ingersoll Park Studios is a duplex featuring one 2-bedroom unit and one 3-bedroom unit.

The properties are located along the Historic Ingersoll Corridor in Des Moines, where the City is investing in streetscape improvements. The asset’s unit renovation program and management focus support ongoing in-place operations across the combined portfolio.

Key Highlights

  • Ingersoll Park Studios I includes 35 market‑rate units: studios and 1- and 2‑bedroom apartments.
  • Ingersoll Park Studios II includes 36 market‑rate units: studios and 1‑bedroom apartments.
  • Ingersoll Park Studios II includes an office unit that only needs a kitchen to be rented as a studio.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Building Supply Auto Parts Store Electrical Service Big Box & Wholesale Store Auto Repair Shop

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

1,034
Businesses Nearby

Demographics for 50312, IA

15,485
Population
8,285
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
98%
High-School Grad
5.6 sq mi
ZIP Area
2,765
Density / Sq Mi
$82,720
Median Household Income
$54,862
Median Earnings
$1,057
Median Rent
$274,400
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 - Two market-rate apartment buildings with studio and 1- and 2-bedroom units, plus an included duplex with 2- and 3-bedroom residences.
Where is this apartment building located?
The property is located at 3323 Ingersoll Ave Des Moines, IA.
What are key features of this property?
This property features: Ingersoll Park Studios I includes 35 market‑rate units: studios and 1- and 2‑bedroom apartments.; Ingersoll Park Studios II includes 36 market‑rate units: studios and 1‑bedroom apartments.; Ingersoll Park Studios II includes an office unit that only needs a kitchen to be rented as a studio.
More about this property
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