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11-Unit Apartment Building
For Sale
$775,000

4671 Northwest 50th Street, Des Moines, IA 50310

Well-kept 11-unit apartment building built in 1969 and renovated in 2025 with individual heating and central A/C.

Property SizeContact for details
Days on Market109

Property Features for 4671 Northwest 50th Street

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 11

Building Details

Year Built 1969
Year Renovated 2025
Listing Agency: CBRE - Des Moines
Listed By: Ray Hamilton · License #S66838000
Source: Cbre
Added: May 8 Changed: Aug 23 Last Checked: Aug 22 at 6:15AM

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.

This 11-unit apartment building was built in 1969 and renovated in 2025. The property features an all 1BR/1BA unit mix. Each unit has individual furnace heating and individual water heaters, with central A/C for cooling.

The building includes surface parking for residents and guests.

For prospective buyers and brokers, the unit composition is straightforward with all one-bedroom layouts, and the recent renovation and in-unit mechanical setup support a low-friction operating profile.

Key Highlights

  • 11‑unit apartment building built in 1969 and renovated in 2025
  • All 1BR/1BA unit mix
  • Avg. in‑place rents of $805

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Nail Salon Spa & Massage Center Electrical Service

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

11
Residential units

Location Intelligence

Trade Area within ½ mile

338
Businesses Nearby

Demographics for 50310, IA

30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
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 - Well-kept 11-unit apartment building built in 1969 and renovated in 2025 with individual heating and central A/C.
Where is this apartment building located?
The property is located at 4671 Northwest 50th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 11‑unit apartment building built in 1969 and renovated in 2025; All 1BR/1BA unit mix; Avg. in‑place rents of $805
More about this property
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