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Remodeled 5-Unit Apartment Building
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1333 22nd St, Des Moines, IA 50311

Updated multi-unit property with basement laundry, a fenced yard, and off-street parking.

Property SizeContact for details
Days on Market142

Property Features for 1333 22nd St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 5

Amenities

laundry
fenced yard
off-street parking

Building Details

Year Renovated 2022
Listing Agency: Cushman & Wakefield - West Des Moines, Iowa
Listed By: Alec Wilcox, CCIM · License #IA S66705000
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 7:16PM

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 Cushman & Wakefield - West Des Moines, Iowa

Investment Insights

Based on property information with market context.

This five-unit apartment property received comprehensive updates in 2022. Improvements to the residences include kitchen cabinetry and countertops, bathrooms, flooring, appliances, fixtures, paint, and other interior finishes. Building work included replacement windows, basement wall improvements, new gutters, updated roofing, a water heater, and furnaces. Basement amenities provide laundry and dry storage.

The property is in Des Moines near Drake University and includes a fenced yard with off-street parking. All units are occupied, and residents pay their own utilities. The current one-year rental certificate, one-year leases, and security deposits transfer to the new owner. Residents also handle lawn mowing and snow removal for the complex.

Key Highlights

  • Five‑unit multifamily property with 2022 updates to every apartment
  • 2022 building improvements include windows, roofing, gutters, water heater, and furnaces
  • 100% occupied with tenants responsible for all utilities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store HVAC Service Skin Care Clinic Accounting Firm

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

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

540
Businesses Nearby

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

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 - Updated multi-unit property with basement laundry, a fenced yard, and off-street parking.
Where is this apartment building located?
The property is located at 1333 22nd St Des Moines, IA.
What are key features of this property?
This property features: Five‑unit multifamily property with 2022 updates to every apartment; 2022 building improvements include windows, roofing, gutters, water heater, and furnaces; 100% occupied with tenants responsible for all utilities
More about this property
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