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Four-Unit Quadplex Near Campus
For Sale
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1358 22nd Street, Des Moines, IA 50311

Older multifamily property with separate apartments and renovation needs near Drake University.

Property Size2,009 SF
Price / SF$59.73
Days on Market183

Property Features for 1358 22nd Street

General Information

Standard status Active
Size 2,009 SF
Property subtype Mixed Use

Property Condition

Severity Repairs Needed
Evidence does need some TLC

Additional Details

Public Transit Yes
Multifamily Units 4

Building Details

Year Built 1897
Listing Agency: NEXT GENERATION REALTY, INC.
Listed By: Brad Kline
Source: Crexi
Added: Mar 2 Changed: Aug 31 Last Checked: Aug 30 at 11:24PM

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 NEXT GENERATION REALTY, INC.

Investment Insights

Based on property information with market context.

This quadplex contains four separate apartment units totaling 2,009 square feet of living space. Built in 1897, the property requires updates and presents a renovation-focused multifamily project for an owner seeking to improve the existing asset. The unit configuration supports student housing, long-term rentals, or a combination of both, as described for the property.

The building is located at 1358 22nd Street in Des Moines, minutes from Drake University and near shopping, dining, and public transportation. Its proximity to campus and surrounding services provides a practical setting for multiple residential leasing uses. The property is offered for sale.

Key Highlights

  • Four separate apartment units in one quadplex
  • 2,009 square feet of total living space
  • Built in 1897

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Dental Office 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

4
Residential units

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?
Quadplex - Older multifamily property with separate apartments and renovation needs near Drake University.
Where is this quadplex located?
The property is located at 1358 22nd Street Des Moines, IA.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Four separate apartment units in one quadplex; 2,009 square feet of total living space; Built in 1897
(515) 554-3484 Call to check price and availability
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