Search
4-Unit Quadplex with Central Air
For Sale
$430,000

1372 E 12th St, Des Moines, IA 50316

Four three-bedroom apartments include vacant lower-level units and occupied upper-level units under month-to-month leases.

Property Size9,700 SF
Price / SF$44.33
Days on Market46

Property Features for 1372 E 12th St

General Information

Standard status Active
Size 9,700 SF
Property subtype Multi-Family

Units

Unit Mix 4 x 3BR
Multifamily Units 4

Building Details

Year Built 1907
Listing Agency: Keller Williams Ankeny Metro
Listed By: Home Sweet Des Moines
Source: Homesweetdesmoines
Added: Jul 14 Changed: Aug 28 Last Checked: Aug 28 at 10:17AM

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 Keller Williams Ankeny Metro

Investment Insights

Based on property information with market context.

Built in 1907, this quadplex contains four three-bedroom apartments within a 9,700-square-foot building. The two first-floor units are vacant and feature three bedrooms, two bathrooms, and central air. The two second-floor apartments are occupied under month-to-month leasing agreements.

The City of Des Moines has approved a rental certificate for the two occupied apartments. The property is located at 1372 E 12th St in Des Moines, Iowa, providing a four-unit residential income configuration with a mix of vacant and occupied units.

Key Highlights

  • Four three‑bedroom apartments in a 9,700‑square‑foot building
  • Two first‑floor units are vacant and include 3 bedrooms, 2 bathrooms, and central air
  • Two second‑floor apartments are occupied under month‑to‑month leasing agreements

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Accounting Firm Plumbing Service Skin Care Clinic Locksmith

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

848
Businesses Nearby

Demographics for 50316, IA

16,785
Population
6,002
Households
2.8
Avg Household Size
33
Median Age
13%
College-Educated
78%
High-School Grad
3.6 sq mi
ZIP Area
4,663
Density / Sq Mi
$53,090
Median Household Income
$33,994
Median Earnings
$963
Median Rent
$137,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Quadplex - Four three-bedroom apartments include vacant lower-level units and occupied upper-level units under month-to-month leases.
Where is this quadplex located?
The property is located at 1372 E 12th St Des Moines, IA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Four three‑bedroom apartments in a 9,700‑square‑foot building; Two first‑floor units are vacant and include 3 bedrooms, 2 bathrooms, and central air; Two second‑floor apartments are occupied under month‑to‑month leasing agreements
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message