66-Unit Apartment
For Sale
Contact for pricing
2221 Stanton Ave, Des Moines, IA 50321
Five-building multifamily property with renovated common areas, upgraded building systems, garages, and surface parking.
Property SizeContact for details
Lot Size3.90 Acres
Days on Market144
Property Features for 2221 Stanton Ave
General Information
Standard status
Active
Net Rentable
63,744 SF
Lot size
3.90 Acres
Property subtype
Multifamily, Retail
Units
Unit Mix
12 x 1BR/1BA, 54 x 2BR/2BA
Multifamily Units
66
Amenities
courtyard/play area
security cameras
Building Details
Buildings
5
Listing Agency:
Marcus & Millichap - Encino
(818) 357-9525
Listed By:
Filip Niculete · License #CA 01905352
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 8:19PM
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 Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
This multifamily property includes 66 units across five buildings on 3.9 acres, with 63,744 square feet of rentable area. Four buildings contain 12 units each, while the third building contains 18 units. The unit mix includes 12 one-bedroom, one-bath apartments and 54 two-bedroom, two-bath apartments, with an average unit size of 965 SF. One building is being fully rebuilt with upgraded finishes, while 17 additional units are undergoing or have completed rehabilitation. More than 20 units have been prepared for leasing, and 10 have been fully gutted for new construction within the existing buildings.
Property improvements include 13 garages, surface parking, resurfaced pavement, rebuilt decks meeting 2019 code standards, and new garage doors and hardware. All buildings and garages have energy-efficient roofs backed by a 20-year warranty. Hallways feature fresh paint and new carpeting, while four new A/C units and three new furnaces have been installed. A perimeter fence and eight security cameras serve the property, and the former pool area has been converted into a courtyard and play area.
Property improvements include 13 garages, surface parking, resurfaced pavement, rebuilt decks meeting 2019 code standards, and new garage doors and hardware. All buildings and garages have energy-efficient roofs backed by a 20-year warranty. Hallways feature fresh paint and new carpeting, while four new A/C units and three new furnaces have been installed. A perimeter fence and eight security cameras serve the property, and the former pool area has been converted into a courtyard and play area.
Key Highlights
- 66 units across 5 buildings on 3.9 acres
- 63,744 square feet of rentable area with 965 SF average unit size
- Unit mix includes 12 1 Bed/1 Bath and 54 2 Bed/2 Bath units
Property Analytics
Property Profile
Current Use
Lease Details
66
Residential units
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 50321, IA
7,783
Population
3,689
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
94%
High-School Grad
11.3 sq mi
ZIP Area
689
Density / Sq Mi
$77,636
Median Household Income
$42,176
Median Earnings
$1,098
Median Rent
$294,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-building multifamily property with renovated common areas, upgraded building systems, garages, and surface parking.
Where is this apartment building located?
The property is located at 2221 Stanton Ave Des Moines, IA.
What are key features of this property?
This property features: 66 units across 5 buildings on 3.9 acres; 63,744 square feet of rentable area with 965 SF average unit size; Unit mix includes 12 1 Bed/1 Bath and 54 2 Bed/2 Bath units
