Building Details

Year Built 1907

Tenancy Multi

Listing Agency: RE/MAX Concepts

Listed By: Mike Reagan · License #5084 Show Phone

Source: Kwlegacyrealty

Added: Jul 19 Changed: Oct 21 Last Checked: Oct 21 at 1:17AM

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Investment Insights

Based on property information with market context.

This for-sale multifamily property features 5 distinct units within an apartment building configuration. It is being offered as a residential income property with multiple revenue streams.

The property is located at 2303 Carpenter Ave in Des Moines, IA, just blocks from the Drake University campus.

With a total property size of 2,734 square feet, the building is positioned for investors seeking smaller-scale residential rental exposure.

Key Highlights

• Five‑unit multifamily property
• Located just blocks from Drake University in Des Moines
• Year built: 1907

Property Analytics

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Open Analytics

Lease Details

5

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

600

Businesses Nearby

Explore this area Business Placement

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 - Five-unit multifamily property located just blocks from Drake University.

Where is this apartment building located?

The property is located at 2303 Carpenter Ave Des Moines, IA.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Five‑unit multifamily property; Located just blocks from Drake University in Des Moines; Year built: 1907