Renovated 7-Unit Apartment
New
For Sale
$395,000
2447 E Walnut St, Des Moines, IA 50317
Brick multifamily property with recently upgraded interiors throughout all residences.
Property Size4,530 SF
Price / SF$87.20
Days on Market3
Property Features for 2447 E Walnut St
General Information
Standard status
Active
Size
4,530 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
7
Building Details
Year Built
1915
Construction
brick
Listing Agency:
Iotis Realty, LLC
(888) 554-6847
Listed By:
Scott Leff
Source:
Kwlegacyrealty
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 7 at 2:23AM
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 Iotis Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1915, this brick apartment property contains 7 units within approximately 4,530 square feet. Each residence has recently undergone a full renovation, providing a substantially updated interior profile across the building. The asset is classified as an apartment building and is positioned for residential income use.
Located at 2447 E Walnut St in Des Moines, the property is within walking distance of Willard Elementary School and offers access to US-65 and I-235. The surrounding area includes the Iowa State Fairgrounds along with manufacturing and logistics employment centers. Known capital needs include an electrical upgrade and HVAC replacement, which should be incorporated into ownership planning.
Located at 2447 E Walnut St in Des Moines, the property is within walking distance of Willard Elementary School and offers access to US-65 and I-235. The surrounding area includes the Iowa State Fairgrounds along with manufacturing and logistics employment centers. Known capital needs include an electrical upgrade and HVAC replacement, which should be incorporated into ownership planning.
Key Highlights
- 7‑unit brick apartment building
- All 7 units recently completed full renovations
- Approximately 4,530 SF building constructed in 1915
Property Analytics
Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
Explore this area
Business Placement
Demographics for 50317, IA
37,221
Population
15,193
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
87%
High-School Grad
22.1 sq mi
ZIP Area
1,684
Density / Sq Mi
$61,569
Median Household Income
$36,641
Median Earnings
$1,079
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with recently upgraded interiors throughout all residences.
Where is this apartment building located?
The property is located at 2447 E Walnut St Des Moines, IA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 7‑unit brick apartment building; All 7 units recently completed full renovations; Approximately 4,530 SF building constructed in 1915
