Renovated 7-Unit Brick Apartment
For Sale
$395,000
2447 E Walnut Street, Des Moines, IA 50317
MultiFamily, Des Moines, IA
Property Size4,530 SF
Lot Size0.26 Acres
Price / SF$87.20
Days on Market31
Property Features for 2447 E Walnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-1
Bedrooms
9
Bathrooms
8
Full bathrooms
8
Rooms
Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 9, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 7, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 2, Bathroom 8, Bathroom 2
Lot features
Rectangular Lot
Elementary school district
Des Moines Independent
Middle school district
Des Moines Independent
High school district
Des Moines Independent
Directions
Take East Grand Ave to E 25th St, then south 2 blocks to property on the corner of E 25th St and Walnut St.
Subdivision
Des Moines East
Standard status
Active
APN
05001946001000
Size
4,530 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 92, 94 & 2F E & ADJ & LOT 96, BLOCK 8, GRANT PARK
Tax Annual Amount
5610
Legal Description
LOTS 92, 94 & 2F E & ADJ & LOT 96, BLOCK 8, GRANT PARK
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1915
Floors in Building
2
Building materials
Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
Iotis Realty, LLC
(888) 554-6847
Listed By:
Scott Leff
(515) 669-0923
Added: Jul 25
Changed: Aug 19
Last Checked: Aug 24 at 1:06AM
MLS# 745994
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7-unit apartment building offers 4,530 square feet across a brick structure built in 1915. All seven units have recently undergone full renovations, while the property also includes a basement, rubber roofing, forced-air heating, and natural gas service. The existing improvements include deferred capital needs involving an electrical upgrade and HVAC replacement.
The property occupies 0.259 acres at 2447 E Walnut Street in Des Moines, Iowa. Residents are within walking distance of Willard Elementary School and have access to US-65 and I-235. The surrounding area includes the Iowa State Fairgrounds, manufacturing and logistics employment, and eastside workforce households.
The property occupies 0.259 acres at 2447 E Walnut Street in Des Moines, Iowa. Residents are within walking distance of Willard Elementary School and have access to US-65 and I-235. The surrounding area includes the Iowa State Fairgrounds, manufacturing and logistics employment, and eastside workforce households.
Key Highlights
- 7‑unit apartment building with 4,530 square feet
- All 7 units recently completed full renovations
- Brick construction from 1915 with rubber roof
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
353
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven residential units combine recent renovations with access to US-65, I-235, and nearby employment centers.
Where is this apartment building located?
The property is located at 2447 E Walnut Street 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 apartment building with 4,530 square feet; All 7 units recently completed full renovations; Brick construction from 1915 with rubber roof
