7-Unit Apartment
For Sale
Contact for pricing
3103 Grand Avenue, Des Moines, IA 50312
Colonial Arms Apartments is a fully occupied 7-unit building with one-, two-, and three-bedroom units.
Property SizeContact for details
Lot Size0.53 Acres
Days on Market107
Property Features for 3103 Grand Avenue
General Information
Standard status
Active
Class
B
Lot size
0.53 Acres
Property subtype
Multifamily
Zoning
NX3
Occupancy
100%
Additional Details
Multifamily Units
7
Building Details
Year Built
1913
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
Hunziker & Associates Inc Realtors Ames
Listed By:
Brian K Spraggins · License #S69347000
Source:
Crexi
Added: Apr 28
Changed: Aug 8
Last Checked: Aug 11 at 8:10AM
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 Hunziker & Associates Inc Realtors Ames
Investment Insights
Based on property information with market context.
Colonial Arms Apartments is a 7-unit apartment building built in 1913. The unit mix includes five one-bedroom units, one two-bedroom unit, and one three-bedroom unit. The property is currently 100% occupied and sits on 0.533 acres.
The building is zoned NX3 and provides parking at a ratio of 2.83 spaces per 1,000 square feet.
For sale as a residential income property, it offers a straightforward, established multi-unit configuration with a consistent mix of bedroom counts.
The building is zoned NX3 and provides parking at a ratio of 2.83 spaces per 1,000 square feet.
For sale as a residential income property, it offers a straightforward, established multi-unit configuration with a consistent mix of bedroom counts.
Key Highlights
- Fully occupied 7‑unit apartment building at 3103 Grand Ave, Des Moines, IA
- Unit mix includes 5 one‑bedroom, 1 two‑bedroom, and 1 three‑bedroom unit
- Built in 1913 on 0.533 acres
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Explore this area
Business Placement
Demographics for 50312, IA
15,485
Population
8,285
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
98%
High-School Grad
5.6 sq mi
ZIP Area
2,765
Density / Sq Mi
$82,720
Median Household Income
$54,862
Median Earnings
$1,057
Median Rent
$274,400
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 - Colonial Arms Apartments is a fully occupied 7-unit building with one-, two-, and three-bedroom units.
Where is this apartment building located?
The property is located at 3103 Grand Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Fully occupied 7‑unit apartment building at 3103 Grand Ave, Des Moines, IA; Unit mix includes 5 one‑bedroom, 1 two‑bedroom, and 1 three‑bedroom unit; Built in 1913 on 0.533 acres
