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Five-Unit Victorian Apartment Building
For Sale
$210,000

3400 Ravina Dr, Des Moines, IA 50313

Historic converted residence with original architectural details, multiple utility meters, garages, and renovation needs.

Property Size4,067 SF
Lot Size0.37 Acres
Price / SF$51.64
Days on Market42

Property Features for 3400 Ravina Dr

General Information

Standard status Active
Size 4,067 SF
Total Parking Spaces 4
Lot size 0.37 Acres
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence need substantial work

Additional Details

Utilities to Site Yes
Multifamily Units 5

Amenities

laundry hookups

Building Details

Year Built 1897
Construction Victorian
Listing Agency: RE/MAX Concepts
Listed By: Heather Wright · License #S60534000
Source: Mistysoldteamiowa
Added: Jul 21 Changed: Aug 28 Last Checked: Aug 30 at 8:11PM

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 RE/MAX Concepts

Investment Insights

Based on property information with market context.

This 4,067-square-foot apartment property is housed in a converted Victorian residence on .37 acres in Des Moines’ Oak Park neighborhood. Constructed in 1897, the building retains an ornate staircase, original millwork, stained glass, and a fireplace with its surround intact.

Two of the five units feature newer kitchens and flooring, while the other units require substantial interior work involving walls, flooring, kitchens, and bathrooms. The property includes two attached garage spaces and two detached garage spaces, along with laundry hookups on both the main floor and in the basement. Seven utility meters serve the building. The property is bank-owned and offered in AS IS condition.

Key Highlights

  • Five‑unit apartment property with 4,067 sq ft on .37 acres
  • Built in 1897 with stained glass, original millwork, ornate staircase, and fireplace surround
  • Two units include newer kitchens and flooring

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Gym & Fitness Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

300
Businesses Nearby

Demographics for 50313, IA

17,723
Population
7,674
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
86%
High-School Grad
18.1 sq mi
ZIP Area
979
Density / Sq Mi
$64,077
Median Household Income
$36,284
Median Earnings
$1,077
Median Rent
$161,800
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 - Historic converted residence with original architectural details, multiple utility meters, garages, and renovation needs.
Where is this apartment building located?
The property is located at 3400 Ravina Dr Des Moines, IA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Five‑unit apartment property with 4,067 sq ft on .37 acres; Built in 1897 with stained glass, original millwork, ornate staircase, and fireplace surround; Two units include newer kitchens and flooring
More about this property
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