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Five-Unit Victorian Apartment Building
For Sale
$190,000

3400 Ravina Drive, Des Moines, IA 50313

MultiFamily, Des Moines, IA

Property Size4,067 SF
Lot Size0.37 Acres
Price / SF$46.72
Days on Market98

Property Features for 3400 Ravina Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R1-60
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 2, Bathroom 3, Bedroom 3, Basement, Bedroom 5, Bathroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2
Parking features Garage
Elementary school district Des Moines Independent
Middle school district Des Moines Independent
High school district Des Moines Independent
Directions Euclid Ave to 11th St. South on 11th St which turns into Ravina Dr. to home.
Subdivision Des Moines N.West
Special listing conditions In Foreclosure
Standard status Active
APN 07003964000000
Size 4,067 SF
Lot size 0.37 Acres

Taxes and HOA fees

Tax Description LOT 17 BLK 1 OAKLAND HEIGHTS
Tax Annual Amount 3921
Legal Description LOT 17 BLK 1 OAKLAND HEIGHTS

Utilities

Heating system Hot Water(Heating)

Building Details

Year built 1897
Floors in Building 3
Number of units 5
Building materials VinylSiding
Architectural style Other
Listing Agency: RE/MAX Concepts · RE/MAX International
Listed By: Heather Wright · License #S60534000
Added: Jun 1 Changed: Sep 2 Last Checked: Sep 6 at 6:06AM
MLS# 742038

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 five-unit apartment property occupies a converted Victorian residence built in 1897. The 4,067-square-foot building retains notable period details, including an ornate staircase, millwork, stained-glass elements, and a fireplace with its original surround. Two units have newer kitchens and flooring, while the other units require substantial renovation to walls, flooring, kitchens, and bathrooms. The property is being offered in AS IS condition.

The 0.37-acre parcel includes two attached garage spaces and two detached garage spaces. Laundry hookups are located on the main floor and in the basement, and the building has seven utility meters. R1-60 zoning and a hot-water heating system are also in place.

Key Highlights

  • Five‑unit apartment property in a converted Victorian residence
  • 4,067 square feet on 0.37 acres
  • Built in 1897 with ornate staircase, millwork, stained glass, and fireplace surround

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic multifamily property with preserved architectural features, multiple garages, and a mix of updated and unfinished units.
Where is this apartment building located?
The property is located at 3400 Ravina Drive Des Moines, IA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Five‑unit apartment property in a converted Victorian residence; 4,067 square feet on 0.37 acres; Built in 1897 with ornate staircase, millwork, stained glass, and fireplace surround
More about this property
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