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12-Unit Apartment Building
For Sale
$900,000

3537 Hubbell Ave Des, Des Moines, IA 50317

Fully occupied property with eat-in kitchens, private balconies or porches, and convenient interstate access.

Property Size11,646 SF
Price / SF$77.28
Days on Market193

Property Features for 3537 Hubbell Ave Des

General Information

Standard status Active
Size 11,646 SF
Property subtype MultiFamily Apartments
Occupancy 100%

Property Condition

Severity Repairs Needed
Evidence with a touch of TLC, light renovation, and cleanup

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 12

Building Details

Building Size 11,646 SF
Year Built 1979
Construction garden-style
Listing Agency: Better Commercial - Remax Concepts
Listed By: Chase Keller · License #S63136000
Source: Thebrokerlist
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 5:18AM

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 Better Commercial - Remax Concepts

Investment Insights

Based on property information with market context.

This 11,646-square-foot apartment property contains 12 units and was built in 1979. Each residence is approximately 925 square feet and includes a large eat-in kitchen plus a private balcony or porch; most units also have spacious walk-in closets. The property is currently 100% occupied and is situated among mature timber.

The building sits near the intersection of Hubbell Ave and Euclid Ave in Des Moines. Interstate 235 is approximately 4 minutes away, while Interstate 80 and Interstate 35 are about 7 minutes away by car. Downtown Des Moines is also approximately 7 minutes from the property, with access to the Ankeny and Altoona areas.

Key Highlights

  • 11,646 SF apartment property with 12 units
  • Built in 1979
  • Each unit is approximately 925 square feet

Property Analytics

Current Use

Milleo Dance Company Theater & Performing Art Venue Tit For Tat Daycare Daycare Center Grandview Acres Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Big Box & Wholesale Store

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

12
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

192
Businesses Nearby

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

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 - Fully occupied property with eat-in kitchens, private balconies or porches, and convenient interstate access.
Where is this apartment building located?
The property is located at 3537 Hubbell Ave Des Des Moines, IA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 11,646 SF apartment property with 12 units; Built in 1979; Each unit is approximately 925 square feet
More about this property
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