Value-Add Multifamily Apartment
For Sale
Contact for pricing
3710 56TH ST, Des Moines, IA 50310
29-unit apartment building offers studio through two-bedroom layouts, including a premium 2BR/2BA unit.
Property Size23,184 SF
Price / SF$86.91
Days on Market127
Property Features for 3710 56TH ST
General Information
Standard status
Active
Size
23,184 SF
Class
C
Property subtype
Multifamily
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$182,900
Additional Details
Multifamily Units
29
Building Details
Year Built
1970
Buildings
1
Stories
3
Units
29
Listing Agency:
Stanbrough Realty
Listed By:
Ross Quintero · License #S63415000
(515) 689-2612
Source:
Crexi
Added: May 4
Changed: Sep 5
Last Checked: Sep 7 at 1:05PM
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 Stanbrough Realty
Investment Insights
Based on property information with market context.
The Flats on 56th is a well-located value-add multifamily property with 29 units under one roof. The unit mix includes studio, one-bedroom, and two-bedroom apartments, highlighted by a premium 2BR/2BA unit.
The property is located at 3710 56th St in Des Moines, providing immediate access to the Merle Hay Mall corridor, a major retail and employment hub anchored by national retailers, grocery stores, and daily-needs conveniences.
For investors, the combination of in-place rental housing and a unit mix spanning studios to two-bedrooms supports a straightforward approach to improving interiors and optimizing operations.
The property is located at 3710 56th St in Des Moines, providing immediate access to the Merle Hay Mall corridor, a major retail and employment hub anchored by national retailers, grocery stores, and daily-needs conveniences.
For investors, the combination of in-place rental housing and a unit mix spanning studios to two-bedrooms supports a straightforward approach to improving interiors and optimizing operations.
Key Highlights
- 29‑unit apartment building (Flats on 56th) at 3710 56th St in the Des Moines MSA
- Year built: 1970; one‑roof multifamily asset with studio, 1‑bedroom, and 2‑bedroom layouts
- Unit mix includes a premium 2BR/2BA unit, plus additional studio and one‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
29
Residential units
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Explore this area
Business Placement
Demographics for 50310, IA
30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
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 - 29-unit apartment building offers studio through two-bedroom layouts, including a premium 2BR/2BA unit.
Where is this apartment building located?
The property is located at 3710 56TH ST Des Moines, IA.
What is the asking price?
The asking price for this property is $2,015,000.
What are key features of this property?
This property features: 29‑unit apartment building (Flats on 56th) at 3710 56th St in the Des Moines MSA; Year built: 1970; one‑roof multifamily asset with studio, 1‑bedroom, and 2‑bedroom layouts; Unit mix includes a premium 2BR/2BA unit, plus additional studio and one‑bedroom apartments
