47-Unit Apartment
3830 6th Avenue, Des Moines, IA 50313
For Sale
$2,650,000
Two three-story buildings offer studio, one-bedroom, and two-bedroom apartments with surface parking and functional layouts.
Property Size34,550 SF
Price / SF$76.70
Days on Market53
Property Features for 3830 6th Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Average Monthly Rent
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Buildings
Listed By:
Cy Fox
(515) 415-6109
Source:
Cbre
Added: Sep 16
Changed: Oct 27
Last Checked: Nov 6 at 5:46AM
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 Cy Fox
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Investment Insights
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Northtown Apartments comprises two three-story buildings constructed in 1967 and 1969, with 47 apartments totaling 34,550 square feet. The unit mix includes 2 studios, 18 one-bedroom/one-bath units, and 27 two-bedroom/one-bath units. Apartments have functional floor plans and traditional finishes, while surface parking serves the property. Occupancy is 96%, and the property carries an 8.28% cap rate.
The asset is positioned along 6th Avenue in Des Moines, directly north of Highland Park and near locally operated restaurants, bars, and coffee shops. The surrounding corridor includes ChaCha’s Bakery, Lachele’s Fine Foods, and The Slow Down Coffee Co., with the property located near the broader Highland Park area and its neighborhood retail and dining offerings.
Interior improvements may be implemented selectively across the existing apartment inventory while retaining the current mix and affordability-oriented configuration.
The asset is positioned along 6th Avenue in Des Moines, directly north of Highland Park and near locally operated restaurants, bars, and coffee shops. The surrounding corridor includes ChaCha’s Bakery, Lachele’s Fine Foods, and The Slow Down Coffee Co., with the property located near the broader Highland Park area and its neighborhood retail and dining offerings.
Interior improvements may be implemented selectively across the existing apartment inventory while retaining the current mix and affordability-oriented configuration.
Key Highlights
- 47 apartments across two three‑story buildings
- 34,550 square feet constructed in 1967 and 1969
- Unit mix: 2 studios, 18 1BR/1BA, and 27 2BR/1BA
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Lease Details
47
Residential units
96%
Occupancy
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
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Business Placement
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
$161,800
Median Home Value
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Average Price Trend$/SF for Apartment buildings in Des Moines, IA
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Two three-story buildings offer studio, one-bedroom, and two-bedroom apartments with surface parking and functional layouts.
Where is this apartment building located?
The property is located at 3830 6th Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 47 apartments across two three‑story buildings; 34,550 square feet constructed in 1967 and 1969; Unit mix: 2 studios, 18 1BR/1BA, and 27 2BR/1BA
