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Des Moines Multifamily Investment Opportunity

401 Franklin Avenue Des Moines, IA 50314

401 Franklin Avenue, Des Moines, IA, 50314

$200,000

For Sale

$200,000

MULTI_FAMILY - Other - Des Moines, IA

Property Size2,381 SF

Lot Size0.19 Acres

Price / SF$83

AddedMay 7

Days on Market71

Last RefreshJul 16 at 2:06 pm

Property Features for 401 Franklin Avenue

General Information

Property type: Residential Multi Family
Property subtype: Duplex
Zoning: RES
Bedrooms: 5
Bathrooms: 3
Rooms: Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Basement, Bathroom 2
Appliances: Cooktop, Refrigerator
Standard status: Active
APN: 08000150001000
Size: 2,381 SF
Lot size: 0.19 Acres

Taxes and HOA fees

Tax Description: -EX N 6F- E 2F W 1/2 LOT 11 RIVERVIEW PARK; AND ALL LOTS 11 & 12 W OF A LINE DRAWN FROM A PT 4 FT E OF NW COR LOT (complete is on assessor)
Tax Annual Amount: 3196

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas, Forced Air
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1901
Building materials: VinylSiding
Roof type: Asphalt, Shingle
Architectural style: Other

Listing agent Meghan O'Brien

Listing office Realty ONE Group Impact 140 S 68th St., Ste. 1105, West Des Moines, IA

Listing date May 7, 2026

MLS# 740254 Listing URL

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 property presents an investment opportunity as a two-unit rental, an owner-occupied rental, or a conversion to a single-family home within an area of Des Moines experiencing ongoing development. The main level, Unit 1, features an open concept with 2 bedrooms and 2 bathrooms, along with a dining area. Unit 2, located on the second floor, includes 2 bedrooms and 1 bathroom, with an additional third bedroom/loft on the third floor. Recent updates encompass central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. The current rent rates are $1000 for Unit 1 and $1025 for Unit 2. The property, zoned RES, has a size of 2381 square feet and sits on a lot of 0.192 acres.

Key Highlights

Two‑unit configuration: Unit 1 on the main level (2 bed, 2 bath) and Unit 2 on upper levels (2 bed, 1 bath plus third bedroom/loft on the third floor).
Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout.
Current rent rates are $1,000 for Unit 1 and $1,025 for Unit 2.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
IA
Des Moines
50314
401 Franklin Avenue

What type of property is this?

Duplex - Two-unit property with rental income potential in developing Des Moines area.

Where is this duplex located?

The property is located at 401 Franklin Avenue Des Moines, IA.

What is the asking price?

The asking price for this property is $200,000.

What are key features of this property?

This property features: Two‑unit configuration: Unit 1 on the main level (2 bed, 2 bath) and Unit 2 on upper levels (2 bed, 1 bath plus third bedroom/loft on the third floor).; Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout.; Current rent rates are $1,000 for Unit 1 and $1,025 for Unit 2.

401 Franklin Avenue Des Moines, IA 50314

MULTI_FAMILY - Other - Des Moines, IA

Property Features for 401 Franklin Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Grand Avenue Multifamily Investment

Side-by-Side Duplex Portfolio

Heavy Industrial Warehouse with Office

Duplex with Separate Driveways

Des Moines Multifamily Investment Opportunity

Duplex Portfolio with Four Units

All-Brick Duplex with Detached Garage

One-Story Standalone Office Building

Brick Duplex with Two Metered Units

Walkout Duplex with Rental Certificate

Duplex with Two Income Units

Central Duplex Income Property

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