30-Unit Apartment
New
For Sale
$1,650,000
5555 Southwest 9th Street, Des Moines, IA 50315
Three-story community with one- and two-bedroom floor plans, surface parking, and recent exterior improvements.
Property Size23,400 SF
Lot Size0.73 Acres
Price / SF$70.51
Days on Market7
Property Features for 5555 Southwest 9th Street
General Information
Standard status
Active
Size
23,400 SF
Net Rentable
23,400 SF
Lot size
0.73 Acres
Property subtype
Multifamily
Occupancy
97%
Financials
Asking Price
$1,650,000
Cap Rate
8.26%
Average Monthly Rent
$795
Units
Unit Mix
12 x 1BR/1BA, 18 x 2BR/1BA
Multifamily Units
30
Additional Details
Road Access
Yes
Building Details
Year Built
1978
Stories
3
Listed By:
Cy Fox
(515) 415-6109
Source:
Cbre
Added: Sep 16
Last Checked: Sep 21 at 4:48AM
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
Investment Insights
Based on property information with market context.
Goldbriar Chateau is a 30-unit apartment community comprising 23,400 rentable square feet across three stories. The unit mix includes 12 one-bedroom/one-bath residences and 18 two-bedroom/one-bath residences, with an average unit size of 780 SF. Surface parking serves the property, and the building received a new roof and siding in 2023.
The property is located at 5555 Southwest 9th Street in Des Moines, positioned near SW 9th Street and within minutes of Des Moines International Airport. Nearby retail and recreational destinations include Southridge Mall, Blank Park Zoo, Target, Hy-Vee, Marshalls, Hobby Lobby, and Menards. The community reports 97% occupancy and an 8.26% cap rate.
The property is located at 5555 Southwest 9th Street in Des Moines, positioned near SW 9th Street and within minutes of Des Moines International Airport. Nearby retail and recreational destinations include Southridge Mall, Blank Park Zoo, Target, Hy-Vee, Marshalls, Hobby Lobby, and Menards. The community reports 97% occupancy and an 8.26% cap rate.
Key Highlights
- 30‑unit apartment community with 23,400 total rentable SF
- Unit mix includes 12‑1BR/1BA and 18‑2BR/1BA residences
- 97% occupancy and an 8.26% cap rate
Property Analytics
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Current Use
Lease Details
30
Residential units
97%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story community with one- and two-bedroom floor plans, surface parking, and recent exterior improvements.
Where is this apartment building located?
The property is located at 5555 Southwest 9th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 30‑unit apartment community with 23,400 total rentable SF; Unit mix includes 12‑1BR/1BA and 18‑2BR/1BA residences; 97% occupancy and an 8.26% cap rate
