Six-Unit Apartment
For Sale
$269,000
717 Franklin Ave, Des Moines, IA 50314
Fully leased property with basement storage and a large on-site parking area.
Property Size4,233 SF
Price / SF$63.55
Days on Market327
Property Features for 717 Franklin Ave
General Information
Standard status
Active
Size
4,233 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$49,440
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$3,077
Building Details
Tenancy
Multi
Listing Agency:
Keller Williams Ankeny Metro
(515) 965-9100
Listed By:
Abby Hausmann-Virgil
(515) 965-9100
Source:
Exprealty
Added: Oct 10, 2025
Changed: Aug 31
Last Checked: Aug 30 at 9:39PM
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 Keller Williams Ankeny Metro
Investment Insights
Based on property information with market context.
This six-unit apartment building contains 4,233 square feet and is currently fully leased. The property includes a sizable basement designated for landlord storage, along with a large parking lot serving the building. Each apartment is occupied by one tenant, providing a straightforward existing occupancy profile.
Located at 717 Franklin Ave in Des Moines, IA, the property is configured as a compact multifamily asset with six residential units. Current occupancy and on-site storage add practical operating features for an apartment owner.
Located at 717 Franklin Ave in Des Moines, IA, the property is configured as a compact multifamily asset with six residential units. Current occupancy and on-site storage add practical operating features for an apartment owner.
Key Highlights
- Six residential units in a 4,233‑square‑foot apartment building
- All 6 units are currently rented
- Large basement provides landlord storage
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 50314, IA
11,764
Population
4,780
Households
2.5
Avg Household Size
31
Median Age
15%
College-Educated
72%
High-School Grad
2.5 sq mi
ZIP Area
4,706
Density / Sq Mi
$38,511
Median Household Income
$30,314
Median Earnings
$977
Median Rent
$146,700
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 - Fully leased property with basement storage and a large on-site parking area.
Where is this apartment building located?
The property is located at 717 Franklin Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Six residential units in a 4,233‑square‑foot apartment building; All 6 units are currently rented; Large basement provides landlord storage
