Income-Producing Multi-Family
For Sale
$269,000
717 Franklin Avenue, Des Moines, IA 50314
MULTI_FAMILY - Des Moines, IA
Property Size4,233 SF
Lot Size0.30 Acres
Price / SF$63.55
Days on Market327
Property Features for 717 Franklin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
N5
Elementary school district
Des Moines
Middle school district
Des Moines
High school district
Des Moines
Directions
University to 6th Ave, North on 6th Ave to Franklin Ave, West on Franklin to property
Subdivision
Des Moines
Standard status
Active
APN
080/07891-001-000
Size
4,233 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
LOTS 20 & 21 OP GOV LOT 2 SEC 34-79-24
Tax Annual Amount
3077
Legal Description
LOTS 20 & 21 OP GOV LOT 2 SEC 34-79-24
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1901
Number of units
6
Listing Agency:
Keller Williams- Ankeny Metro
(515) 965-9100
Listed By:
Abby Hausmann-Virgil · License #S64723
(515) 965-9100
Added: Oct 10, 2025
Changed: Jul 25
Last Checked: Sep 1 at 1:06AM
MLS# 68691
Copyright © 2026 Central Iowa Board 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 income-producing multi-family property features six units, all of which are currently rented. The total monthly rental income is $4120. There is potential for rent increases. The property includes a large basement suitable for landlord storage and a huge parking lot. All units currently have only one tenant, resulting in low landlord expenses. The property size is 4233 square feet and the lot size is 0.3 acres. The zoning is N5.
Key Highlights
- 6‑unit multi‑family property with all units currently rented and total monthly rents of $4,120/mo
- Individual rents: #1 $650, #2 $870, #3 $750, #4 $650, #5 $600, #6 $600
- Landlord storage included with a large basement
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit property with rental income and potential for increases.
Where is this apartment building located?
The property is located at 717 Franklin Avenue 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: 6‑unit multi‑family property with all units currently rented and total monthly rents of $4,120/mo; Individual rents: #1 $650, #2 $870, #3 $750, #4 $650, #5 $600, #6 $600; Landlord storage included with a large basement
