6-Unit Apartment
For Sale
$269,000
717 Franklin Avenue, Des Moines, IA 50314
Residential Income, Des Moines, IA
Property Size4,233 SF
Lot Size0.30 Acres
Price / SF$63.55
Days on Market337
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
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1901
Number of units
6
Listing Agency:
Keller Williams- Ankeny Metro
Listed By:
Abby Hausmann-Virgil · License #S64723
(515) 965-9100
Added: Oct 10, 2025
Changed: Sep 4
Last Checked: Sep 11 at 10:06PM
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 6-unit apartment building contains 4,233 square feet on a 0.3-acre lot. Built in 1901, the property is fully leased, with each unit currently occupied by one tenant. A large basement provides storage for landlord use, and the site includes a substantial parking area.
The building uses forced-air, natural-gas heating and is served by public water and public sewer. Located in Des Moines, Iowa, the property is zoned N5.
The building uses forced-air, natural-gas heating and is served by public water and public sewer. Located in Des Moines, Iowa, the property is zoned N5.
Key Highlights
- Six occupied apartment units with one tenant in each unit
- 4,233‑square‑foot multifamily building on a 0.3‑acre lot
- Large basement offers landlord storage space
Property Analytics
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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
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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 - Fully occupied multifamily property with basement storage, substantial parking, and public utilities.
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: Six occupied apartment units with one tenant in each unit; 4,233‑square‑foot multifamily building on a 0.3‑acre lot; Large basement offers landlord storage space
