Income-Producing Multi-Family Property

717 Franklin Avenue, Des Moines, IA 50314

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For Sale

$269,000

MULTI_FAMILY - Des Moines, IA

Property size:

4,233 SF

Lot size:

0.30 Acres

Price / SF:

$63/SF

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
Huge parking lot for tenant and guest parking
Forced air heating with natural gas; public water and public sewer

We can help!

Listing Contact

Abby Hausmann-Virgil

For Sale

$269,000

MULTI_FAMILY - Des Moines, IA

Property size:

4,233 SF

Lot size:

0.30 Acres

Price / SF:

$63/SF

Added:: Oct 10, 2025
Days on Market:: 247
Last Refresh:: Jun 13 at 5:06 am

Property Features for 717 Franklin Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: N5
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

Utilities

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

Building Details

Year built: 1901
Number of units: 6

We can help!

Listing Contact

Abby Hausmann-Virgil

Listing agent Abby Hausmann-Virgil License #S64723

Listing office Keller Williams- Ankeny Metro 1610 SW Main St. Ste, 204, Ankeny, IA

Listing date Oct 10, 2025

MLS# 68691 Listing URL

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.

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
Huge parking lot for tenant and guest parking
Forced air heating with natural gas; public water and public sewer

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Des Moines
County: Polk
State: Iowa
Longitude: -93.627864
Latitude: 41.611531

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For sale
Apartment buildings
IA
Des Moines
50314
717 Franklin Avenue

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

717 Franklin Avenue, Des Moines, IA 50314

MULTI_FAMILY - Des Moines, IA

Property Features for 717 Franklin Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Grand Avenue Multifamily Investment

Duplex Portfolio with Shared Drive

Updated Duplex with Bonus Space

Des Moines Multifamily Investment Opportunity

Side-by-Side Duplex Portfolio

Turnkey Multifamily Investment

Walkout Duplex with Rental Certificate

Duplex with Two Income Units

Des Moines Fourplex Investment Opportunity

Spacious Ranch Home with Potential

Converted Victorian Five-Unit Property

Income-Producing Multifamily Property in Des Moines

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