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    2036-2044 Capitol Ave Des Moines, IA 50317

    For Sale
    $360,000

    Three side-by-side Des Moines rentals, strong cash flow.

    Property size:
    2,043 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a portfolio of three single-family homes located side-by-side at 2036-2044 Capitol Avenue in Des Moines, Iowa, within Polk County, zip code 50317. Built between 1912 and 1915, this portfolio boasts a total of 2,043 square feet of net rentable space, priced at $176.21 per square foot. The asking price for the entire portfolio is $360,000. Each unit is a 2-bedroom, 1-bathroom home. Currently, the properties generate substantial rental income: 2036 Capitol Avenue is rented at $1025 per month

    Property Features for 2036-2044 Capitol Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,043 SF

    Building Details

    Year Built
    1912

    HighLights

    • Exceptional investment opportunity: Three side‑by‑side single‑family homes in Des Moines, IA.
    • Portfolio totals 2,043 square feet of net rentable space.
    • Asking price: $360,000 ($176.21/SF).
    • Each unit features 2 bedrooms and 1 bathroom.
    • Currently generating substantial rental income (example: $1025/month for one unit).
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5805772
    Latitude
    41.594561

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    FAQs

    What type of property is this?
    Multifamily property - Three side-by-side Des Moines rentals, strong cash flow.
    Where is this multifamily property located?
    The property is located at 2036-2044 Capitol Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Three side-by-side single-family homes in Des Moines, IA.; Portfolio totals 2,043 square feet of net rentable space.; Asking price: $360,000 ($176.21/SF).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2036-2044 Capitol Ave Des Moines, IA 50317
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