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    Ankeny, IA
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    Ankeny, IA Multifamily Properties for Sale

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    Polk City, IA Des Moines, IA Bondurant, IA Altoona, IA Johnston, IA Elkhart, IA Cambridge, IA Granger, IA
    8 properties
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    Turnkey Duplex with Updated Interiors
    Updated: Jul 8
    Turnkey Duplex with Updated Interiors

    410-412 SE Magazine Road, Ankeny, IA 50021

    $375,000
    1,968 sqft 0.25 AC lot
    Duplex built in 1975 with each unit offering 2 bedrooms and 1.5 bathrooms
    Full basement per duplex with additional storage or future possibilities
    Recent updates include replacement windows, luxury vinyl plank flooring, and quartz countertops
    Central air cooling and forced‑air natural gas heating
    Appliances included: washer, dryer, refrigerator, stove, dishwasher, and microwave
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    This listing looks promising.

    Here's a quick look at some key insights for

    410-412 SE Magazine Road, Ankeny, IA 50021

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    • Est. Cap Rate

      4.7%
      NOI ÷ price

    • Est. NOI

      $17K
      Annual

    • Price @ 7% Cap

      $249K
      Suggested

    • Property Type

      Duplex
      Built 1975
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    Split-Level Duplex with Private Driveways
    Updated: Jul 8
    Split-Level Duplex with Private Driveways

    1517-1519 NW 2nd Street, Ankeny, IA 50023

    $325,000
    952 sqft 0.25 AC lot
    Duplex built in 1971 with two split‑level units
    Each unit offers 2 bedrooms and 1 full bathroom with kitchen and functional layout
    Kitchens include updated appliances: dishwasher, microwave, refrigerator, stove, and washer/dryer
    Heating is forced air with natural gas; cooling is central air
    Improvements include replacement windows and gutter guards with oversized 6‑inch downspouts
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    Updated Duplex with Private Patios
    Updated Duplex with Private Patios

    121 NW State Street, Ankeny, IA 50023

    $315,000
    952 sqft 0.23 AC lot

    Well-maintained duplex with updated interiors, private patio space, and dedicated storage for each unit, in a residential R-2 setting.

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    32-Unit Multifamily Community in Ankeny, Iowa
    32-Unit Multifamily Community in Ankeny, Iowa

    218 Northwest State Street, Ankeny, IA 50023

    $2,395,000
    25,600 sqft

    Well-maintained 32-unit apartment complex in Ankeny, Iowa.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Residential Income Duplex For Sale
    Residential Income Duplex For Sale

    309 SE Grant Street, Ankeny, IA 50021

    $299,999
    1,554 sqft 0.20 AC lot

    Duplex-style residential income property for sale in Ankeny, IA, totaling 1,554 square feet.

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    Mixed-Use Development For Sale
    Mixed-Use Development For Sale

    7040 NE 14th St, Ankeny, IA

    $3,417,227
    12,486 sqft 1.49 AC lot

    20,400 SF mixed-use property with retail, office, and apartments.

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    Retail, Multifamily, Office, Mixed Use
    Retail, Multifamily, Office, Mixed Use

    7040 NE 14th St, Ankeny, IA 50023

    $3,417,227
    6,358 sqft 1.44 AC lot

    Mixed-use properties · 6,358 SF

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    Trilein Village Apartments For Sale
    Trilein Village Apartments For Sale

    317 Northeast Trilein Drive, Ankeny, IA 50021

    Contact for pricing

    54-unit apartment community in Ankeny, Iowa.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 8 Active listings in Ankeny, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    All-Brick Duplex with Detached Garage
    All-Brick Duplex with Detached Garage

    1000 Hoffman Avenue, Des Moines, IA 50316

    $280,000
    1,404 sqft 0.21 AC lot

    Well-maintained duplex with detached 2-car garage and updated roof and central air systems.

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    Brick Duplex with Two Metered Units
    Brick Duplex with Two Metered Units

    2806 Aurora Avenue, Des Moines, IA 50310

    $215,000
    1,569 sqft 0.25 AC lot

    Brick duplex with two separately metered units, each with dedicated HVAC and laundry, plus a fenced yard and tuck-under garage.

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    Income-Producing Multifamily Property in Des Moines
    Income-Producing Multifamily Property in Des Moines

    3419 1st Street, Des Moines, IA 50313

    $279,900
    3,306 sqft 0.23 AC lot

    Seven-unit multifamily property with immediate cash flow and future upside.

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    Converted Victorian Five-Unit Property
    Converted Victorian Five-Unit Property

    3400 Ravina Drive, Des Moines, IA 50313

    $210,000
    4,067 sqft 0.37 AC lot

    Five-unit multifamily built in 1897 with preserved Victorian character, attached and detached garages, and laundry hookups.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Developed Multi-Pad Development Land
    Developed Multi-Pad Development Land

    N 41st St, Bethany, MO 64424

    $249,900
    10.00 AC lot

    10-acre development site with 10 constructed dirt pads, cul-de-sac road layout, and a billboard generating $100 monthly.

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    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

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    Leavenworth Land For Sale
    Leavenworth Land For Sale

    13788 McIntyre1 Road, Leavenworth, KS 66048

    $1,750,000
    35.00 AC lot

    35 acre commercial lot with utilities ready for development.

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    Residential Lot in Wellsville, MO
    Residential Lot in Wellsville, MO

    412 Washington Street, Wellsville, MO 63384

    Contact for pricing
    0.17 AC lot

    Ready-to-build residential lot in a charming small town.

    View details

    Off-Market Properties in Ankeny, IA

    Consider similar Off-Market properties in Ankeny, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    719 3rd St
    APARTMENT HOUSE (5+ UNITS)

    719 3rd St, Ankeny, IA 50023-2692

    Value Estimation by Request
    32,514 sqft 0.97 AC lot
    View details
    1114 Belmont Dr
    APARTMENT HOUSE (5+ UNITS)

    1114 Belmont Dr, Ankeny, IA 50021-3581

    $1,320,000
    Estimated value
    10,848 sqft 0.54 AC lot
    View details
    114 State St
    APARTMENT HOUSE (5+ UNITS)

    114 State St, Ankeny, IA 50023-2372

    $2,265,000
    Estimated value
    8,704 sqft 0.71 AC lot
    View details
    117 College Ave
    APARTMENT HOUSE (5+ UNITS)

    117 College Ave, Ankeny, IA 50023-2129

    $1,040,000
    Estimated value
    5,600 sqft 0.49 AC lot
    View details
    1102 Belmont Dr
    APARTMENT HOUSE (5+ UNITS)

    1102 Belmont Dr, Ankeny, IA 50021-3579

    $965,000
    Estimated value
    7,488 sqft 1.01 AC lot
    View details
    1602 Pne Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    1602 Pne Rd, Ankeny, IA 50023-1251

    $2,585,000
    Estimated value
    3,372 sqft 0.67 AC lot
    View details
    1002 Belmont Dr
    APARTMENT HOUSE (5+ UNITS)

    1002 Belmont Dr, Ankeny, IA 50021-3570

    $2,985,000
    Estimated value
    20,883 sqft 2.43 AC lot
    View details
    202 College Ave
    APARTMENT HOUSE (5+ UNITS)

    202 College Ave, Ankeny, IA 50023-2136

    $765,000
    Estimated value
    4,352 sqft 0.49 AC lot
    View details
    213 College Ave
    APARTMENT HOUSE (5+ UNITS)

    213 College Ave, Ankeny, IA 50023-2133

    Value Estimation by Request
    4,352 sqft 0.49 AC lot
    View details
    210 State St
    APARTMENT HOUSE (5+ UNITS)

    210 State St, Ankeny, IA 50023-2538

    Value Estimation by Request
    4,608 sqft 1.31 AC lot
    View details
    2022 Hickory Ln
    APARTMENT HOUSE (5+ UNITS)

    2022 Hickory Ln, Ankeny, IA 50023-1225

    $505,000
    Estimated value
    6,784 sqft 0.18 AC lot
    View details
    1713 Pne Rd
    APARTMENT HOUSE (5+ UNITS)

    1713 Pne Rd, Ankeny, IA 50023-1241

    $3,745,000
    Estimated value
    45,504 sqft 3.17 AC lot
    View details
    2101 1st St
    APARTMENT HOUSE (5+ UNITS)

    2101 1st St, Ankeny, IA 50023-2461

    $845,000
    Estimated value
    8,640 sqft 2.10 AC lot
    View details
    201 Linden St
    APARTMENT HOUSE (5+ UNITS)

    201 Linden St, Ankeny, IA 50023-2476

    $1,955,000
    Estimated value
    5,120 sqft 1.97 AC lot
    View details
    214 Chapel Dr
    APARTMENT HOUSE (5+ UNITS)

    214 Chapel Dr, Ankeny, IA 50023-2259

    $995,000
    Estimated value
    10,240 sqft 0.88 AC lot
    View details
    301 Delaware Ave
    APARTMENT HOUSE (5+ UNITS)

    301 Delaware Ave, Ankeny, IA 50021-6644

    $9,750,000
    Estimated value
    16,176 sqft 8.24 AC lot
    View details

    Ankeny, IA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Ankeny, IA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 49,870 square feet of properties for sale, with an estimated market value of $10,544,453.

    Sale prices for multifamily properties in Ankeny, IA start at $299,999, averaging $1,506,350, and reaching up to $3,417,227 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 8
    Duplexes 4

    Demographics Overview

    Population 75K
    Population Growth (5Y) +16.3%
    Median Household Income $107,944
    College Educated 69.6%

    High-Yield Neighborhoods for Investment

    Identify Ankeny submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50021 $188.6K
    50023 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.32%
    Property Tax per SF $23.64 per SF
    Tax Rate vs County Average 0.13 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Polk County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Ankeny fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Ankeny, IA

    • 50023
    • 50021

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