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    Des Moines, IA Multifamily Properties for Sale

    37 results
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    Highland Park 7-Unit Multifamily Property
    $300,000
    3,306 SF

    Highland Park 7-Unit Multifamily Property

    3419 1St St, Des Moines, IA 50313

    Turnkey investment property with strong rental history in Des Moines.

    • Strong, consistent income from a fully leased 7‑unit multi‑family property.
    • Prime Highland Park location with easy access to transportation, shopping, and amenities.
    • Current rental certificate in place, ensuring compliance and immediate operation.
    • Separately metered utilities for simplified management and tenant billing.
    • Recent upgrades including a new roof, new sewer line, and backflow system (installed in 2025).
    Updated: Mar 3
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    Turnkey Duplex with Income Potential
    $325,000
    1,768 SF

    Turnkey Duplex with Income Potential

    1008 Kingman Cir, Des Moines, IA 50311

    Des Moines duplex: immediate income, spacious units, finished basements.

    • Turnkey duplex: Ready for immediate rental income.
    • Two units, each with 2 bedrooms and 1 bathroom.
    • Partially finished basements in both units, adding value.
    • Low‑maintenance property, ideal for investors.
    • Forced air and natural gas heating.
    Updated: Feb 17
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    Des Moines Fourplex Investment Opportunity
    $310,000
    2,509 SF

    Des Moines Fourplex Investment Opportunity

    Fourplex near Drake College, ideal for investors or owner-occupants.

    1148 36Th St, Des Moines, IA 50311
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    Sherman Hill Multifamily Investment
    $475,000
    5,692 SF

    Sherman Hill Multifamily Investment

    Six-unit property in Des Moines' desirable Sherman Hill neighborhood.

    686 19Th St, Des Moines, IA 50314
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    Five-Unit Multifamily Property in Des Moines
    $350,000
    2,522 SF

    Five-Unit Multifamily Property in Des Moines

    Well-located 5-unit multifamily property with long-term tenants and upside.

    2936 Brattleboro Ave, Des Moines, IA 50311
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    Des Moines Fourplex Near Drake
    $339,900
    2,492 SF

    Des Moines Fourplex Near Drake

    Fourplex near Drake University with updated units.

    1240 32Nd St, Des Moines, IA 50311
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    Des Moines Brick Duplex
    Pending
    $288,000
    2,009 SF

    Des Moines Brick Duplex

    All-brick duplex with investment potential in Des Moines, Iowa.

    1305 NE 51St Ave, Des Moines, IA 50313
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    Desirable Duplex with Rental Certificate
    $225,000
    918 SF

    Desirable Duplex with Rental Certificate

    Duplex with new roof and rental certificate through 2028.

    1114 Carrie Ave, Des Moines, IA 50315
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    Beaverdale Duplex with Updated Roof
    $275,000
    884 SF

    Beaverdale Duplex with Updated Roof

    Des Moines duplex in Beaverdale neighborhood, tenant-paid utilities.

    3831 40Th St, Des Moines, IA 50310
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    Des Moines Duplex: Income Potential
    $214,900
    1,408 SF

    Des Moines Duplex: Income Potential

    Well-maintained duplex with updated unit and long-term tenant.

    930 Emma Ave, Des Moines, IA 50315
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    Renovated Duplex with Garage
    $225,000
    864 SF

    Renovated Duplex with Garage

    Updated duplex featuring modern finishes, new appliances, and a garage.

    2300 Dean Ave, Des Moines, IA 50317
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    Des Moines Multifamily Property
    Pending
    $350,000
    2,392 SF

    Des Moines Multifamily Property

    Multifamily property for sale in Des Moines, Iowa.

    229 College Ave, Des Moines, IA 50314
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    Historic Mixed-Use Property For Sale
    $225,000
    3,550 SF

    Historic Mixed-Use Property For Sale

    Unique mixed-use property with commercial space and residential apartments.

    3516 SW 9Th St, Des Moines, IA 50315
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    Des Moines Duplex with Income
    Pending
    $275,000
    2,640 SF

    Des Moines Duplex with Income

    Duplex with move-in ready unit and long-term tenants.

    3924 E 38Th St, Des Moines, IA 50317
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    Oak Park Multifamily Investment
    $250,000
    2,237 SF

    Oak Park Multifamily Investment

    Multifamily property in Des Moines' Oak Park neighborhood.

    3916 9Th St, Des Moines, IA 50313
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    Des Moines Fourplex Investment Opportunity
    Pending
    $300,000
    3,710 SF

    Des Moines Fourplex Investment Opportunity

    Spacious fourplex near downtown Des Moines with strong cash flow.

    1418 E 9Th St, Des Moines, IA 50316
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    Des Moines Fourplex Investment Opportunity
    Pending
    $300,000
    3,710 SF

    Des Moines Fourplex Investment Opportunity

    Well-managed fourplex in Des Moines with cash flow potential.

    1418 E 9Th St, Des Moines, IA 50316
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    Des Moines Multifamily Opportunity
    $225,000
    2,734 SF

    Des Moines Multifamily Opportunity

    Multifamily property in Des Moines, Iowa for sale.

    2303 Carpenter Ave, Des Moines, IA 50311
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    Versatile Multi-Family Residence
    $275,000
    1,513 SF

    Versatile Multi-Family Residence

    Multi-family residence with income potential in Des Moines, Iowa.

    1242 Mckinley Ave, Des Moines, IA 50315
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    Income Property Near Drake University
    $210,000
    1,568 SF

    Income Property Near Drake University

    Spacious duplex near Drake University with strong rental potential.

    1175 21St St, Des Moines, IA 50311
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    Des Moines Multifamily Investment Property
    $180,000
    2,709 SF

    Des Moines Multifamily Investment Property

    Fully rented multifamily property in Des Moines, Iowa.

    1825 7Th St, Des Moines, IA 50314
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    Income-Producing Multi-Family Property
    $275,000
    4,233 SF

    Income-Producing Multi-Family Property

    Six-unit property with rental income and potential for increases.

    717 Franklin Ave, Des Moines, IA 50314
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    Well-Maintained Three-Plex in Des Moines
    $220,000
    2,328 SF

    Well-Maintained Three-Plex in Des Moines

    Updated three-plex with strong rental potential, ideal for investors.

    1349 E 12Th St, Des Moines, IA 50316
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    Des Moines Multifamily Investment Opportunity
    $120,000
    2,009 SF

    Des Moines Multifamily Investment Opportunity

    Four-unit property near Drake University, ideal for investors.

    1358 22Nd St, Des Moines, IA 50311
    View details

    Des Moines, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 291 multifamily properties for sale in Des Moines, IA, showcased through 37 active listings on our real estate platform. These investment opportunities span a total of 16,562,372 square feet of properties for sale, with an estimated market value of $307,861,390.

    Sale prices for multifamily properties in Des Moines, IA start at $65,000, averaging $1,769,318, and reaching up to $26,330,000 — 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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    Most Searched ZIP Codes in Des Moines, IA

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