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    Des Moines, IA Multifamily Properties for Sale

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    Urbandale, IA Windsor Heights, IA Pleasant Hill, IA
    51 results
    Grand Avenue Multifamily Investment
    $595,000
    3,967 SF

    Grand Avenue Multifamily Investment

    3103 Grand Avenue, Des Moines, IA 50312

    Multi-family property with strong income potential in desirable Grand Avenue.

    • Rare investment opportunity in the highly desirable Grand Avenue corridor.
    • Strong income potential with 7 units in a multi‑family property.
    • Excellent location with visibility and proximity to downtown, dining, retail, and cultural attractions.
    • Recently remodeled units offering immediate cash‑flow possibilities.
    • Well‑maintained building with character and charm.
    Updated: Apr 29
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    Turnkey Multifamily Investment Opportunity
    $549,000
    4,025 SF

    Turnkey Multifamily Investment Opportunity

    543 53rd Street, Des Moines, IA 50312

    Five-unit multifamily property in the Waterbury neighborhood.

    • Turnkey multifamily property with 5 units (four 1‑bedroom, one 2‑bedroom).
    • Potential rent roll near $6,000 for all 5 units.
    • Completely remodeled owner's apartment featuring hardwood floors, quartz counters, new cabinets, stainless appliances, and a walk‑in closet with custom shelving.
    • Prime location in the Waterbury neighborhood, walking distance to public transportation and close to shopping and restaurants.
    • On‑street and off‑street parking available, plus a 2+ car attached garage.
    Updated: Apr 29
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    Des Moines Multifamily Investment Opportunity
    $385,000
    3,367 SF

    Des Moines Multifamily Investment Opportunity

    Five-unit property in Kingman neighborhood with off-street parking.

    2931 Kingman Boulevard, Des Moines, IA 50311
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    Multifamily Property in Drake Area
    $330,000
    2,522 SF

    Multifamily Property in Drake Area

    Five-unit building with income potential in Des Moines, Iowa.

    2936 Brattleboro Avenue, Des Moines, IA 50311
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    Updated Duplex in Des Moines
    $309,900
    2,352 SF

    Updated Duplex in Des Moines

    Updated duplex with tenant, new roof, HVAC, and updated wiring.

    2404 57th Street, Des Moines, IA 50310
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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 Street, Des Moines, IA 50311
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    Spacious Ranch Home with Potential
    $219,900
    2,136 SF

    Spacious Ranch Home with Potential

    Ranch home with flexible space and income potential.

    1829 47th Street, Des Moines, IA 50310
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    Income-Producing Multifamily Property in Des Moines
    $279,900
    3,306 SF

    Income-Producing Multifamily Property in Des Moines

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

    3419 1st Street, Des Moines, IA 50313
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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 Street, Des Moines, IA 50314
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    Versatile Multi-Family Residence
    $239,000
    1,513 SF

    Versatile Multi-Family Residence

    Multi-family residence with income potential and flexible living options.

    1242 Mckinley Avenue, Des Moines, IA 50315
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    Updated Triplex in Des Moines
    $275,000
    2,013 SF

    Updated Triplex in Des Moines

    Turnkey investment property with updated units and cash-flow potential.

    900 Morton Avenue, Des Moines, IA 50316
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    Sherman Hill Multifamily Investment Opportunity
    $375,000
    3,174 SF

    Sherman Hill Multifamily Investment Opportunity

    Seven-unit property in Des Moines' historic Sherman Hill neighborhood.

    732 19th Street, Des Moines, IA 50314
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    Des Moines Duplex Investment Opportunity
    $280,000
    2,016 SF

    Des Moines Duplex Investment Opportunity

    Income-generating duplex near shopping, dining, and downtown Des Moines.

    612 Mckinley Avenue, Des Moines, IA 50315
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    Des Moines Duplex: Income Potential
    $275,000
    1,944 SF

    Des Moines Duplex: Income Potential

    Well-located duplex in Des Moines with immediate income potential.

    1022 Mckinley Avenue, Des Moines, IA 50315
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    Des Moines Duplex Opportunity
    $289,000
    1,600 SF

    Des Moines Duplex Opportunity

    Investor special: duplex in high-demand rental area.

    3509/3511 Keyes Drive, Des Moines, IA 50315
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    Multifamily Investment Opportunity Near Downtown
    $154,000
    2,430 SF

    Multifamily Investment Opportunity Near Downtown

    Six-unit multifamily property, fully vacant, ready for renovation and lease-up.

    1430 8th Street, Des Moines, IA 50314
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    Des Moines Duplex Opportunity
    $289,000
    1,600 SF

    Des Moines Duplex Opportunity

    Des Moines duplex perfect for renovation or rental portfolio expansion.

    3509/3511 Keyes Drive, Des Moines, IA 50315
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    Des Moines Multifamily Investment Opportunity
    $200,000
    2,381 SF

    Des Moines Multifamily Investment Opportunity

    Two-unit property with rental income potential in developing Des Moines area.

    401 Franklin Avenue, Des Moines, IA 50314
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    Charming Duplex in Des Moines
    $319,000
    1,254 SF

    Charming Duplex in Des Moines

    Desirable South-of-Grand duplex with potential for additional rental units.

    576 & 578 SW 42nd Street, Des Moines, IA 50312
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    Well-Kept Duplex in Des Moines
    $260,000
    1,920 SF

    Well-Kept Duplex in Des Moines

    Two-story duplex with updates in a fantastic Des Moines location.

    4236 Boyd Street, Des Moines, IA 50317
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    Well-Kept Duplex in Des Moines
    $265,000
    1,472 SF

    Well-Kept Duplex in Des Moines

    Desirable Des Moines duplex with separate driveways and fenced yards.

    4230/4232 Boyd Street, Des Moines, IA 50317
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    Des Moines Multi-Unit Investment
    $505,000
    4,140 SF

    Des Moines Multi-Unit Investment

    Turnkey multi-unit property with income potential in Des Moines.

    1314 22nd Street, Des Moines, IA 50311
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    Des Moines Duplex Investment Opportunity
    $190,000
    1,282 SF

    Des Moines Duplex Investment Opportunity

    Charming Des Moines duplex, ideal for investors or homeowners.

    1442 34th Street, Des Moines, IA 50311
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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 Street, Des Moines, IA 50311
    View details

    Des Moines, IA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Des Moines, IA, showcased through 51 active listings on our real estate platform. These investment opportunities span a total of 219,697 square feet of properties for sale, with an estimated market value of $19,607,400.

    Sale prices for multifamily properties in Des Moines, IA start at $154,000, averaging $466,842, and reaching up to $2,850,000 — 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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    Top Commercial Asset Segments

    Apartment buildings 23
    Duplexes 16
    Quadplexes 5
    Triplexes 3
    Short term rental properties 2

    Property Size Breakdown

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

    Demographics Overview

    Population 306K
    Population Growth (5Y) +2.6%
    Median Household Income $80,154
    College Educated 12.6%

    High-Yield Neighborhoods for Investment

    Identify Des Moines submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    Urbandale $249K
    Des Moines $491.1K

    Taxes & Financing

    Tax Rate (average for all types) 3.09%
    Property Tax per SF $42.10 per sq ft
    Tax Rate vs County Average 0.49 pp above county avg
    Average Loan-to-Value 65.0%

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