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    Des Moines, IA Multifamily Properties for Sale

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    Des Moines Apartment Community
    Updated: Mar 24
    Des Moines Apartment Community

    2519 Clarkson Ave, Des Moines, IA 50310

    $2,655,000
    27,360 sqft
    Renovated Units: All 45 units are already renovated.
    Prime Location: Highly accessible location at the intersection of Douglas Avenue and MLK Jr Parkway.
    Strong Employment Hub: Close proximity to major employers.
    Recent Property Enhancements: Includes a new asphalt parking lot, newer boilers and hot water heaters, newer windows, and a new roof on Building C (2026).
    Value‑Add Opportunities: Potential to increase returns by converting the former leasing office and implementing a gas utility reimbursement program.
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    This listing looks promising.

    Here's a quick look at some key insights for

    2519 Clarkson Ave, Des Moines, IA 50310

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $228K
      Annual

    • Price @ 7% Cap

      $3.26M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1962
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    Side-by-Side Duplex Portfolio
    Updated: Jun 10
    Side-by-Side Duplex Portfolio

    707 & 715 E Mckinley Avenue, Des Moines, IA 50315

    $590,000
    3,499 sqft 0.67 AC lot
    Side‑by‑side duplexes at 707 & 715 E. McKinley Ave., offering 4 total units in one portfolio setup.
    Per seller, all four units have 3 bedrooms plus additional finished basement square footage; walkout basements and spacious backyards.
    Combined gross monthly income for both duplexes is $4,893.
    Tenants pay all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal.
    Recent updates include new furnace and A/C (2023) and a replaced water heater (2024) at 715 E. McKinley Ave.
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    Des Moines Multifamily Investment Opportunity
    Des Moines Multifamily Investment Opportunity

    2931 Kingman Boulevard, Des Moines, IA 50311

    $385,000
    3,367 sqft 0.26 AC lot

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

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    Duplex with Separate Driveways
    Duplex with Separate Driveways

    2525 51st Street, Des Moines, IA 50310

    $469,900
    4,135 sqft 0.49 AC lot

    Duplex on a nearly half-acre lot with separate driveways, updated interiors, and a detached two-car garage.

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    Des Moines Multifamily Investment Opportunity
    Des Moines Multifamily Investment Opportunity

    2127 Indianola Avenue, Des Moines, IA 50315

    $2,250,000
    14,336 sqft

    35-unit multifamily property near Des Moines CBD.

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    Grand Avenue Multifamily Investment
    Grand Avenue Multifamily Investment

    3103 Grand Avenue, Des Moines, IA 50312

    $595,000
    3,967 sqft 0.53 AC lot

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

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    Duplex Portfolio with Four Units
    Duplex Portfolio with Four Units

    801 & 807 E Mckinley Avenue, Des Moines, IA 50315

    $550,000
    3,499 sqft 0.28 AC lot

    Two side-by-side duplexes offer four 3-bedroom units with finished basement space and tenant-paid utilities.

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    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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    Walkout Duplex with Rental Certificate
    Walkout Duplex with Rental Certificate

    815 E Mckinley Avenue, Des Moines, IA 50315

    $290,000
    1,856 sqft 0.24 AC lot

    Two rented units in a walkout duplex with multiple recent mechanical updates and a valid rental certificate.

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    Duplex with Two Income Units
    Duplex with Two Income Units

    1019/1021 Kirkwood Avenue, Des Moines, IA 50315

    $195,000
    1,586 sqft 0.16 AC lot

    Two separate residential units with included appliances, detached two-car garage access, and recent exterior and HVAC updates.

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    Value-Add Multifamily Apartment Community
    Value-Add Multifamily Apartment Community

    920 Meadow Lane, Des Moines, IA 50315

    $5,900,000
    6.86 AC lot

    102-unit apartment community across multiple parcels with surface parking in Des Moines, Iowa.

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    Central Duplex Income Property
    Central Duplex Income Property

    1448 8th Street, Des Moines, IA 50314

    $119,000
    2,842 sqft 0.14 AC lot

    Duplex with a 3-bedroom and a 2-bedroom unit, each offering in-unit laundry and one bathroom.

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    Des Moines Fourplex Investment Opportunity
    Des Moines Fourplex Investment Opportunity

    1148 36th Street, Des Moines, IA 50311

    $310,000
    2,509 sqft 0.34 AC lot

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

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    Sherman Hill Multifamily Investment
    Sherman Hill Multifamily Investment

    686 19th Street, Des Moines, IA 50314

    $499,900
    5,692 sqft 0.17 AC lot

    Historic Des Moines multifamily property with immediate returns.

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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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    Turn-Key Duplex with In-Unit Laundry
    Turn-Key Duplex with In-Unit Laundry

    1355 24th Street, Des Moines, IA 50311

    $260,000
    2,064 sqft 0.18 AC lot

    Two occupied 2BR/1BA units with independent layouts and washer/dryer setups, sold with appliances included.

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    Des Moines Duplex: Hybrid Income
    Des Moines Duplex: Hybrid Income

    6306 Urbandale Ave, Des Moines, IA 50322

    $249,000
    2,260 sqft

    Well-maintained duplex with long-term and medium-term rental income potential.

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    Turnkey Multifamily Investment
    Turnkey Multifamily Investment

    543 53rd Street, Des Moines, IA 50312

    $499,500
    4,025 sqft 0.16 AC lot

    Turnkey five-unit property with coin laundry and dedicated storage in an established residential setting.

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    Investor-Ready Six-Unit Apartment Building
    Investor-Ready Six-Unit Apartment Building

    1424 30th St, Des Moines, IA 50311

    $340,000
    3,851 sqft

    Well-maintained multifamily asset in Des Moines' desirable Drake neighborhood.

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    Clean Duplex Investment Property
    Clean Duplex Investment Property

    4324 50th Street, Des Moines, IA 50310

    $295,000
    1,530 sqft 0.30 AC lot

    Well-kept duplex offers two 2-bedroom units, each with 1 bath and a detached 1-car garage.

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    Luxury Mixed-Use Community in Des Moines
    Luxury Mixed-Use Community in Des Moines

    4362 Hickman Road, Des Moines, IA 50310

    Contact for pricing
    16,901 sqft

    42-unit mixed-use property with apartments, townhomes, and medical office.

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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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    Income-Producing Multifamily Property For Sale
    Income-Producing Multifamily Property For Sale

    717 Franklin Avenue, Des Moines, IA 50314

    $269,000
    0.30 AC lot

    Six-unit multifamily property with income and parking.

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    Des Moines Duplex Investment Opportunity
    Des Moines Duplex Investment Opportunity

    612 Mckinley Avenue, Des Moines, IA 50315

    $280,000
    2,016 sqft 0.23 AC lot

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

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    Des Moines, IA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Des Moines, IA, showcased through 48 active listings on our real estate platform. These investment opportunities span a total of 151,108 square feet of properties for sale, with an estimated market value of $16,836,000.

    Sale prices for multifamily properties in Des Moines, IA start at $99,000, averaging $382,636, and reaching up to $2,655,000 — 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

    Commercial property segments ranked by active listings on the market

    Apartment buildings 20
    Duplexes 19
    Triplexes 6
    Quadplexes 4
    Short term rental properties 1

    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 average listing prices of real estate assets

    Neighborhood Average Price
    Urbandale $249K
    Des Moines $591.6K

    Taxes & Financing

    Tax Rate (average for all types) 3.09%
    Property Tax per SF $42.10 per SF
    Tax Rate vs County Average 0.49 pp above 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 Des Moines fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Des Moines, IA

    • 50315
    • 50311
    • 50314
    • 50310
    • 50313
    • 50316
    • 50312
    • 50322

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