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    Des Moines, IA Multifamily Properties for Sale

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    5-Unit Apartment Building
    5-Unit Apartment Building

    1439 Henderson Ave, Des Moines, IA 50316

    $339,900
    3,510 sqft

    Fully occupied apartment property with two-bedroom units, off-street parking, and access to downtown amenities and major roadways.

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    This listing looks promising.

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    1439 Henderson Ave, Des Moines, IA 50316

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $29K
      Annual

    • Price @ 7% Cap

      $418K
      Above asking

    • Property Type

      Multi-Family Dwellings
      Built 1900
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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    2940 Brattleboro Ave, Des Moines, IA 50311

    $275,000
    2,142 sqft

    Two three-bedroom units offer assigned parking, in-unit laundry, and refreshed interior finishes.

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    Multifamily Property Near Ingersoll Avenue
    Multifamily Property Near Ingersoll Avenue

    2901 High St, Des Moines, IA 50312

    $375,000
    3,694 sqft

    Apartment building near Ingersoll Avenue with walkable access to restaurants, coffee shops, local businesses, and entertainment.

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    Walkout Duplex with Basement 1/2 Bath
    Walkout Duplex with Basement 1/2 Bath

    612 McKinley Ave, Des Moines, IA 50315

    $280,000
    2,016 sqft

    Well-sized 3-bedroom, 1.5-bath walkout duplex with two rented units and multiple recent updates.

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    Apartment Building With Historic Character
    Apartment Building With Historic Character

    612 29th St, Des Moines, IA 50312

    $370,000
    3,670 sqft

    Multifamily asset near walkable retail, dining, coffee, shopping, and downtown amenities.

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    Four-Unit Walkable Quadplex
    Four-Unit Walkable Quadplex

    2905 High St, Des Moines, IA 50312

    $370,000
    3,374 sqft

    Established multifamily property near restaurants, coffee shops, breweries, and everyday neighborhood conveniences.

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    Occupied Two-Unit Duplex
    Occupied Two-Unit Duplex

    1355 24th St, Des Moines, IA 50311

    $250,000
    2,064 sqft

    Two occupied units offer separate layouts and individual laundry setups.

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    Updated Walkout Duplex
    Updated Walkout Duplex

    815 E McKinley Ave, Des Moines, IA 50315

    $290,000
    1,856 sqft

    Two rented units with tenant-paid utilities, recent major-system updates, and a rental certificate valid through August 10, 2027.

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    36-Unit Apartment Building
    36-Unit Apartment Building

    1201 East Bell Avenue, Des Moines, IA 50315

    $2,146,697
    25,323 sqft

    The 1997 property offers a varied mix of one-, two-, and three-bedroom residences.

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    Updated Duplex with Two-Car Garage
    Updated Duplex with Two-Car Garage

    1019/1021 Kirkwood Ave, Des Moines, IA 50315

    $175,000
    1,586 sqft

    Two residential units include appliances, storage, and access to a detached garage.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    1072 27th St, Des Moines, IA 50311

    $270,000
    2,769 sqft

    Six-unit multifamily property with one residence under renovation and the remaining units occupied.

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    12-Unit Apartment Building
    12-Unit Apartment Building

    1195 Northwest Aurora Avenue, Des Moines, IA 50313

    $672,043
    15,844 sqft

    Multifamily property with consistent two-bedroom, one-bath unit layouts.

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    Small Multifamily Investment
    Small Multifamily Investment

    2303 Carpenter Ave, Des Moines, IA 50311

    $225,000
    2,734 sqft

    Five-unit multifamily property located just blocks from Drake University.

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    Updated 5-Unit Apartment Building
    Updated 5-Unit Apartment Building

    2931 Kingman Blvd, Des Moines, IA 50311

    $365,000
    3,367 sqft

    Updated interiors, separately metered electrical service, and assigned off-street parking support the five-unit configuration.

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    4-Unit Quadplex with Central Air
    4-Unit Quadplex with Central Air

    1372 E 12th St, Des Moines, IA 50316

    $410,000
    9,700 sqft

    Four three-bedroom apartments include vacant lower-level units and occupied upper-level units under month-to-month leases.

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    Two-Unit Duplex with Detached Garage
    Two-Unit Duplex with Detached Garage

    1250 9th St, Des Moines, IA 50314

    $250,000
    2,504 sqft

    Historic-area duplex with separately metered utilities and laundry facilities serving both residences.

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    Up-Down Duplex with Detached Garage
    Up-Down Duplex with Detached Garage

    4004 Cornell St, Des Moines, IA 50313

    $260,000
    2,083 sqft

    Two residential units have separate driveways and distinct private outdoor areas.

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    Updated Duplex with Outdoor Space
    Updated Duplex with Outdoor Space

    2024-2026 E Caulder Ave, Des Moines, IA 50320

    $240,000
    928 sqft

    Two residential units offer separate entrances, private outdoor areas, and off-street parking.

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    3-Unit Residential Property
    3-Unit Residential Property

    2712 Dean Ave, Des Moines, IA 50317

    $285,000
    1,710 sqft

    Up/down layout includes two apartments and a detached efficiency, with recent repairs and unit-level updates.

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    Two-Unit Duplex with Off-Street Parking
    Two-Unit Duplex with Off-Street Parking

    805 E Watrous Ave, Des Moines, IA 50315

    $249,900
    1,854 sqft

    Each residence offers two bedrooms, one full bath, and main-floor laundry hookups.

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    7-Unit Apartment Building
    7-Unit Apartment Building

    1800 9th Street, Des Moines, IA 50314

    $307,219
    18,005 sqft

    One-bedroom units include shared laundry and landlord-paid heat, water, sewer, trash, and common-area utilities.

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    Three-Bedroom Duplex with Finished Basement
    Three-Bedroom Duplex with Finished Basement

    2513 E 50th Ct, Des Moines, IA 50317

    $309,990
    1,253 sqft

    Open-concept interiors pair quartz kitchen finishes with additional lower-level living space.

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    Walkout Duplex
    Walkout Duplex

    1022 Mckinley Ave, Des Moines, IA 50315

    $275,000
    1,944 sqft

    Both units are leased, with tenants handling utilities, lawn care, and snow removal.

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    Duplex with Off-Street Parking
    Duplex with Off-Street Parking

    1429 Martin Luther King Jr Pkwy, Des Moines, IA 50314

    $142,500
    2,544 sqft

    Two-bedroom and three-bedroom units provide a varied residential configuration within the property.

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