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    Des Moines, IA Multifamily Properties for Sale

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    Two-Story Duplex Near Drake
    Two-Story Duplex Near Drake

    1175 21st Street, Des Moines, IA 50311

    $210,000
    1,568 sqft

    Two separately configured units share a basement with laundry hookups and storage, supported by a current rental certificate.

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    This listing looks promising.

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    1175 21st Street, Des Moines, IA 50311

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    • Est. Cap Rate

      7%
      Above avg (5.9%)

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $209K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1909
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    8-Unit Apartment Building
    8-Unit Apartment Building

    3274 E. EUCLID AVE., Des Moines, IA 50317

    Contact for pricing
    5,568 sqft

    Updated interiors and individual exterior entrances serve all eight units.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    717 Franklin Ave, Des Moines, IA 50314

    $269,000
    4,233 sqft

    Fully leased property with basement storage and a large on-site parking area.

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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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    Updated Duplex with Loft
    Updated Duplex with Loft

    401 Franklin Avenue, Des Moines, IA 50314

    $200,000
    2,381 sqft 0.19 AC lot

    Two residential units offer flexible rental or owner-occupant use with refreshed interiors and separate living arrangements.

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    Renovated Triplex Near Drake
    Renovated Triplex Near Drake

    1112 27th St, Des Moines, IA 50311

    $300,000
    1,900 sqft

    Recent building improvements include updated kitchens, appliances, windows, siding, flooring, roof, and air conditioning.

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    Seven-Unit Multifamily Property
    Seven-Unit Multifamily Property

    3419 1st Street, Des Moines, IA 50313

    $279,900
    3,306 sqft 0.23 AC lot

    Seven-unit multifamily building with a current rental certificate, separately metered utilities, and off-street parking with detached garage.

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    Renovated 12-Unit Multifamily Property
    Renovated 12-Unit Multifamily Property

    2411 WELBECK RD, Des Moines, IA 50310

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    8,784 sqft

    Twelve fully renovated 2-bedroom units are offered with residential utility bill-back in place.

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    Remodeled 24-Unit Apartment Building
    Remodeled 24-Unit Apartment Building

    4221 SE 13th Street, Des Moines, IA 50315

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    14,256 sqft 0.65 AC lot

    Three-story walk-up with 24 one-bedroom units, individually metered electric, and on-site surface parking.

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    Duplex With Detached Garages
    Duplex With Detached Garages

    4324 50th St, Des Moines, IA 50310

    $295,000
    1,530 sqft

    Two-unit residential property with separate garages, finished basement space, and tenant-paid utilities.

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    Renovated Duplex with Detached Garage
    Renovated Duplex with Detached Garage

    2300 Dean Ave, Des Moines, IA 50317

    $179,900
    864 sqft

    Two updated one-bedroom units include flexible lower-level space and hookups for in-unit laundry.

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    Brick Duplex with Tuck-Under Garage
    Brick Duplex with Tuck-Under Garage

    2806 Aurora Ave, Des Moines, IA 50310

    $200,000
    1,569 sqft

    Two separately metered units include individual climate, water-heating, and laundry equipment.

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    Value-Add Multifamily Apartment Building
    Value-Add Multifamily Apartment Building

    3710 56TH ST, Des Moines, IA 50310

    Contact for pricing
    23,184 sqft

    29-unit apartment building offers studio through two-bedroom layouts, including a premium 2BR/2BA unit.

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    Quadplex Portfolio with Duplex
    Quadplex Portfolio with Duplex

    1118 26th St, Des Moines, IA 50311

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    6,111 sqft

    Two historic multifamily buildings provide varied unit configurations and in-unit laundry near the Drake campus.

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    Residential Income Multifamily
    Residential Income Multifamily

    730 16th Street, Des Moines, IA 50314

    $490,000
    4,158 sqft 0.34 AC lot

    Other multifamily property for sale in Des Moines, Iowa, zoned R-HD and sized at 4,158 square feet.

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    Boutique Apartment Building with One-Bedrooms
    Boutique Apartment Building with One-Bedrooms

    421 College Ave, Des Moines, IA 50314

    $1,675,000

    Multi-family community with one-bedroom apartments and immediate access to I-235 and I-80.

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    Renovated 34-Unit Apartment Building
    Renovated 34-Unit Apartment Building

    2525 Clarkson Ave, Des Moines, IA 50310

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    24,960 sqft

    34-unit apartment community offering studios and one- and two-bedroom units, with nearly all units recently renovated.

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    Mixed-Use Property with In-Unit Laundry
    Mixed-Use Property with In-Unit Laundry

    1729 Grand Ave, Des Moines, IA 50309

    Contact for pricing
    26,816 sqft

    The property pairs original architectural details with updated systems, kitchens, and in-unit laundry.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    823 18th St, Des Moines, IA 50314

    Contact for pricing
    2,791 sqft

    Six-unit multifamily building with three 1-bedroom units and three studios.

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    Renovated 108-Unit Apartment Portfolio
    Renovated 108-Unit Apartment Portfolio

    3909 Hubbell Ave, Des Moines, IA 50317

    $8,700,000

    108-unit multifamily portfolio with 64% renovated two-bedroom units and approximately 96% current occupancy.

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    66-Unit Apartment Property
    66-Unit Apartment Property

    2221 Stanton Ave, Des Moines, IA 50321

    Contact for pricing
    3.90 AC lot

    Five-building multifamily property with renovated common areas, upgraded building systems, garages, and surface parking.

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    11-Unit Apartment Building
    11-Unit Apartment Building

    4671 Northwest 50th Street, Des Moines, IA 50310

    $675,000

    Well-kept 11-unit apartment building built in 1969 and renovated in 2025 with individual heating and central A/C.

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    Four-Unit Quadplex Near Campus
    Four-Unit Quadplex Near Campus

    1358 22nd Street, Des Moines, IA 50311

    Contact for pricing
    2,009 sqft

    Older multifamily property with separate apartments and renovation needs near Drake University.

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    Brick Duplex with Detached Garage
    Brick Duplex with Detached Garage

    Des Moines, IA 50315

    $320,000

    Two-unit property with one vacant residence and one tenant-occupied unit.

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