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    2036-2044 Capitol Ave Des Moines, IA 50317

    • Residential income homes
    • 2,043 SF
    For Sale
    View listing
    $360,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 2036-2044 Capitol Ave

    Year built
    1912
    Property size
    2,043 SF
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of three single-family homes located side-by-side at 2036-2044 Capitol Avenue in Des Moines, Iowa, within Polk County, zip code 50317. Built between 1912 and 1915, this portfolio boasts a total of 2,043 square feet of net rentable space, priced at $176.21 per square foot. The asking price for the entire portfolio is $360,000. Each unit is a 2-bedroom, 1-bathroom home. Currently, the properties generate substantial rental income: 2036 Capitol Avenue is rented at $1025 per month

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5806
    Latitude
    41.5946

    Comparable in this City

    • Value Estimation
      $110,000
      7,057 SF

      2453 Grand Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,057 SF
      2453 Grand Ave, Des Moines, IA 50317
      View Details
    • Value Estimation by Request
      3,124 SF

      1313 23rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,124 SF
      1313 23rd St, Des Moines, IA 50317-6400
      View Details
    • Value Estimation by Request
      29,314 SF

      2571 Guthrie Ave

      APARTMENT HOUSE (5+ UNITS) • 29,314 SF
      2571 Guthrie Ave, Des Moines, IA 50317-3080
      View Details
    • Value Estimation by Request
      2,064 SF

      Des Moines, IA 50317

      MOBILE HOME PARK, TRAILER PARK • 2,064 SF
      Des Moines, IA 50317
      View Details
    • Value Estimation
      $450,000
      76,524 SF

      3330 25th St

      APARTMENT HOUSE (100+ UNITS) • 76,524 SF
      3330 25th St, Des Moines, IA 50317-3600
      View Details
    • Value Estimation
      $335,000
      10,864 SF

      4605 Hubbell Ave

      APARTMENT HOUSE (5+ UNITS) • 10,864 SF
      4605 Hubbell Ave, Des Moines, IA 50317-4778
      View Details

    Similar Nearby for Sale

    • $360,000
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      Des Moines 3-Unit Rental Portfolio

      Three side-by-side Des Moines rentals, strong cash flow.
      2036-2044 Capitol Ave, Des Moines, IA 50317
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    • $225,000
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      Des Moines Six-Plex Investment Opportunity

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      Mixed-Use Property Near Downtown

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      Des Moines Residential Development Land

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    • $81,000
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      Residential Land in Des Moines

      Land for new home construction with tax abatement in Des Moines.
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    Similar Nearby for Lease

    • $4 SF/Yr
      130,078 SF

      Des Moines Warehouse Space Available

      130,078 SF Warehouse, Des Moines, IA
      2425 Hubbell Ave, Des Moines, IA 50317
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    • $9 SF/Yr
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      Retail/warehouse space with outdoor storage, near major highways.
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      Modern Des Moines warehouse space available.
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    • $8 SF/Yr
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      Des Moines Industrial Opportunity

      25,060 SF industrial space on 7.99 acres.
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      263,500 SF

      Adaptable Des Moines Industrial Space

      Flexible industrial park with customizable options for manufacturing operations.
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    • $8 SF/Yr
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      Retail property with direct access to I-235 and ample parking.
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      View Details
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    Des Moines, IA 50317
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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