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    Ankeny, IA
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    Ankeny, IA Residential Income Properties for Sale

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    32-Unit Multifamily Community in Ankeny, Iowa
    Updated: Mar 25
    32-Unit Multifamily Community in Ankeny, Iowa

    218 Northwest State Street, Ankeny, IA 50023

    $2,395,000
    25,600 sqft
    Located in Ankeny, Iowa, a rapidly growing suburb of Des Moines.
    Well‑maintained 32‑unit multifamily community.
    All units are 2‑bedroom, 1‑bath floor plans.
    Convenient access to Ankeny Centennial High School, Prairie Ridge Sports Complex, John Deere Des Moines Works, and various retail, dining, and recreational amenities.
    Four buildings with a total rentable area of 25,600 SF.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    218 Northwest State Street, Ankeny, IA, 50023

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $199K
      Annual

    • Price @ 7% Cap

      $2.84M
      Above asking

    • Last Sold

      Dec 2011
      $246K

    • Property Type

      Apartments (Generic)
      Built 1972
    View Property Analytics
    Turnkey Duplex with Full Basements
    Updated: Jul 8
    Turnkey Duplex with Full Basements

    410-412 SE Magazine Road, Ankeny, IA 50021

    $350,000
    1,968 sqft 0.25 AC lot
    1975‑built duplex with 2 units, each offering 2 bedrooms and 1.5 bathrooms
    Recent updates include replacement windows, luxury vinyl plank flooring, and quartz countertops
    Full basement provides added storage and potential for future use
    Utilities: public water and public sewer; heating is forced air with natural gas
    Central air cooling and shingle/asphalt roof
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    Duplex with Private Driveways
    Duplex with Private Driveways

    1517-1519 NW 2nd Street, Ankeny, IA 50023

    $310,000
    952 sqft 0.25 AC lot

    Split-level duplex in Ankeny with two 2-bedroom units, each with private driveway and storage shed.

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    Residential Income Duplex For Sale
    Residential Income Duplex For Sale

    309 SE Grant Street, Ankeny, IA 50021

    $299,999
    1,554 sqft 0.20 AC lot

    Duplex-style residential income property for sale in Ankeny, IA, totaling 1,554 square feet.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Trilein Village Apartments For Sale
    Trilein Village Apartments For Sale

    317 Northeast Trilein Drive, Ankeny, IA 50021

    Contact for pricing

    54-unit apartment community in Ankeny, Iowa.

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    Mixed-Use Development with Flex Buildings
    Mixed-Use Development with Flex Buildings

    7040 NE 14th St, Ankeny, IA 50023

    Contact for pricing
    12,486 sqft

    A 2019-built mixed-use development with street-level retail/office, apartments above, and two flex buildings.

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    Retail, Multifamily, Office, Mixed Use
    Retail, Multifamily, Office, Mixed Use

    7040 NE 14th St, Ankeny, IA 50023

    Contact for pricing
    6,358 sqft 1.44 AC lot

    Mixed-use properties · 6,358 SF

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Ankeny, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    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.

    View details
    Converted Victorian Five-Unit Property
    Converted Victorian Five-Unit Property

    3400 Ravina Drive, Des Moines, IA 50313

    $200,000
    4,067 sqft 0.37 AC lot

    Five-unit investment property with preserved Victorian details, attached and detached garages, and seven utility meters.

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    Two-Unit Duplex with Tuck-Under Garage
    Two-Unit Duplex with Tuck-Under Garage

    2806 Aurora Avenue, Des Moines, IA 50310

    $200,000
    1,569 sqft 0.25 AC lot

    Brick duplex with two separately metered units, each with its own furnace, central air, and laundry, plus a fenced backyard.

    View details
    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.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ankeny Acreage for Custom Home
    Ankeny Acreage for Custom Home

    1260 NE 72nd Avenue, Ankeny, IA 50023

    $299,000
    1.94 AC lot

    1.94-acre lot in Ankeny, ideal for building a custom home.

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    Residential Lot in Prairie Trail
    Residential Lot in Prairie Trail

    212 SW 18th Street, Ankeny, IA 50023

    $95,000
    0.25 AC lot

    Residential lot in Ankeny, close to parks and schools.

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    Land in Pine Lake Estates
    Land in Pine Lake Estates

    1902 NE Pine Lake Circle, Ankeny, IA 50021

    $220,000
    0.52 AC lot

    Residential land in Ankeny, Iowa, with lake access and mature trees.

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    Land in Pine Lake Estates
    Land in Pine Lake Estates

    1909 NE Frisk Drive, Ankeny, IA 50021

    $220,000
    0.56 AC lot

    Residential land in a family-focused luxury community with mature trees.

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    Off-Market Properties in Ankeny, IA

    Consider similar Off-Market properties in Ankeny, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    719 3rd St
    APARTMENT HOUSE (5+ UNITS)

    719 3rd St, Ankeny, IA 50023-2692

    Value Estimation by Request
    32,514 sqft 0.97 AC lot
    View details
    1114 Belmont Dr
    APARTMENT HOUSE (5+ UNITS)

    1114 Belmont Dr, Ankeny, IA 50021-3581

    $1,320,000
    Estimated value
    10,848 sqft 0.54 AC lot
    View details
    114 State St
    APARTMENT HOUSE (5+ UNITS)

    114 State St, Ankeny, IA 50023-2372

    $2,265,000
    Estimated value
    8,704 sqft 0.71 AC lot
    View details
    117 College Ave
    APARTMENT HOUSE (5+ UNITS)

    117 College Ave, Ankeny, IA 50023-2129

    $1,040,000
    Estimated value
    5,600 sqft 0.49 AC lot
    View details
    1102 Belmont Dr
    APARTMENT HOUSE (5+ UNITS)

    1102 Belmont Dr, Ankeny, IA 50021-3579

    $965,000
    Estimated value
    7,488 sqft 1.01 AC lot
    View details
    1602 Pne Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    1602 Pne Rd, Ankeny, IA 50023-1251

    $2,585,000
    Estimated value
    3,372 sqft 0.67 AC lot
    View details
    1002 Belmont Dr
    APARTMENT HOUSE (5+ UNITS)

    1002 Belmont Dr, Ankeny, IA 50021-3570

    $2,985,000
    Estimated value
    20,883 sqft 2.43 AC lot
    View details
    202 College Ave
    APARTMENT HOUSE (5+ UNITS)

    202 College Ave, Ankeny, IA 50023-2136

    $765,000
    Estimated value
    4,352 sqft 0.49 AC lot
    View details
    213 College Ave
    APARTMENT HOUSE (5+ UNITS)

    213 College Ave, Ankeny, IA 50023-2133

    Value Estimation by Request
    4,352 sqft 0.49 AC lot
    View details
    210 State St
    APARTMENT HOUSE (5+ UNITS)

    210 State St, Ankeny, IA 50023-2538

    Value Estimation by Request
    4,608 sqft 1.31 AC lot
    View details
    2022 Hickory Ln
    APARTMENT HOUSE (5+ UNITS)

    2022 Hickory Ln, Ankeny, IA 50023-1225

    $505,000
    Estimated value
    6,784 sqft 0.18 AC lot
    View details
    1713 Pne Rd
    APARTMENT HOUSE (5+ UNITS)

    1713 Pne Rd, Ankeny, IA 50023-1241

    $3,745,000
    Estimated value
    45,504 sqft 3.17 AC lot
    View details
    2101 1st St
    APARTMENT HOUSE (5+ UNITS)

    2101 1st St, Ankeny, IA 50023-2461

    $845,000
    Estimated value
    8,640 sqft 2.10 AC lot
    View details
    201 Linden St
    APARTMENT HOUSE (5+ UNITS)

    201 Linden St, Ankeny, IA 50023-2476

    $1,955,000
    Estimated value
    5,120 sqft 1.97 AC lot
    View details
    214 Chapel Dr
    APARTMENT HOUSE (5+ UNITS)

    214 Chapel Dr, Ankeny, IA 50023-2259

    $995,000
    Estimated value
    10,240 sqft 0.88 AC lot
    View details
    301 Delaware Ave
    APARTMENT HOUSE (5+ UNITS)

    301 Delaware Ave, Ankeny, IA 50021-6644

    $9,750,000
    Estimated value
    16,176 sqft 8.24 AC lot
    View details
    105 College Ave
    APARTMENT HOUSE (5+ UNITS)

    105 College Ave, Ankeny, IA 50023-2124

    $505,000
    Estimated value
    4,352 sqft 0.49 AC lot
    View details

    Ankeny, IA Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Ankeny, IA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 48,918 square feet of properties for sale, with an estimated market value of $3,354,999.

    Sale prices for residential income properties in Ankeny, IA start at $299,999, averaging $838,749, and reaching up to $2,395,000 — 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

    Multifamily properties 12
    Apartment buildings 8
    Duplexes 3

    Demographics Overview

    Population 75K
    Population Growth (5Y) +16.3%
    Median Household Income $107,944
    College Educated 69.6%

    High-Yield Neighborhoods for Investment

    Identify Ankeny submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50021 $188.6K
    50023 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 2.32%
    Property Tax per SF $23.64 per SF
    Tax Rate vs County Average 0.13 pp below 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 Ankeny fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Ankeny, IA

    • 50023
    • 50021

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