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    Des Moines, IA Residential Income Properties for Sale

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    Ranch-Style Multi-Family Residence
    Updated: May 29
    Ranch-Style Multi-Family Residence

    1829 47th Street, Des Moines, IA 50310

    $209,900
    2,136 sqft 0.18 AC lot
    1924 brick ranch home with multiple living areas and basement finished space
    Originally designed as a single‑family home with separate entrances and flexible layout
    Public water and public sewer service available
    Heating: forced air with natural gas
    Cooling: central air
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    This listing looks promising.

    Here's a quick look at some key insights for

    1829 47th Street, Des Moines, IA 50310

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $254K
      Above asking

    • Property Type

      Multi-Family Dwellings
      Built 1924
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    Grand Avenue Multifamily Investment
    Updated: Apr 29
    Grand Avenue Multifamily Investment

    3103 Grand Avenue, Des Moines, IA 50312

    $595,000
    3,967 sqft 0.53 AC lot
    7‑unit multi‑family property located along historic Grand Avenue in Des Moines
    Built in 1913 with brick and wood siding construction
    Public water and public sewer
    Heating includes electric heating and forced air
    Cooling with window unit(s)
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    Side-by-Side Duplex Portfolio
    Side-by-Side Duplex Portfolio

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

    $590,000
    3,499 sqft 0.67 AC lot

    Two side-by-side duplexes offer four 3-bedroom units with finished basements 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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    Renovated 12-Unit Multifamily Property
    Renovated 12-Unit Multifamily Property

    2411 WELBECK RD, Des Moines, IA 50310

    $950,000
    8,784 sqft

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

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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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    Converted Victorian Five-Unit Property
    Converted Victorian Five-Unit Property

    3400 Ravina Drive, Des Moines, IA 50313

    $210,000
    4,067 sqft 0.37 AC lot

    Five-unit multifamily built in 1897 with preserved Victorian character, attached and detached garages, and laundry hookups.

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

    421 College Avenue, Des Moines, IA 50314

    $1,675,000
    10,762 sqft

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

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    Centrally Located Duplex Investment
    Centrally Located Duplex Investment

    1448 8th Street, Des Moines, IA 50314

    $115,000
    2,842 sqft 0.14 AC lot

    Duplex with two separate units, including in-unit laundry for both, sold as-is.

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    Brick Duplex with Two-Car Garage
    Brick Duplex with Two-Car Garage

    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 in-unit laundry and HVAC, plus a two-car tuck-under garage.

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

    2931 Kingman Boulevard, Des Moines, IA 50311

    $385,000
    3,367 sqft 0.26 AC lot

    Five updated units each have metered electrical service and assigned off-street parking.

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    Ranch Duplex with Private Deck
    Ranch Duplex with Private Deck

    1242 Mckinley Avenue, Des Moines, IA 50315

    $229,000
    1,513 sqft 0.20 AC lot

    Updated duplex with two units, four bedrooms total, and separate upper access with a private deck.

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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 Triplex in Des Moines
    Updated Triplex in Des Moines

    900 Morton Avenue, Des Moines, IA 50316

    $275,000
    2,013 sqft 0.15 AC lot

    Turnkey investment property with updated units and cash-flow potential.

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

    3710 56TH ST, Des Moines, IA 50310

    $2,139,000
    23,184 sqft

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

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    Des Moines Multifamily Investment Opportunity
    Des Moines Multifamily Investment Opportunity

    401 Franklin Avenue, Des Moines, IA 50314

    $200,000
    2,381 sqft 0.19 AC lot

    Two-unit property with rental income potential in developing Des Moines area.

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    11-Unit Apartment Building
    11-Unit Apartment Building

    4671 NW 50th St, Des Moines, IA 50310

    $775,000
    5,016 sqft

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

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

    2525 Clarkson Ave, Des Moines, IA 50310

    $2,150,000
    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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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    1319 39th Street, Des Moines, IA 50311

    $319,900
    1,972 sqft 0.16 AC lot

    A two-story home with a separate studio apartment entrance offers flexible rental or in-law living arrangements.

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    Des Moines, IA Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Des Moines, IA, showcased through 64 active listings on our real estate platform. These investment opportunities span a total of 435,793 square feet of properties for sale, with an estimated market value of $55,132,000.

    Sale prices for residential income properties in Des Moines, IA start at $99,000, averaging $950,551, and reaching up to $9,790,000 — 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 68
    Apartment buildings 33
    Duplexes 20
    Triplexes 6
    Quadplexes 5

    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 $583.6K

    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
    • 50314
    • 50310
    • 50311
    • 50312
    • 50313
    • 50316
    • 50309
    • 50317
    • 50322

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