Advertise
    Iowa
    Residential Income

    Polk County, IA Residential Income Properties for Sale

    Notify Me
    List
    Map
    Des Moines, IA Cedar Rapids, IA Waterloo, IA Sioux City, IA Dubuque, IA Iowa City, IA Davenport, IA Cedar Falls, IA
    82 properties
    Sort:
    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

    View Property Analytics

    • 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
    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)
    View details
    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.

    View details
    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
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    View details
    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.

    View details
    Turnkey Duplex with Full Basements
    Turnkey Duplex with Full Basements

    410-412 SE Magazine Road, Ankeny, IA 50021

    $350,000
    1,968 sqft 0.25 AC lot

    Carefully maintained duplex features two 2-bedroom units with full basements and updated windows, flooring, and quartz countertops.

    View details
    Renovated Brick 7-Plex
    Renovated Brick 7-Plex

    2447 E Walnut Street, Des Moines, IA 50317

    $395,000
    4,530 sqft 0.26 AC lot

    Brick 7-plex with all seven units recently fully renovated, with deferred electrical and HVAC replacement needs.

    View details
    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.

    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.

    View details
    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.

    View details
    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.

    View details
    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
    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.

    View details
    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.

    View details
    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.

    View details
    Two-Story Duplex with Attached Garage
    Two-Story Duplex with Attached Garage

    4781 172nd Street, Urbandale, IA 50323

    $294,990
    1,767 sqft

    Two-story duplex with 4 bedrooms and 2.5 baths, open-concept living, and an attached 2-car garage.

    View details
    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.

    View details
    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.

    View details
    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.

    View details
    Sherman Hill Multifamily Investment
    Sherman Hill Multifamily Investment

    686 19th Street, Des Moines, IA 50314

    $499,900
    5,692 sqft 0.17 AC lot

    Historic Des Moines multifamily property with immediate returns.

    View details
    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.

    View details
    Renovated 12-Unit Multifamily Property
    Renovated 12-Unit Multifamily Property

    2411 WELBECK RD, Des Moines, IA 50310

    Contact for pricing
    8,784 sqft

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

    View details
    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.

    View details

    Polk County, IA Residential Income Properties Market Trends and Statistics

    Explore 82 residential income properties for sale in Polk County, IA, showcased through 82 active listings on our real estate platform. These investment opportunities span a total of 452,308 square feet of properties for sale, with an estimated market value of $26,399,679.

    Sale prices for residential income properties in Polk County, IA start at $99,000, averaging $463,152, and reaching up to $5,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Popular Categories

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!