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    Des Moines, IA Triplexes for Sale

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    Urbandale, IA Windsor Heights, IA Pleasant Hill, IA West Des Moines, IA Ankeny, IA Clive, IA Altoona, IA Johnston, IA
    6 properties
    Well-Maintained Three-Plex in Des Moines
    Updated: Dec 22, 2025
    Well-Maintained Three-Plex in Des Moines

    1349 E 12 Street, Des Moines, IA 50316

    $220,000
    2,328 sqft 0.17 AC lot
    Well‑maintained three‑plex with one 3‑bedroom unit and two 1‑bedroom units
    Major exterior upgrades completed in 2024: new roofing, siding, and gutters
    Year built 1890
    Tenants are on month‑to‑month contracts (per remarks); Unit 3 rents for $800 plus electric and gas
    Unit 1 rents for $500 plus electric
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    This listing looks promising.

    Here's a quick look at some key insights for

    1349 E 12 Street, Des Moines, IA 50316

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $19K
      Annual

    • Price @ 7% Cap

      $277K
      Above asking

    • Property Type

      Multi-Family Dwellings
      Built 1890
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    Updated Triplex in Des Moines
    Updated: Apr 30
    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 extensive updates to kitchens, bathrooms, flooring, paint, siding, and roof.
    Strong income potential with a 3‑unit configuration: two 2‑bedroom units and one 1‑bedroom unit.
    Ideal for owner‑occupants looking to house hack, with the ability to live in one unit and rent out the others.
    Current rental certificate in place, allowing for immediate income generation.
    Includes a duplex and a separate single‑family home, offering a versatile property layout.
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    Historic 3-Unit Income Property
    Historic 3-Unit Income Property

    672 19th Street, Des Moines, IA 50314

    $149,000
    4,737 sqft 0.17 AC lot

    Historic 3-plex built in the early 1900s, with a newer TPO roof and interior demolition ready for restoration.

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    Triplex with Central Foyer Access
    Triplex with Central Foyer Access

    1047 Martin Luther King Jr Parkway, Des Moines, IA 50314

    $150,000
    2,084 sqft 0.14 AC lot

    Three residential units share a central interior foyer for convenient, efficient access.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Three-Unit Up/Down Triplex
    Three-Unit Up/Down Triplex

    3103 1st Street, Des Moines, IA 50313

    $150,000
    1,343 sqft 0.14 AC lot

    Income-producing up/down triplex with three units, four bedrooms, and three bathrooms.

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    Des Moines Triplex Investment Opportunity
    Des Moines Triplex Investment Opportunity

    1206 39th Street, Des Moines, IA 50311

    $225,000
    1,964 sqft

    Prime rental property near Drake University with renewed rental license.

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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Des Moines, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Three-Unit Residential Income
    Three-Unit Residential Income

    1006 Main St, Anita, IA 50020

    $120,000
    2,181 sqft 0.19 AC lot

    Three separate apartments with individual meters and entrances, currently fully occupied, plus off-street parking and a 2019 roof.

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    Grinnell Triplex with Income Potential
    Grinnell Triplex with Income Potential

    1221 Main Street, Grinnell, IA 50112

    $299,000
    2,891 sqft 0.28 AC lot

    Three-unit property in Grinnell, ideal for investors or owner-occupants.

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    Grinnell Triplex Investment Opportunity
    Grinnell Triplex Investment Opportunity

    1604 5th Avenue, Grinnell, IA 50112

    $133,500
    2,435 sqft 0.35 AC lot

    Triplex near downtown Grinnell and college, great investment potential.

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    Occupied Triplex with Separate Entries
    Occupied Triplex with Separate Entries

    1006 Main St, Anita, IA 50020

    $120,000

    Three fully occupied apartments with separate meters, off-street parking, and independent entrances for tenant convenience.

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    Des Moines, IA Triplexes Market Trends and Statistics

    Explore 6 triplexes for sale in Des Moines, IA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 14,469 square feet of properties for sale, with an estimated market value of $1,169,000.

    Sale prices for three-family homes in Des Moines, IA start at $149,000, averaging $194,833, and reaching up to $275,000 — 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

    Apartment buildings 20
    Duplexes 20
    Triplexes 7
    Quadplexes 5
    Short term rental properties 1

    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
    50311 $180K
    50316 $247.5K

    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

    • 50314
    • 50316
    • 50311
    • 50313

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