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    Des Moines, IA Sioux City, IA Cedar Rapids, IA Waterloo, IA Dubuque, IA Iowa City, IA Ankeny, IA Cedar Falls, 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 6 Potential Opportunities for your consideration. Besides 6 Active listings in Polk County, IA, we suggest exploring several alternatives:

    Polk County, IA Triplexes Market Trends and Statistics

    Explore 6 triplexes for sale in Polk County, 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 Polk County, 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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