A six-plex in the Drake neighborhood. 1 of the units is being remodeled and the rest are occupied. Proximity to Drake University creates a stable tenant pool of university employees, graduate students, and young professionals. Good walk score and bike score.
2-sty+top-bottom duplex with both units currently occupied with long-term tenants. $1,550 monthly gross income. Unit 1: 2 BR, 1BA rents at $750/mo. Unit 2: 2 BR, 1 BA rents at $800/mo. and has finished attic area of add'l 294sf currently being used as a 3rd BR. Separate meters with tenants paying gas & electric. Owner/landlord pays water, trash, taxes, insurance, misc expenses. New water service line was installed May 2026 from the street to the interior main. Rental certificate is current through October 2028. Property is being sold as-is.
Exceptional investment opportunity in one of Des Moines' most desirable and walkable neighborhoods! This 4-plex at 2905 High Street is ideally positioned just blocks from the thriving Ingersoll Avenue corridor, where tenants can enjoy some of the city's best local restaurants, coffee shops, breweries, and everyday conveniencesall within walking distance.Properties in this location continue to benefit from strong rental demand thanks to the neighborhood's vibrant atmosphere, established character, and quick access to downtown Des Moines, the Western Gateway, and nearby employment centers. The combination of walkability, neighborhood amenities, and a highly sought after location makes this an attractive option for both tenants and investors alike.Whether you're looking to expand your portfolio or acquire a property in a proven rental market, 2905 High Street offers the opportunity to invest in a well located multifamily asset in one of Des Moines' strongest neighborhoods.
Opportunities like this don't come around often. Located in one of Des Moines' most sought-after rental markets, 612 29th Street places tenants in the heart of a neighborhood that people genuinely want to call home. Just minutes from Ingersoll Avenue, residents can walk or bike to local favorites like Harbinger, Zanzibar's Coffee, and Lachele's Fine Foods, while also enjoying nearby shopping, and downtown amenities.Surrounded by historic architecture and mature tree-lined streets, this apartment building offers the kind of character that's increasingly hard to find. The neighborhood's blend of timeless charm, vibrant local businesses, and exceptional walkability continues to attract long term residents and drive strong rental demand.Whether you're adding to an established portfolio or investing in one of Des Moines' most desirable neighborhoods, this is a rare opportunity to own a multifamily property where location, character, and lifestyle come together to create lasting value.
Rare opportunity to own a multifamily property in the heart of one of Des Moines' most iconic neighborhoods. Located just steps from the vibrant Ingersoll Avenue district, this apartment building offers investors a highly desirable location where tenants can enjoy walkable access to popular restaurants, coffee shops, local businesses, and entertainment. Surrounded by historic architecture and mature tree lined streets, the neighborhood blends timeless character with the convenience of urban living. Its strong sense of community, proximity to downtown, and enduring appeal continue to drive tenant demand, making this an excellent addition to any investment portfolio. Whether you're expanding your holdings or acquiring your first multifamily asset, 2901 High Street presents the opportunity to invest in a location known for its charm, walkability, and long-term rental strength.
Attention investors and owner occupants. This updated duplex is a fantastic opportunity to build wealth through real estate while generating rental income. Whether you're looking to add to your investment portfolio or live in one unit and rent the other, this property offers flexibility and long term potential. Both units feature durable luxury vinyl plank flooring throughout with no carpet, creating a clean, modern look that is easy to maintain and appealing to tenants. The functional layouts provide comfortable living spaces that are move in ready, helping you attract renters quickly. One of the standout features is the walk out basement, offering the potential to finish additional living space, create extra storage, or explore future income producing possibilities. The private backyard provides outdoor space that tenants will appreciate and adds to the property's overall appeal. Conveniently located near downtown Des Moines, schools, restaurants, shopping, parks, and major highways, this duplex offers easy access to everything tenants are looking for. With updated finishes, low maintenance flooring, and room to add value, this is an investment opportunity you won't want to miss.
Brick 7-plex where all 7 units have recently completed a full renovation. The neighborhood draws consistent demand from workers at the Iowa State Fairgrounds, nearby manufacturing and logistics employment, and eastside workforce households. The property is within walking distance of Willard Elementary School and has easy access to US-65 and I-235. Property does have deferred capital needs including an electrical upgrade and HVAC replacement and these items are factored into the listing price.
Opportunity knocks with this cash-flowing investment property featuring an up/down duplex and a detached efficiency unit, providing three separate income-producing units on one lot. The property offers a spacious 4-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a detached efficiency unit, all conveniently located near the Iowa State Fairgrounds with easy access to downtown Des Moines. It has a proven rental history and generates cash flow. Major improvements have been completed throughout the property in recent years. In 2024, the west basement wall was professionally sealed and insulated. Updates completed in 2025 include new flooring in Unit 2, a remodeled bathroom with a vent fan in Unit 1, and a refreshed efficiency unit featuring new flooring, a new shower, fresh paint, kitchen improvements, and updated appliances. The sewer line was also repaired from the house to the city main in 2025 and includes a transferable warranty. In 2026, additional improvements included new kitchen ceiling tiles in Unit 1, along with a new roof and water heater for the efficiency unit, helping provide added peace of mind for the next owner. With many major capital improvements already completed, this property offers a strong combination of immediate cash flow and long-term value. Whether you're looking to expand your portfolio or add a high-performing investment to your holdings, this is an opportunity worth a closer look.
Built for cash flow and positioned for long-term upside, this 9-unit apartment building in Des Moines’ historic River Bend neighborhood offers an attractive opportunity for investors seeking immediate income. The property features eight 1-bedroom units and one 2-bedroom unit and is currently fully rented aside from one unit, providing strong in-place occupancy with an opportunity to lease the remaining space. Current performance exceeds the 1% rule, making this a compelling addition to an investment portfolio. Residents enjoy a beautiful courtyard and outdoor common area, while newer concrete work at the entrance adds to the property’s curb appeal and functionality. A 2-car garage and additional basement storage provide further value and operational flexibility. Conveniently located near downtown Des Moines, employment centers, transit, and neighborhood amenities, 1940 Arlington Avenue combines dependable rental income, desirable unit mix, and future potential in an established urban neighborhood.
Great investment opportunity with this centrally located duplex in Des Moines! This property features two units: one 3 bedroom, 1 bath unit and one 2 bedroom, 1 bath unit. Both units are equipped with inunit laundry, offering added convenience for tenants. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers excellent potential. Property is being sold as-is.
Well-Maintained All-Brick Duplex with Detached 2-Car Garage. Major updates include a new roof installed in August 2025 and central air conditioning replaced in 2017. Per the owner, each unit offers approximately 500 square feet of finished lower-level space, providing a comfortable family or recreation area along with additional sleeping room, adding flexibility and functionality.Conveniently located near Madison Elementary, this property offers a desirable location for tenants and makes a great addition to an investment portfolio or a future owner-occupied property.
Investor opportunity within walking distance of Drake University. This turn-key duplex features two occupied units on month-to-month leases, offering immediate cash flow with room for growth. Both the upper and lower units include 2 bedrooms, 1 bathroom, and independent layouts. All appliances stay with the property, including a dedicated washer and dryer setup for each unit. The lower unit features a newer refrigerator, while the upper unit has been updated within the last two years with newer appliances and durable LVP flooring. Each tenant responsible for their own electric. The detached garage electricity is tied to the upper unit meter. Gas and water are landlord expenses. A great addition to a portfolio or a perfect house-hack opportunity close to campus. This property also features a possible assumable VA loan for qualified buyers. Call your agent to schedule a tour.
Investor opportunity or owner-occupant dream, this solid brick multi-family in Des Moines checks all the boxes! The main level features spacious living areas, a functional oak kitchen, multiple bedrooms, and a full bath, all with great natural light throughout. The lower level adds even more potential with additional living space, a laundry area, and room to expand. The oversized attached garage offers serious storage for vehicles, equipment, or a workshop. Outside, a fully fenced yard with mature trees gives tenants the privacy and space they are looking for. With strong bones, a practical layout, and income producing potential, this is the kind of property that works hard for you from day one. Schedule your showing today!
With NINE total bedrooms and 4 bathrooms, this is a turnkey investment opportunity nestled on a nearly half-acre lot on Des Moines' desirable northwest side! Offering an impressive amount of living space, this property combines modern updates with functional layouts and endless possibilities. Recent improvements throughout both units include new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms. The exterior features newer vinyl siding, recent foundation work, separate driveways for each side, and a detached two-car garage. The 2525 side offers 4 bedrooms and 2 bathrooms, along with a versatile upper-level bonus space featuring beautiful hardwood floors - perfect for a playroom, home office, hobby space, or additional living area. The 2527 side includes 5 bedrooms and 2 bathrooms and features a recently updated kitchen. Inside the front entrance, each unit has its own dedicated mudroom closet storage, creating a practical and welcoming entryway. The expansive lot provides plenty of room to enjoy outdoor activities, gardening, or simply the privacy that comes with extra space. Whether you're looking for a multi-generational living arrangement, owner-occupancy with additional income potential, or a one-of-a-kind rental property, this duplex has it all. It's a rare opportunity! All information obtained from seller and public records.
This well-sized 2-bedroom, 1 bath walkout duplex is ideally located just off E McKinley Ave in a desirable South Des Moines neighborhood. Both units are currently rented at $1,200/month, offering immediate income. Tenants are responsible for all utilities-including water, sewer, storm water, gas, and electric, as well as snow removal and lawn care, helping keep expenses low. Conveniently located near shopping, dining, and everyday essentials, just minutes from downtown Des Moines. Recent updates/features include a new roof in 2021, 815 unit water heater replaced in 2022 & New AC and Furnace in 2023. Their is adequate parking and rental certificate is good til Aug 10th, 2027. This property offers strong potential for investors looking to enhance value and maximize returns in a prime location. All information obtained from seller and public records.
If you're looking for a duplex portfolio, this is your chance! 707 & 715 E. McKinley Ave. are located side by side, making management and maintenance much more efficient for an investor. Per the seller, all four units offer 3 bedrooms with additional finished basement sq footage. The combined gross monthly income for both duplexes is $4,893. Tenants are responsible for all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal, helping keep operating expenses low. The owner is responsible for snow removal of the parking areas due to the shared driveways. 715 New furnace & Ac (2023) & 717 water heater replaced (2024). Conveniently located near shopping, dining, and everyday amenities, these properties offer strong rental appeal. Additional features include spacious backyards, walkout basements, and functional floor plans. This investment presents excellent upside potential for investors looking to enhance value and maximize returns. Also available from the same owner are 801, 807 and 815 E. McKinley Ave., creating the opportunity to acquire a larger multifamily portfolio. All information obtained from seller and public records.
Calling All Investors! This duplex is a fantastic opportunity to start your rental portfolio or add two income-producing doors to your existing investments. Conveniently located near a bus line with a short commute to downtown, the property is also close to MacRae Park and Lincoln High School. The main-level unit features two bedrooms, one bath, a full kitchen, and additional storage space in the lower level. This unit also enjoys access to a detached two-car garage. Upstairs, the cozy and efficient one-bedroom unit offers comfortable living with a practical layout. All appliances are included in both units, making the transition easy for the next owner. Major updates provide peace of mind, including low-maintenance siding, a new roof (2025), new furnace (2025), and new central air system (2026), creating a near turnkey investment opportunity. The property has a history of long-term tenants who are currently in good standing. Lovingly maintained by the same family for many years, this income-producing property is ready for its next chapter. Whether you're a first-time investor or looking to expand your portfolio, this is an opportunity you won't want to miss!
If you're looking for a duplex portfolio, this is your chance! 801 & 807 E. McKinley Ave. are located side by side, making management and maintenance much more efficient for an investor. Per the seller, all four units offer 3 bedrooms with additional finished basement sq footage and are located just off E. McKinley Ave in a desirable South Des Moines neighborhood. The combined gross monthly income for both duplexes is $4,830. Tenants are responsible for all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal, helping keep operating expenses low. The owner is responsible for snow removal of the parking areas due to the shared driveways. 803 has new furnace & AC (2022). Conveniently located near shopping, dining, and everyday amenities, these properties offer strong rental appeal. Additional features include spacious backyards, walkout basements, and functional floor plans. This investment presents excellent upside potential for investors looking to enhance value and maximize returns. Also available from the same owner are 707, 715, and 815 E. McKinley Ave., creating the opportunity to acquire a larger multifamily portfolio. All information obtained from seller and public records.
Fantastic investment opportunity on sought-after Kingman Blvd! This well-maintained all-brick triplex features a vacant 2-bedroom main-floor unit, perfect for an owner-occupant or tenant. The upper levels offer a 2-bedroom unit and a 1-bedroom unit, providing excellent income potential. Shared laundry and basement storage add convenience, and the City of Des Moines rental certificate is valid through January 2027. Prime location close to downtown, shopping, dining, and public transportation. Whether you're expanding your portfolio or looking to house hack in a premier location, this Kingman Boulevard triplex is a must-see.
A converted Victorian single-family with original detail intact throughout. Now a five-unit investment property in Des Moines' Oak Park neighborhood, 4,067 sq ft on .37 acres. Built in 1897 with original Victorian detail throughout - ornate staircase, original millwork, stained glass, and fireplace with intact surround. Two units appear to have been updated with newer kitchens and flooring. The remaining units need substantial work - walls, flooring, kitchens and baths. Priced to reflect condition. Two attached garage spaces and two detached. Laundry hookups on main floor and in basement. Seven utility meters. Bank owned and selling in AS IS condition. Cash or conventional financing appropriate to condition of home. Call your agent to schedule a showing.
Investor opportunity featuring a duplex and single-family home situated on one parcel in South Des Moines. The front bungalow offers updated flooring, neutral paint tones, abundant natural light, two bedrooms, an updated full bathroom, functional kitchen space, basement storage, and detached garage access. The additional residence on the property provides added flexibility and income potential, making this a great option for investors or owner-occupants looking to offset expenses. Conveniently located near parks, schools, shopping, dining, downtown Des Moines, and major commuter routes. Property offers versatility, functionality, and strong investment potential in an established neighborhood.
Rare investment opportunity grossing $4,140 per month in the highly desirable Kingman neighborhood of Des Moines. A 5 unit property with assigned off street parking for each unit. Additionally there is a detached car garage for further potential rental income. The units have been well updated, including 200 amp service metered to each unit, fresh paint, carpet, and the majority of the hardwood flooring being refinished. Current rental rates are: Unit 1 (occupied 8/01) $1200. Unit 2 (occupied) $815 Unit 3 (Occupied) $695. Unit 4 (occupied) $835. Unit 5 (occupied) $595. This is a perfect combination of a well maintained and highly marketable rental property that still has room for future revenue enhancing improvements.
Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.
Investor Special, Value-Add Opportunity Near Downtown Des Moines! 1430 8th St is a 6-unit multifamily property now fully vacant and cleared, offering a rare opportunity for investors to renovate and reposition for maximum returns. Previously configured as six 1-bedroom units, this property is ready for updates and lease-up. Located just minutes from downtown with convenient access to shopping, dining, and major employers, this area supports strong rental demand. Separate utilities already in place add to the investment appeal. Ideal for fix-and-hold for portfolio expansion. Opportunities like this fully vacant and ready for improvements are hard to find. Contact for details and potential rental projections.
Great opportunity to own a fully updated 3-unit property featuring a duplex plus a separate single-family home—ideal for investors or owner-occupants looking to house hack. The property includes two 2-bedroom units and one 1-bedroom unit, offering a strong unit mix with great rental appeal. All units have been extensively updated, including kitchens, bathrooms, flooring, paint, siding, and roof—making this a truly turnkey investment. Live in one unit while the others help offset your mortgage, or add a solid, income-producing property to your portfolio. A current rental certificate is already in place, so you can start generating income right away. Don’t miss this opportunity to own a versatile, updated multi-family property with excellent cash-flow potential!
Des Moines is located in Iowa. Des Moines, Iowa has a population of 213,545. Des Moines is less family-centric than the surrounding county with 28.89% of the households containing married families with children. The county average for households married with children is 34.53%.
The median household income in Des Moines, Iowa is $58,444. The median household income for the surrounding county is $73,015 compared to the national median of $69,021. The median age of people living in Des Moines is 34.2 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 35.9 inches per year, with 32.9 inches of snow per year.
