Welcome to this charming duplex located in the heart of Des Moines! This well-maintained property offers a unique opportunity for both investors and homeowners. Each unit features spacious living areas, perfect for comfortable living and entertaining. 24 hour notice required for tenants. With two bedrooms and one bathroom in each one unit and 1 bed one bath in the other, there?s ample space for tenants or family. Enjoy the large backyard, ideal for outdoor gatherings and relaxation, complete with mature trees providing shade and privacy. Located in a friendly neighborhood, this duplex is conveniently close to parks, schools, and local amenities. Upstairs rent 500(the renter has been there for over 10 years and he helps mow and remove snow} and downstairs 975. Don't miss your opportunity to own this fantastic investment property or live in one unit while renting the other! All information obtained from seller and public records.
Solid, well-maintained duplex that checks the boxes for investors and owner-occupants alike. One unit is vacant and freshly updated with new paint, carpet, and countertops, making it move-in ready for an owner-occupant, a new long-term tenant, or even a short-term rental setup. The second unit is occupied by a long-term tenant, providing built-in stability and immediate income. Each unit offers 2 bedrooms, 1 full bath, spacious living areas, and a full basement with excellent storage and future finishing potential. Separate utilities simplify ownership and management, and an active rental certificate is already in place. Whether you are looking to house hack, expand your rental portfolio, or live in one unit while the other helps cover the mortgage, this duplex offers flexibility, steady income, and long-term upside. A great opportunity in a proven, income-producing property.
Looking for a smart investment in a neighborhood that keeps getting better? This two-story home has been converted into a duplex in the heart of the growing Drake University area—offering flexibility whether you’re an owner-occupant or a long-term investor. Live in one unit and let the other help offset your mortgage, or keep both units rented and enjoy steady cash flow from day one. Both units feature 2 bedrooms and 1 bathroom and currently rent for $730 each. Tenants pay their own electric bill, while water and gas is paid by the landlord. The rental certificate will be provided upon request. Opportunities like this don’t hang around long—especially at this price point. Schedule your showing before someone else does.
Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors or someone looking for a place to live while supplementing their income. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus room. The basement provides ample extra storage space for tenant convenience, plus a shared washer and dryer. The upper-level is a 1 bed, 1 bath unit with a large living room area. Upper unit is also occupied, but tenant is moving out the end of January and unit will remain vacant. The upper unit was recently updated with new paint, stove, and flooring. City of Des Moines rental certificate is good through August 23, 2027. Both units are equipped with newer separate water heaters and furnaces. Located close to amenities and transportation, this property offers incredible potential for passive income or multi-generational living. Don't miss your chance to own this fantastic investment property in a prime Des Moines location.
These are 2 purpose built historic 4 plexes in the coveted Waterbury Neighborhood. These 8 units have curb appeal from both Ingersoll Avenue and Polk Boulevard. Both were built in 1916 by the same architect but differ significantly in exterior style and interior character.
Now is your opportunity to own a truly unique historic property with strong cash flow potential. Once serving as a fire station and believed to have housed the Southside Library, this mixed-use building offers both character and income—ideal for an owner-occupant or investor. The ground-level commercial space features excellent storefront visibility along a high-traffic corridor with over 17,000 vehicles per day. The layout allows for one larger business or two separate commercial spaces. Current tenants include a thrift shop and a bail bondsman. Upstairs, you’ll find two spacious 2-bedroom, 1-bath apartments, each offering large living rooms and open kitchens. Stove and refrigerator are included in both units. Recent updates provide peace of mind, including a new roof (2019) and three new furnaces and three new central air units installed in 2025 by Dorian Heating & Cooling. The property features separate gas and electric meters, private tenant parking, a current rental certificate, and is fully leased. Additional upside may be available through future improvement grants from Friends of SW 9th or NFC. Call today to schedule your private showing.
Rare opportunity offering 3,624 total square feet across three distinct units on nearly a full acre, substantially larger than comparable properties and ideal for house-hacking or a live-work setup. The primary residence features three bedrooms, two full bathrooms, first-floor laundry, and two-car garage. Residential units have new flooring throughout and fresh paint, providing a clean, move-in-ready foundation. Adjacent to the main home is a dedicated office unit with a reception area, two private offices, a half bathroom, and a kitchenette, offering excellent flexibility for professional or future income use. The third unit includes two bedrooms, one bathroom, and a one-car garage, creating an additional residential rental opportunity. Live in one unit while renting the others, or operate a business on site while maintaining residential income. The office has historically been zoned for a doctor’s office for nearly 45 years with bi-annual inspections. Buyer to verify current zoning and work with the city to reestablish appropriate zoning if desired. Seller makes no guarantees regarding zoning or permitted uses. This is an as-is estate sale requiring court approval on offers, and is priced almost $100K under county assessed value. No additional repairs or improvements will be made by the seller. All appliances remain with the property. A unique offering with exceptional size, flexibility, and long-term investment potential.
Turnkey duplex offering strong cash from from day one! Unit A features 2 bedrooms and 1 full bath, while unit B offers 4 bedrooms and 2 baths - ideal for maximizing rental income. Both units are spacious and well-maintained, making this a perfect addition to any investor's portfolio. Recent updates include a newer roof and siding, reducing future maintenance costs. Tenants enjoy off-street parking and a 2-car garage for added convenience. Whether you're looking to house hack or expand your rental holdings, this property delivers reliable income and long-term potential. Don't miss this opportunity to own a high-performing asset!
Duplex is being sold along with duplex next door as a package deal. (See 1312 22nd Street). All information obtained from seller and public records.
Duplex is being sold along with 9 unit building next door as a package deal. (See 1314 22nd Street). All information obtained from seller and public records.
Well-maintained three-plex featuring one spacious 3-bedroom unit and two 1-bedroom units—ideal for owner-occupants or investors. Major exterior upgrades completed in 2024 include new roofing, siding and gutters, Offering peace of mind and reduced maintenance. Strong rental potential with a versatile unit mix. Great opportunity to add a solid, updated multi-family property to your portfolio. Tenants are on a month to month contract unit 3 rents for $800 plus electric and gas. Unit 1 $500 plus electric. Unit 2 does not have rental certificate currently.
The KataLYST Team by KW Commercial is proud to exclusively present 811 16th St. in Des Moines, IA; a well-maintained, historic property in the highly sought-after Sherman Hill neighborhood. Featuring timeless charm with real hardwood floors, original built-ins, and solid craftsmanship, this asset offers both aesthetic appeal and strong fundamentals. Currently operating at a true 5.01% cap rate, the property presents a compelling value-add opportunity with projected rental upside of 10.2% as market rents continue to strengthen. Ideal for investors looking for a stable return with long-term growth potential.
Great investor opportunity! This historic Sherman Hill property was built as a 3-plex in the early1900s. Each floor had a 1,400 sf, two bedroom apartment with a formal dining room, large living room and sunroom. Some original tile and hardwood flooring remain in the building and could be restored. The original fire boxes and chimney remain in the building. The main building has a newer commercial TPO roof, installed by the previous owner, and the interior of the building is mostly demolished, ready for restoration. The back addition has some fire damage and needs repair. Seller can complete repairs prior to close, if requested. The property is eligible for state historic tax credits up to 45%. Contact your realtor to ask about historic tax credit details. The property will also qualify for 10 year tax abatement on all improvements. Floorplan drawings for3 bedroom layout available upon request. This building has tons of potential and is in a great location. Convenient to downtown, parks, Ingersoll, Gateway, restaurants, breweries, and Hoyt Sherman Place. Contact a realtor and set a time to stop by and check this opportunity out!
This is a midcentury build with character on the southern edge of the Highland Park neighborhood. The property includes 3 apartments up with a 4 car garage on the ground floor. A freight elevator is accessible from the garage and serves 3 total floors. The lower level features 1,600 sf of office/retail. The building was formerly a Jewelers with onsite living quarters. A technically advanced and high dollar jewelry safe is included in the sale. Many building updates have occurred in recent months, most notably roof replacement.
Duplex in great Beaverdale neighborhood with 2bed 1 bath per side. Rents total $2,200. Electric and gas tenant paid. Water Landlord. Updated roof. Washer and dryer in each unit.
This is a built in 1922 beautifully maintained purpose built duplex. It has been updated for efficiency and modern comfort while maintaining it's historic charm. The hardwood floors have been impeccably kept. The owner is putting the finishing touches on a few cosmetic items. We've listed slightly early to beat the cold. It shows very well regardless and will show better still prior to taking possession.
Great unit for sale right next to Drake. This 4-plex features 2, 2 bed/1 bath units and 2 1 bed/1 bath units. Tenants pay gas and electric, landlord pays water. Each unit has its own furnace. One unit has central A/C, the other 3 have window A/C. New water line and sewer line. Some units have new LVP, fresh paint and new toilets. All information obtained from seller and public records.
This 6-unit multi-family property is income-producing. All units are rented and monthly rents total $3850/mo. Room for rent increases. Large basement for landlord storage. Huge parking lot. See agent notes for link to proforma info.
Well-kept Craftsman duplex in Highland Park- perfect for investors or seeking a low-maintenance property with strong fundamentals. Each unit is separately metered for gas and electric and includes one garage space. The home features new plumbing throughout, a dry basement with recent tuckpointing and laundry that can be shared or split between tenants. Hardwood floors lie beneath the LVP and carpet, offering long-term durability and character. Excellent opportunity in a stable, high-demand rental area. Fully occupied and an excellent opportunity in a stable, high-demand rental area.
This ranch-style duplex is an excellent investment opportunity, ready to generate cash flow with separate meters for each unit. Each unit features 2 bedrooms, 1 bathroom, and a laundry room complete with washer and dryer included. Both units offer an attached 1-car garage and share a large fenced in yard, providing space and privacy for tenants. This property is perfect for investors looking for a turnkey, income producing asset.
Great opportunity to invest in this Muti-use building 4 large units with three bedrooms each! The two units in the first level are vacant and contain 3 Beds, 2 bathrooms and Central air. The two apartments in the second level are occupied, rent is charged at $1400 type of leasing agreement is month to month. Rental certificate has been approved by the City of Des Moines for the two apartments that are occupied.
$2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2 years. This property is in a high-demand rental area, with proximity to local amenities, schools, and public transportation. Whether you're looking to add to your existing investment cash flowing portfolio or step into the Des Moines rental market for the first time, this location offers excellent cash flow potential with minimal maintenance concerns due to recent updates. (Neighboring property 3903 University is also for sale, would consider a discount if sold together)
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.
