INVESTMENT OPPORTUNITY! Unique income-producing package featuring four addresses across two parcels, offering a mix of residential, office, and rental space. All four addresses currently have tenants in place, providing an opportunity for an investor to acquire an established multi-property rental package. The package includes a single-family residence at 2618 E 9th St. office space at 2620 E 9th, and a two-story building addressed as 2622 E 9th and 831 Morton Ave. The two-story building features one rental unit on the main level and one rental unit on the upper level. The combination of residential, office, and multi-unit space provides a diverse mix of uses within one investment package. All four addresses are being sold together and will not be sold individually. Utilities: 2618 E 9th St. is tenant-paid for all utilities. At the other three properties, tenants pay their own utilities; owner pays electric and water for common areas. Buyer to verify all information, including rental terms, leases, expenses, zoning, and property details.
There is a 6th unit that can be added to the property. There is a door and framing up for the new unit, but some work is required to get the unit finished and certified. We are marketing the property as a 5-plex with the ability to add a 6th unit. The 2-car detached garage sits on the west side of the property and is currently being used for landlord storage. A new owner could clear out the storage and allow tenant vehicles to park in it.
Investor special in Des Moines! Duplex opportunity at 3509 & 3511 priced to move and ready for your value-add strategy. Whether you're looking to renovate, reposition, or expand your rental portfolio, this property offers strong upside potential. Each unit features a functional layout with solid bones — ideal for investors looking to add value through updates and improvements. Separate units provide multiple income streams and flexibility. Located in a high-demand rental area with convenient access to major employers, shopping, and transportation. With the right vision, this duplex offers excellent potential for long-term performance. Thoughtful repairs to foundation and plumbing have been made to ensure a smooth and comfortable move in.
Investors! Looking for your next project? This unique parcel features two properties with significant renovation and investment potential. 2312 Forest Ave is a block commercial building offering approximately 1,144 sq. ft. of finished space, ideal for a retail storefront, office, or other commercial use. The upper level includes two 2-bedroom apartments, both taken down to the studs and ready for a complete remodel. 1370 23rd St. is a historic Victorian home that has been fully gutted and is ready for renovation. With approximately 4,124 sq. ft., the property was previously configured as seven apartments, offering the potential for a substantial redevelopment opportunity. With both properties already opened up for renovation, this parcel presents an opportunity for investors looking to rehab, reposition, and add value. Value-Add Investment Opportunity — Two Properties on One Parcel. Permits ready to be pulled.
Investors, here’s an opportunity to add two more doors to your portfolio! This tenant-occupied Des Moines duplex offers immediate income with additional potential for future rental growth. The ranch-style property features two units, each with its own kitchen and living space, along with off-street parking and a large 0.55-acre lot. Major property features include a brick exterior, central air, gas forced-air heat, city water and sewer. Located just off Hubbell Ave with convenient access to shopping, dining, employment and other Des Moines amenities. Priced at $240,000—just $120,000 per door. For investors looking to scale further, 3906–3908 E 38th St is also available nearby, creating an opportunity to acquire four doors in the same immediate area. Purchase this property individually or combine it with additional available duplexes to expand your Des Moines rental portfolio.
We have left one unit #3 intentionally vacant at the property for initial showings. If a buyer or their agent wishes to see additional units, we will need to be provided with a minimum of 24 hours ' notice to access additional occupied units for showing purposes.
Investment opportunity meets easy living! This spacious split-foyer bi-attached home offers 1,000+ finished square feet across two levels and a layout with great potential for a rental or owner-occupant. The main level features a generous kitchen with plenty of room to gather and sliding doors leading to the patio. Enjoy a nice backyard with a newer privacy fence, good-sized bedrooms, newer roof/siding and convenient main-level living spaces. Appliances stay, including the stove, refrigerator, dishwasher, washer, and dryer. Located on Des Moines’ South Side with easy access to shopping, dining, and everyday conveniences. A great opportunity to add to your rental portfolio or make it your own!
Invest in this versatile Highland Park duplex, perfect for an owner-occupant or an investor. Each unit features one bedroom and one bathroom, and the property comes with a rental certificate issued this year. Located near schools, and bus routes, it also includes off-street parking. With one unit currently occupied and the other vacant, it's move in or rental ready.
INVESTMENT OPPORTUNITY! Whether you're looking to grow your real estate portfolio or take the first step toward building one, this 2-bedroom, 1-bathroom duplex offers an exciting opportunity! Each unit features a comfortable layout flowing from the living area into the dining space and kitchen, complete with a convenient pantry for additional storage. Step outside to enjoy a quiet backyard—an inviting bonus for residents and a great feature for attracting tenants. Conveniently located with quick access to the interstate, making commuting and getting around a breeze. Add this versatile property to your investment strategy and start building toward your real estate goals!
INVESTMENT OPPORTUNITY! Whether you're looking to grow your real estate portfolio or take the first step toward building one, this 2-bedroom, 1-bathroom duplex offers an exciting opportunity! Each unit features a comfortable layout flowing from the living area into the dining space and kitchen, complete with a convenient pantry for additional storage. Step outside to enjoy a quiet backyard—an inviting bonus for residents and a great feature for attracting tenants. Conveniently located with quick access to the interstate, making commuting and getting around a breeze. Add this versatile property to your investment strategy and start building toward your real estate goals!
INVESTMENT OPPORTUNITY! Whether you're looking to grow your real estate portfolio or take the first step toward building one, this 2-bedroom, 1-bathroom duplex offers an exciting opportunity! Each unit features a comfortable layout flowing from the living area into the dining space and kitchen, complete with a convenient pantry for additional storage. Step outside to enjoy a quiet backyard—an inviting bonus for residents and a great feature for attracting tenants. Conveniently located with quick access to the interstate, making commuting and getting around a breeze. Add this versatile property to your investment strategy and start building toward your real estate goals!
Investment opportunity! Looking for a solid real estate investment in Des Moines? Take a look at this 4plex in a prime location. 2 units are 2 bed, 1 bath. 2 units are 1 bed 1 bath. Gross income before expenses is $49,800/year. Walking distance to Drake college! Perfect for investors looking to add to their portfolio. Also, would make a great house hack investment. Buy and occupy for just about 3-5 percent down. Call me for a showing! All information obtained from seller and public record.
Purchase or invest in this 3-unit property near Ingersoll with two 1-bedroom units and one efficiency/studio. The owner unit is included in the sale fully furnished and has 1 bedroom plus a nonconforming office/bonus room. Approx. 1,993 sq ft with updated kitchens and baths, laundry, off-street parking, gas boiler heat, window A/C units (no central cooling), and deck. City rental certificate valid through 4/30/28.
Investor opportunity near Drake University! This 4-unit property offers two 1-bedroom apartments and two efficiency units, all currently vacant and ready for a new owner to lease, improve, and manage their way. The property is functional and rentable as-is, with opportunity to increase value through updates and stronger rent performance over time. Tenants pay their own utilities with the owner responsible for water only. No garage. Convenient location near Drake, downtown Des Moines, shopping, dinning, transit, and major commuting routes. Weather you are looking to add doors to your portfolio or take on a value-add multifamily project, this property offers a compelling entry point at $190,000.
Great opportunity to add a duplex to your investment portfolio! This property features two 2-bedroom, 1-bath units, each offering a functional layout with comfortable living space, kitchen/dining area and separate entrances. Interior updates can be seen throughout portions of the property, including LVP-style flooring, updated cabinetry and bathroom finishes. Outside, you'll find off-street parking, a fenced yard and upper deck/lower patio areas providing additional outdoor space for each unit. This property is being sold as part of a package and must be purchased together with 900 Morton Ave, Des Moines. Seller will not sell separately. A great opportunity for an investor looking to acquire multiple units in one transaction.
Turnkey duplex in Des Moines' River Bend Historic District generating $2,750/month in combined rental income. The first-floor 4-bedroom, 1-bathroom unit rents for $1,550/month and is month-to-month, while the second-floor 3-bedroom, 1-bathroom unit rents for $1,200/month and is on a 6-month lease. The second-floor unit also received a brand new furnace within the past year. With 2,504 square feet across both units, there's plenty of room to spread out, plus both units have laundry rooms and hook ups as an added tenet benefit. Water is owner-paid, while gas and electric are separately metered and tenant-paid. Average gas and electric costs are approximately $186/month for Unit 1 and $149/month for Unit 2. A 2-car detached garage provides additional storage and potential for extra income, all situated on a 0.2-acre lot in the historic River Bend neighborhood.
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.
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.
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.
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.
