This well-sized 3-bedroom, 1-bath walkout duplex is ideally located just off 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 along SE 14th St, with easy access to Gray's Lake Park and Water Works Park, and just minutes from downtown Des Moines. Recent updates include a new roof in 2020 and water heaters replaced in 2023 and 2012. Additional features include a basement toilet in unit 1024, a spacious backyard, and a functional layout. 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.
BRAND NEW RENTAL CERTIFICATE good through 2028! Gross rent $4,935 - Fully occupied 6-plex in the heart of Sherman Hill with separate gas and electric meters for each unit. Property features a mix of unit layouts, multiple kitchens and baths, and a shared basement with on-site laundry. Classic structure with solid bones offering opportunity for future improvements over time. Well-located in one of Des Moines’ most established neighborhoods with close proximity to downtown, Ingersoll, and major employers, supporting consistent rental demand. Financials available upon request
$25k price reduction on this property. Attention income property investors! If you have been looking for the perfect property to add to your existing portfolio or if you are a beginning investor looking to start investing in multi-family real estate, this is the ideal property for you. This property contains five units: two (2 Bedroom and 1 bath), two (1 Bedroom – 1 bath), 1 bedroom 1 bath home, and a efficiency 1 bed 1 bath. A total of three buildings on two parcels. With a gross annual revenue of $47,400 as of 03/31/26. 1320 E 25th DM, 2448 Garfield DM and 2448 ½ Garfield DM
Multi-family home with 4 individual 1 bed 1 bath units. Long term month to month rentals currently with no actual leases in place. City required the landlord to update electric so each unit has their own thermostat. Current rental certificate in place. Each unit currently pays $450 per month. Being sold "AS IS". Please allow min 24 hour notice to view occupied units. Unit #1 is vacant and can be seen.
Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time investor looking to build a portfolio or a seasoned investor seeking an affordable value-add asset, this property offers stable income today with additional rental growth potential tomorrow. Current rental certificate in place. Financial information available upon request.
Turnkey investor duplex with a rare 'hybrid income' model in a high-demand central metro location. 6304-6306 Urbandale Ave offers two 2BR/1BA units (~750 SF finished each) plus ~400 SF of unfinished basement storage per side, and an attached 1-car garage for each unit. Unit 6304 is a fully furnished medium-term rental with near 100% historical occupancy, typically generating $1,900-$2,100/mo typically with 1-3 month stays. Ideal for traveling nurses and corporate renters. Sale includes ALL furniture, equipment, and housewares for a true plug-and-play setup; FF&E replaced Fall 2025, with flooring/updates completed in 2022. Unit 6306 is occupied by a long-term tenant on a month-to-month lease at $625/mo (tenant pays all utilities), presenting immediate upside with market rent estimated $1,000/mo or more + utilities; newer kitchen and an easy flooring refresh path. Separately metered utilities; owner pays utilities on the furnished side. Big-ticket improvements already handled: roof, windows, doors, exterior paint, and sewer line replaced in 2025. Operate the proven hybrid strategy for strong in-place performance, or transition both sides to traditional market rents over time. Fantastic Urbandale Ave corridor access puts you in the middle of the metro: quick commute nearly anywhere, ~5 min to I-235, ~5 min to I-80/35, ~10 min to Downtown DSM, and minutes to Merle Hay Mall, Target, Starbucks, restaurants, shopping, and entertainment.
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.
This modern 2-story townhome featuring an open concept design, stylish kitchen, and plenty of natural light throughout. This home offers a blank canvas for your personal touches. An attached 2-car garage, efficient layout, and contemporary finishes make daily living easy and comfortable. With 6 years of tax abatement left, you’ll benefit from major cost savings. Townhome is rental/Airbnb-eligible offering excellent flexibility as either a personal residence or investment property. 3 additional units available, all at same price. A generous 8-year tax abatement is still in place: 2025-100%, 2026-100%, 2027-100%, 2028-75%, 2029-50%, 2030-25%. 3 additional townhomes are available as part of this listing as well. Units 1, 2, 3, and 5.
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.
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 as of April 1, 2026. 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.
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.
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!
Just blocks from the Drake University campus, this property, with 5 distinct units, offers multiple streams of revenue and a high cap rate potential in one of Des Moines’ most resilient rental markets.
This 6-unit multi-family property is income-producing. All units are rented and monthly rents total $4120/mo. Room for rent increases. Large basement for landlord storage. Huge parking lot. See agent notes for link to proforma info. All units have only one tenant currently, so landlord expenses are low. Individual rents: #1 $650 #2 $870 #3 $750 #4 $650 #5 $600 #6 $600
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.
