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Des Moines Income and Investment Property

Are you interested in buying or selling Des Moines area income and investment property?

Matt Grohe, REALTOR® Can Assist You With Your Des Moines area multi-family property purchase


MULTI-FAMILY

These properties fall into three general types:

Divided Single Family
Duplexes, Triplexes
Complexes

Divided single family homes or Conversions are usually larger, older homes that have been sub-divided into individual apartments but may have some shared services and facilities. There are a number of these properties in central Des Moines.

Duplexes & Triplexes are generally built to operate as two or three separate homes with shared walls.

Complexes are usually four units and up. Large complexes are often handled by commercial brokers, but smaller buildings will often be listed by residential real estate agents. It is not uncommon for these properties to never be on the direct market however, being sold instead between private parties.

There are many properties available in this class, at this writing there were 57 properties priced from $36,900 to $3,125,000.

You can use the search function on this page to set up your own search and see what's available, then if you need more information or would like to arrange a showing of one of these properties just call Matt at 515-988-3726. I look forward to hearing from you.

Des Moines Area Multi-family Property

1018-1022 Ne 5th Street Unit 1-2, Ankeny image
1018-1022 Ne 5th Street Unit 1-2, Ankeny $400,000 ▼

Great location for this ranch duplex with easy access to I-35. Each unit has tile, granite countertops, stainless appliances, 3 bedrooms & two baths, deck, private fenced...

  • 2 Baths
  • 577158 MLS
1361 York Street, Des Moines image
1361 York Street, Des Moines $185,000

None

  • 0 Baths
  • 576868 MLS
property image
1082 21st Street, Des Moines $600,000

Showings only after acceptable offer and financing verified. 10 - 1 bedroom units. New roof, boiler reneedled in 2016/2017. Substrate and vapor barrier added to buildin...

  • 10 Baths
  • 576246 MLS
1320 E 25th Street, Des Moines image
1320 E 25th Street, Des Moines $90,000 ▼

Calling all Investors! This 3 plex has two 2 bedroom apartments with nearly 800 sq ft each and one 1 bedroom apartment on the ground floor bedroom. Tenants pay for their ...

  • 3 Baths
  • 575631 MLS
2448 Garfield Avenue, Des Moines image
2448 Garfield Avenue, Des Moines $80,000 ▼

Calling all Investors! TWO for the price of ONE This deal comes with 2 separate homes that offer one bedroom and one bath. Refrigerators and stoves are included. Homes ha...

  • 2 Baths
  • 575619 MLS
1220 46th Street, Des Moines image
1220 46th Street, Des Moines $165,000 ▼

Duplex with 2 bedrooms, possibility 3 beds upstairs. Great wood character and wood floors. Fireplace on main level with wood burning heatilator. Some updates include: ne...

  • 2 Baths
  • 574920 MLS
1501 Arlington Avenue, Des Moines image
1501 Arlington Avenue, Des Moines $225,000

Attention Investors! Unique 5 unit apartments, fully rented, easy access to main avenues, downtown, schools and shopping. Don't miss this one of a kind!

  • 5 Baths
  • 574383 MLS
property image
6315 Hickman Road, Des Moines $1,499,000

Two separate buildings with 12 units each. Updates completed on numerous units. Good tenants and rents. Great location with off street parking.

  • 24 Baths
  • 572621 MLS
property image
2110 26th Street, Des Moines $699,000

Very nice 13 unit apartment building. 2 bedroom 1 bathroom units. Numerous updates have been completed. Excellent income.

  • 11 Baths
  • 572613 MLS
622 Euclid Avenue Unit 1, Des Moines image
622 Euclid Avenue Unit 1, Des Moines $330,000

Investors, this is your opportunity. For those who're looking for a unique project, look no further. Some major renovation has already been completed in this multi-unit b...

  • 0 Baths
  • 572085 MLS
1026 37th Street, Des Moines image
1026 37th Street, Des Moines $230,000 ▲

Spacious duplex in Historic Kingman Neighborhood! Upper level features luxurious bathroom, 2 bedrooms with walk in closets, and all appliances. Main level features new wi...

  • 3 Baths
  • 572037 MLS
3710 56th Street, Des Moines image
3710 56th Street, Des Moines $2,025,000

Rowecienda Apartments is a 29 unit complex in Des Moines’ northwest submarket blocks away from the Merle Hay Mall regional trade area. Just blocks from grocery, restaura...

  • 23 Baths
  • 565964 MLS
2406 Woodland Avenue, Des Moines image
2406 Woodland Avenue, Des Moines $199,500 ▼

An investment opportunity is waiting for you! This cash flowing four-plex is nestled in the booming Woodland Heights neighborhood just minutes from growing Downtown. Bo...

  • 5 Baths
  • 563092 MLS
672 19th Street, Des Moines image
672 19th Street, Des Moines $325,000 ▼

Fully leased! Incredible opportunity to own a stately 7plex building in the heart of the historic and desirable Sherman Hill neighborhood! Offering incredible cash flow f...

  • 7 Baths
  • 561299 MLS
901 41st Street, Des Moines image
901 41st Street, Des Moines $169,000 ▼

Looking for an investment property? Here is your chance! This two-story Due-plex is ready for a new owner. The first level unit has two bedrooms/ one bathroom. On the se...

  • 1 Baths
  • 560885 MLS

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