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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

729 Sandahl Avenue, Des Moines image
729 Sandahl Avenue, Des Moines $175,000

The 3 story 2 apartment duplex is very clean! Both apartments are rented and have leases. There is a current rental certificate. This is a quiet residential location. The...

  • 4 Beds
  • 2 Baths
  • DMAAR-623315 MLS
4140 50th Street, Des Moines image
4140 50th Street, Des Moines $190,000

Hard to come by duplex ranch with great access to I35-80, 2 BEDROOM RANCH WITH FULL BASEMENT. NEW FURNACE & AC IN 4140 (south) spring of 2017. Large back yard, great loca...

  • 4 Beds
  • 2 Baths
  • DMAAR-623305 MLS
3103 1st Street, Des Moines image
3103 1st Street, Des Moines $180,000

Fully occupied 1.5 story duplex with 2 bedrooms and 1 bathroom inside each unit. Main level unit has 820 sq ft. lower level unit has 523 sq ft. Finished basement 700 sq f...

  • 4 Beds
  • DMAAR-623291 MLS
1349 E 12th Street, Des Moines image
1349 E 12th Street, Des Moines $170,000

Amazing investment opportunity with two units in the first level and one extra large unit on the second level. All units have their own kitchen. New extra large boiler. O...

  • 6 Beds
  • 3 Baths
  • DMAAR-623114 MLS
1151 Martin Luther King Jr Parkway, Des Moines image
1151 Martin Luther King Jr Parkway, Des Moines $200,000

Apt 1. 750/mo Apt2. 675/mo Apt.3 675/mo. Property has had an active pest control contract since 2004. The apartments have been updated in the last 5 years with new LVP. T...

  • 4 Beds
  • 3 Baths
  • DMAAR-622981 MLS
1908 Capitol Avenue, Des Moines image
1908 Capitol Avenue, Des Moines $89,900

Great investment opportunity with plenty of parking! Two units-1 bed/1 bath each. Has current rental certificate through 7/19/2022. Top unit currently rented and renting ...

  • 3 Beds
  • 2 Baths
  • DMAAR-622677 MLS
1316 York Street, Des Moines image
1316 York Street, Des Moines $159,900

Great duplex for sale! Main floor (unit 1) is a 3 bedroom unit, upstairs (unit 2) is a 2 bedroom unit. Unit 1: huge living room off the front deck, with two bedrooms off ...

  • 5 Beds
  • 2 Baths
  • DMAAR-622766 MLS
913 Walker Street, Des Moines image
913 Walker Street, Des Moines $139,900

Investment Opportunity! Over 2,000 square feet tri-plex next to downtown for sale! 3 units - one 1-bedroom, one 2-bedroom, and one 3-bedroom, all three with separate entr...

  • 6 Beds
  • 3 Baths
  • DMAAR-622400 MLS
719 19th Street, Des Moines image
719 19th Street, Des Moines $175,000

Income property in Historic Sherman Hill. Duplex with 2 bedroom unit and 1 bedroom unit. Rents are $825 and $650 and tenant pays all utilities including water. Alley a...

  • 3 Beds
  • 2 Baths
  • DMAAR-622322 MLS
3420 Oxford Street, Des Moines image
3420 Oxford Street, Des Moines $379,900

This is a great investment property with six 1 Bedroom Units of varying sizes running at 100% occupancy. Units are separately metered for gas/electric and RUBS has been i...

  • 6 Beds
  • 6 Baths
  • DMAAR-622044 MLS
1333 22nd Street, Des Moines image
1333 22nd Street, Des Moines $249,900

If you are looking for a great multi family property look no further. Great location!! Close to Drake University. Make sure you check this one out!

  • 5 Beds
  • 4 Baths
  • DMAAR-622041 MLS
1091 26th Street, Des Moines image
1091 26th Street, Des Moines $240,000

Attention Investors. Great turnkey income producing 5 plex within 1 block of Drake University and the new development occurring along University Avenue. The asset is curr...

  • 5 Beds
  • DMAAR-621566 MLS
1514 Arlington Avenue, Des Moines image
1514 Arlington Avenue, Des Moines $77,500 ▼

Great value add duplex in the historic River Bend neighborhood of Des Moines. The City is doing extensive work on the 2nd/6th Ave Corridor and has long term interest in ...

  • 4 Beds
  • 2 Baths
  • DMAAR-621217 MLS
1508 Arlington Avenue, Des Moines image
1508 Arlington Avenue, Des Moines $77,500 ▼

Great value add duplex in the historic River Bend neighborhood of Des Moines. The City is doing extensive work on the 2nd/6th Ave Corridor and has long term interest in ...

  • 4 Beds
  • 2 Baths
  • DMAAR-621212 MLS
property image
2625 Cottage Grove Avenue, Des Moines $164,900

Great opportunity to own a 6 plex in the Drake neighborhood. This 6 plex currently has 4 occupied units and 2 units under construction. Units 3 and 3 have new carpet an...

  • 3 Beds
  • 1 Baths
  • DMAAR-619741 MLS

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