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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

8104 Madison Avenue, Urbandale image
8104 Madison Avenue, Urbandale $249,900

Rare opportunity own this Urbandale Duplex! Convenient location close to shopping, bus line, schools and easy commute to anywhere in the metro. Each side features 3 beds ...

  • 4 Baths
  • DMAAR-594662 MLS
33 N Hester Street, Norwalk image
33 N Hester Street, Norwalk $90,000

A rare opportunity! Use the large garage to nurture your hobby or start a small business and the home can be used as additional rental income or be owner occupied. Two se...

  • 2 Beds
  • 1 Baths
  • YES-MLS-4063154 MLS
535 35th Street, Des Moines image
535 35th Street, Des Moines $3,600,000

Three buildings with 16 units each, plus a duplex at 524 35th for a total of 50 units. Large retaining wall on east side plus dumpster containment completed in 2018. Elev...

  • 5 Baths
  • DMAAR-594089 MLS
101 Rhoten Avenue, Runnells image
101 Rhoten Avenue, Runnells $385,000

None

  • DMAAR-593977 MLS
1725 Army Post Road, Des Moines image
1725 Army Post Road, Des Moines $229,900

So much potential here, don't miss this one, schedule your tour soon. It could be used as a Multi-Family or Commercial Retail use. Unique and spacious front/back duplex w...

  • 4 Baths
  • DMAAR-593743 MLS
2110 26th Street, Des Moines image
2110 26th Street, Des Moines $575,000

Nice 13 unit Multi-Family Apartment. 12 2/1 units and 1 Effeciency unit. Large parking area. Includes laundry room with owned appliances and good income.

  • 2 Baths
  • DMAAR-593519 MLS
2548 34th Street, Des Moines image
2548 34th Street, Des Moines $117,500 ▼

Investors! Great opportunity to own a duplex in a wonderful Beaverdale location! Side by side duplex with current rental certificates. Each side features 1 bed and 1 bath...

  • 2 Baths
  • DMAAR-593131 MLS
106 Loomis Avenue, Des Moines image
106 Loomis Avenue, Des Moines $160,000

Great Investment Opportunity! Duplex fully leased. Each unit is 2 bed, 1 Bath. $1,550 monthly rental income. Tenant is responsible for utilities, water, , lawn, and sno...

  • 1 Baths
  • DMAAR-593099 MLS
3815 Sw 9th Street, Des Moines image
3815 Sw 9th Street, Des Moines $315,000

Tri-plex apartment style living with spacious 2 BR in front, adorable 1 Bedroom in Back, and nice 3 bedroom upstairs with 2 entrances. Tri-plex is fully rented. These a...

  • 3 Baths
  • DMAAR-592742 MLS
2931 Kingman Boulevard, Des Moines image
2931 Kingman Boulevard, Des Moines $275,000 ▼

Income producing property on a desirable side of town! This property features 5 units which offers off street parking for tenants and a garage that could allow additional...

  • 5 Baths
  • DMAAR-592737 MLS
1259 10th Street, Des Moines image
1259 10th Street, Des Moines $77,900 ▼

This 2 unit property has been cleaned out and is ready for updates! Boasting an R3 (Multifamily Residential) zoning with bonus space in attic that could be finished off....

  • 2 Baths
  • DMAAR-592753 MLS
4021 6th Avenue, Des Moines image
4021 6th Avenue, Des Moines $117,900

Great NE 2-unit with a nice return. Spacious main floor unit previously rented for $725, nice front porch and living room with brick wood burning fireplace. Upper unit wi...

  • DMAAR-592372 MLS
1240 32nd Street, Des Moines image
1240 32nd Street, Des Moines $250,000

Fully rented 4-plex steps from Drake University. 2-2BR and 2 1-BR. Separate meters, water included in rent. additional storage, laundry on-site. All different floor pl...

  • 3 Baths
  • DMAAR-592263 MLS
1136 26th Street, Des Moines image
1136 26th Street, Des Moines $245,000

8 units, (2) 1 Bdrms (6) Studio all with bathrooms & kitchen. Rebuilt furnace, Renters Certificate good thru 1/2020. Off Street Parking. Great location near Drake.

  • 8 Baths
  • DMAAR-591822 MLS
1091 26th Street, Des Moines image
1091 26th Street, Des Moines $174,000

This Multi-family home is the "Hill McClelland Bell House". The National Register of Historic Places in Polk County. The house's significance is derived from its associ...

  • 5 Baths
  • DMAAR-591815 MLS

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