Looking for a 1031 exchange or an easy way to build an investment portfolio? This multi-family 5 plexis it! All five units are rented out, and the cap rate is over 8.6%. Building updates include: newwater heater, new fire escape (in progress), new flooring and paint in the hallway common area, newexterior door, new basement windows, exterior tuckpointing. Unit updates include:-

Nora Crosthwaite Realty ONE Group Impact

Spacious and well-maintained duplex located on Des Moines' south side, conveniently near Southdale Shopping Center and Lovejoy Elementary. This property offers two units: one with 3 bedrooms and 1.5 bathrooms, and another with 3 bedrooms and 1.5 bathrooms. Both units feature newer carpeting, generously sized kitchens with all appliances included, and dry, expansive unfinished basements perfect

David Rodriguez RE/MAX Precision

Steps from Drake University and surrounded by ongoing neighborhood revitalization, 3101 Cottage Grove is primed for transformation. Currently a 7 unit building, it shines brightest as a candidate for conversion back to a stately single family home. The property sits within an InvestDSM program area making it eligible for grants, reimbursements, and low interest rehab loans plus NFC Advantage

Sarah Kavalier LPT Realty, LLC

Welcome to this all-brick ranch duplex! With a full-brick exterior that means low-maintenance living, this property is a true find. One side offers 3 bedrooms, 2 bathrooms, and a finished basement, while the other features 2 bedrooms and 1 bathroom-giving you tons of flexibility. Even better-this home has seen great updates, including updated electrical and a finished basement, making it move-in

Jordon Vivanh RE/MAX Concepts

Exciting investment opportunity in the heart of the Drake area! This well-cared-for up-down duplex at 1064 27th offers versatile layouts and great rental potential. The main floor unit features 2 bedrooms, 1 bath, central AC, spacious living areas, and beautiful wood floors. The upper unit includes 2 bedrooms plus a 3rd bedroom/office area, 1 bath, and window unit cooling—perfect for flexible use

Ryan Rohlf Keller Williams Legacy Group

4) 2BR/1BA Units5) 1BR/1BA Units100% OccupiedAVG In place rents - $6942BR/1BA Market Rent - $8551BR/1BA Market Rent - $785Opportunity for investors to implement RUBS and increase rental income day 1.

Ross Quintero Stanbrough Realty Company

Fully Occupied Tri-Plex Opportunity. No owner utilities. Fully occupied on MTM leases with upside in raising rents. Located just 2 blocks from Drake University

Ross Quintero Stanbrough Realty Company

12) 2BR/1BA UnitsLVP in Common Areas and 85% of units.New Boiler (2020)New Roof (2021)Water heater replaced (2023)AVG in place rents - $762.50Market Rent - $850 + RUBSOpportunity to implement RUBS and increase rental income day 1.

Ross Quintero Stanbrough Realty Company

8) 2BR/1BA UnitsAVG In Place Rents - $768Market Rent - $850 + RUBSLVP in common areas and units.New Water Heater (2023)New Roof (2021)Vinyl Windows across all units.Opportunity to implement RUBS and increase rental income day 1.

Ross Quintero Stanbrough Realty Company

12) 2BR/1BA UnitsLVP in Common Areas and 100% of units.AVG in Place Rents - $758Market Rents - $825 + RUBSNew Roof (2021)Vinyl Windows

Ross Quintero Stanbrough Realty Company

This solid duplex is the perfect opportunity for both investors and house hackers. One side is freshly updated with new paint, carpet, and countertops, ready for immediate occupancy. The other side has been home to the same tenant since 1994, providing stable income at $855 mo through Oct 2027.Each unit features:Spacious living areas with 2 bedrooms and 1 full bathFull

Cy Phillips Space Simply

This cash-flowing 4-unit property features flexible month-to-month tenants and currently generates $2,900 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.

Jeff Downing LPT Realty, LLC

This cash-flowing 5-unit property features flexible month-to-month tenants and currently generates $3,525 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.

Jeff Downing LPT Realty, LLC

This cash-flowing 6-unit property features flexible month-to-month tenants and currently generates $4,185 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.

Jeff Downing LPT Realty, LLC

This cash-flowing 6-unit property features flexible month-to-month tenants and currently generates $5,100 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.

Jeff Downing LPT Realty, LLC

Discover this historic 6-plex in the heart of Des Moines’ sought-after Sherman Hill neighborhood. Built in 1913, this NX2A-zoned multifamily property blends classic charm with modern updates. Currently 100% occupied, it offers both immediate cash flow and strong long-term upside. Each of the six units features comfortable layouts and updated amenities, designed to meet the expectations of today’s

Joe Hand Keller Williams Realty GDM

This newly constructed 4-plex offers an excellent investment opportunity with three well-designed, 1,645 SF units. Each 2-story unit includes 3 bedrooms, 2.5 baths, and an attached 2-car garage. The main floor features an open layout with Quartz countertops, tile backsplash, island, corner pantry, stainless steel appliances, and luxury vinyl plank flooring. Upstairs, enjoy a spacious primary

Kalen Ludwig Peoples Company

Welcome to 2812 Brattleboro a prime income-producing 5-unit multiplex perfect for both seasoned investors and those just entering the rental market with updated rental certificate! Priced competitively and with a recently renewed rental certifcate, this property offers immediate cash flow with significant upside potential. Each unit offers its own unique layout and charm in a one bed and one

Jim Hibbs LPT Realty, LLC

Charming 5 plex in the heart of Sherman Hill! This well kept 4,437 sqft building has five units, two (2bedroom 2 bath) units, two (1 bedroom 1 bath) units, and a unique large 1,000 sqft loft style 1 bathroom unit on the third floor. You're sure to love the charming features found in the units such as hardwood floors, arches, decorative fireplaces, large windows, and so much more! Perfect location

Beth Ernst Keller Williams Realty GDM

This fully rented 3-plex offers a strong investment in the heart of Des Moines, featuring three 1-bedroom, 1-bathroom units with current rents at $700, $775, and $800. With steady cash flow and low vacancy risk, this property is ideal for both seasoned investors and those looking to start or grow their portfolio. Recent updates provide peace of mind and added value, including a new installed

Jeffrey Horner Gillum Group Real Estate LLC

Great unit for sale right next to Drake. This 4-plex features 2, 2 bed/1 bath units and 2 1 bed/1 bath units. Tenants pay gas and electric, landlord pays water. Each unit has its own furnace. One unit has central A/C, the other 3 have window A/C. New water line and sewer line. Some units have new LVP, fresh paint and new toilets. All information obtained from seller and public records.

Jonathan Musser RE/MAX Precision

Cashflow on day one! Located right off of Interstate 235, 19th Street is in a prime location for commuters and public transportation users as well! Professionally managed for the last 2 years and stabilized, this is your chance to step into a turnkey investment! All rental certificates in place are recent and all but one tenant are in long term leases. With multiple avenues to increase income

Grant Beck RE/MAX Revolution

Great investment opportunity in a great location near downtown Des Moines! This duplex offers versatility—perfect for an owner-occupant looking to offset their mortgage or for an investor seeking strong rental potential. Each unit features 3 bedrooms and 1 full bathroom, each unit includes a stove and refrigerator. Unit 1 is located on the upper level, while Unit 2 is on the main floor, offering

Misty Darling BH&G Real Estate Innovations

Well maintained duplex in Pleasant Hill situated in an excellent location on a quiet street close to schools, churches, and stores. Each unit has 3 bedrooms, two bedrooms on the main with a full bath. One unit has an additional bedroom and full bath on the lower level. One unit has a lower level kitchenet and non-conforming bedroom with 3/4 bath on the lower. Both units have a walkout lover

June Mackay Stevens Realty

Fantastic Investment Opportunity!This turnkey, income-producing duplex comes with a current rental certificate and immediate cash flow potential. Each unit features 2 bedrooms, 1 bathroom, a spacious kitchen, and a comfortable living room.The walk-out basements offer expansion opportunities—finish them to add additional bedrooms and living space, increasing rental income. The deep

Ryan Rivera Zealty Home Advisors

Spacious & Updated duplex on S Side Des Moines. This property has been renovated from top to bottom, making it a standout for both new and seasoned investors. Major updates include a newer roof replaced within the last 3 years, fresh exterior paint, all new plumbing, and a new AC and furnace in one unit. Inside both units have been completely remodeled with modern finishes. Each unit is

Mary Halling RE/MAX Precision

This well-maintained brick duplex is a prime investment opportunity in the heart of Des Moines. Located in the Des Moines Independent school district with quick access to shopping, dining, and major commuter routes, the property has a strong rental history with low vacancy and solid cash-on-cash returns. Each unit offers 2 bedrooms, 1 bathroom, a spacious living area, and a functional kitchen

Chris Betts RE/MAX Real Estate Center

Brick ranch side by side duplex. Each unit 2 bedrooms, 1 full bath. Full unfinished bsmt. Very good condition. Property sits off of SW 12th, back west between 2 properties. Very private.

Steve Nissly RE/MAX Concepts

Great investment opportunity, located on historic Grand Ave. Prime as a income property or redevelopment opportunity in the booming Ingersoll Corridor area. Across the street from Des Moines University.

Brian K Spraggins Hunziker & Assoc.-Ames

Great investment opportunity. Located on historic Grand Ave. Prime as an income property or redevelopment opportunity in the booming Ingersoll Corridor.

Brian K Spraggins Hunziker & Assoc.-Ames

Ross Quintero Stanbrough Realty Company