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Explore Similar Apartments Within 2 Miles of Downtown Des Moines, IA

  • /10

    $244,000

    • Studio
    • 2 Baths
    • 3,729 Sq Ft

    1527 Forest Ave, Des Moines, IA 50314

    Turnkey duplex opportunity at 1527 Forest Ave in Des Moines—perfect for investors! This solid brick and stucco property features two spacious 2-bed/1-bath units, both with original hardwood floors, updated electrical, and composite windows. Recent exterior upgrades include a brand-new roof, soffit, gutters, and fascia. Located directly across from a park on a corner lot, the property offers

    Agent Photo

    Eric Fitzgerald

    Keller Williams Realty GDM

    (515) 824-5822

    1527 Forest Ave, Des Moines, IA 50314
  • /33

    $220,000

    • Studio
    • 3 Baths
    • 2,806 Sq Ft

    1513 Des Moines St, Des Moines, IA 50316

    Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The

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    Darson Grantham

    Keller Williams Realty GDM

    (515) 949-4562

    1513 Des Moines St, Des Moines, IA 50316
  • /10

    $225,000

    • Studio
    • 3 Baths
    • 1,964 Sq Ft

    1206 39th St, Des Moines, IA 50311

    $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

    Agent Photo

    Darson Grantham

    Keller Williams Realty GDM

    (515) 642-3342

    1206 39th St, Des Moines, IA 50311
  • /9

    $254,000

    • Studio
    • 3 Baths
    • 2,140 Sq Ft

    2400 SE 8th St, Des Moines, IA 50315

    Investor opportunity in the heart of Des Moines! Located at 2400 SE 8th St, this multi-family property offers strong rental potential with three separate units—two 1-bed/1-bath units and one 2-bed/1-bath unit—spread across 2,140 sq ft of living space. The property has a masonry foundation, an unfinished basement for additional storage, and off-street parking potential. With each unit already

    Agent Photo

    Eric Fitzgerald

    Keller Williams Realty GDM

    (515) 800-8145

    2400 SE 8th St, Des Moines, IA 50315
  • /18

    $199,999

    • Studio
    • 3 Baths
    • 1,768 Sq Ft

    1642 E Grand Ave, Des Moines, IA 50316

    Great investor opportunity with this tri-plex in east Des Moines! This property is fully occupied with Units 1 and 2 bringing $850 per month and Unit 3 bringing $750 per month. Monthly costs are between $1600-$1800. Cash Flow is great if you're looking for a side hustle! Rental certificate in place. Open to creative financing.

    Bethany Cochran Agency Iowa

    1642 E Grand Ave, Des Moines, IA 50316
  • /35

    $365,000

    • Studio
    • 4 Baths
    • 2,509 Sq Ft

    1148 36th St, Des Moines, IA 50311

    This multi unit home is located in Des Moines desirable Drake neighborhood, this fourplex offers a strong investment opportunity. Tenants enjoy off-street parking, shared laundry in the basement, and proximity to Drake University. Situated on a large 0.34-acre lot, the property blends historic charm with solid rental potential and room for future growth.

    Chandler Craig Developers Realty Group LLC

    1148 36th St, Des Moines, IA 50311
  • /18

    $269,900

    • Studio
    • 2 Baths
    • 1,482 Sq Ft

    424 E Leach Ave, Des Moines, IA 50315

    Southside duplex with all the updates and income potential! Each unit offers 3 bedrooms, 1 bath-including a finished basement with a bedroom on each side. Major mechanicals updated in 2023; both units have new HVAC, new water heaters, and new electrical panels. New Exterior Paint 2025. Roof replaced in 2021. Fresh LVP flooring and carpet throughout. One side vacant for owner-occupant or new

    Melissa Jackson Realty ONE Group Impact

    424 E Leach Ave, Des Moines, IA 50315
  • /5

    $355,000

    • Studio
    • 4 Baths
    • 2,492 Sq Ft

    1240 32nd St, Des Moines, IA 50311

    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

    1240 32nd St, Des Moines, IA 50311
  • /15

    $475,000

    • Studio
    • 7 Baths
    • 3,174 Sq Ft

    732 19th St, Des Moines, IA 50314

    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

    732 19th St, Des Moines, IA 50314
  • /12

    $260,000

    • Studio
    • 2 Baths
    • 2,550 Sq Ft

    1418 8th St, Des Moines, IA 50314

    Great duplex! Newly remodeled! Each unit has three bedrooms and one bathroom. Two current tenants that are willing to stay but could be moved. Additional parking in back.

    Brandon Johnson RE/MAX Cornerstone

    1418 8th St, Des Moines, IA 50314
  • /25

    $235,000

    • Studio
    • 2 Baths
    • 2,422 Sq Ft

    124 E Olinda Ave, Des Moines, IA 50315

    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

    124 E Olinda Ave, Des Moines, IA 50315
  • /2

    $186,500

    • Studio
    • 1 Bath
    • 1,683 Sq Ft

    1505 E Court Ave, Des Moines, IA 50316

    Located near State Capital and convenient to downtown Des Moines. Each side hosts 2 bedrooms, 1 bath and an enclosed front porch. All appliances stay. Each unit is metered separately. Presently tenants pay electric, gas, water, and garbage. Ample off street parkin in back.

    Eldon Hutcheson Nerem & Assoc.

    1505 E Court Ave, Des Moines, IA 50316
  • /7

    $179,900

    • Studio
    • 2 Baths
    • 1,410 Sq Ft

    620 38th St, Des Moines, IA 50312

    Two-story duplex income producing property. Tenants pay on time at $889 and $725 monthly. This offers the opportunity for a turn-key investment with an active rental certificate which was renewed January 2025. Several updates over past couple of years including a new roof and several windows changed out to vinyl.

    Matt Cole RE/MAX Concepts

    620 38th St, Des Moines, IA 50312
  • /35

    $3,400,000

    • Studio
    • 4,233 Sq Ft

    717 Franklin Ave Unit 11, Des Moines, IA 50314

    This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689.The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011

    Jeff Downing LPT Realty, LLC

    717 Franklin Ave Unit 11, Des Moines, IA 50314
  • /23

    $244,000

    • Studio
    • 2 Baths
    • 2,187 Sq Ft

    1134 39th St, Des Moines, IA 50311

    Charming Duplex in Des Moines. Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors. 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

    Tim Hegwood PMI Realty Central Iowa

    1134 39th St, Des Moines, IA 50311
  • /15

    $234,000

    • Studio
    • 2 Baths
    • 1,408 Sq Ft

    349 E Rose Ave, Des Moines, IA 50315

    Fantastic opportunity for investors! This turnkey income-producing duplex is fully leased with a current rental certificate, offering immediate cash flow and peace of mind. Each unit features 2 bedrooms and 1 bathroom with separately metered utilities and walkout basements situated on nearly half an acre lot in a quiet neighborhood. Don’t miss this opportunity to add a solid, income-producing

    Ryan Rivera Zealty Home Advisors

    349 E Rose Ave, Des Moines, IA 50315
  • /5

    $139,000

    • Studio
    • 2 Baths
    • 1,676 Sq Ft

    1503 Forest Ave, Des Moines, IA 50314

    This duplex at 1503 Forest Ave, Des Moines offers two rental units: a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit; perfect for investors looking for steady rental income. It comes with a current rental certificate and has been upgraded through the City of Des Moines Weatherization Program, improving energy efficiency. Additional highlights include a brand-NEW furnaces one for each unit

    Ingrid Williams RE/MAX Concepts

    1503 Forest Ave, Des Moines, IA 50314
  • /22

    $230,000

    • Studio
    • 1 Bath
    • 1,832 Sq Ft

    1217 39th St, Des Moines, IA 50311

    NEW OWER PRICE This charming duplex is an investors dream or live in one side and rent out the other! This two story, side by side duplex offers spacious living area of 1,832 sq ft. This duplex is situated in a desirable neighborhood and offers convenient access to grocery stores, restaurants, banks, drug stores and entertainment venues. Also located on city bus routes. Each unit has two

    Cyndi Pederson United Real Estate Profess

    1217 39th St, Des Moines, IA 50311
  • /31

    $675,000

    • Studio
    • 8 Baths
    • 8,631 Sq Ft

    2419 Cottage Grove Ave, Des Moines, IA 50311

    Introducing The Cutler Apartments, a historic gem located just blocks from Drake University, Downtown, and Interstate 235, offering unparalleled convenience for residents. This solid brick construction property is in great shape, with spacious units over 1200sf each. Tenants enjoy 2 bedrooms, a living room, dining room, and two additional versatile rooms, making it an ideal living space. Great

    Chase Keller CHASE Collective

    2419 Cottage Grove Ave, Des Moines, IA 50311
  • /17

    $200,000

    • Studio
    • 5 Baths
    • 2,709 Sq Ft

    1825 7th St, Des Moines, IA 50314

    Such an amazing chance to start or build your investment portfolio. This fully rented multifamily property brings in steady income and has been well maintained. Located centrally with easy access to everything, it is attractive for renters. Must request showing AT LEAST 48 hours in advance.

    Sarah Shaffer Realty ONE Group Impact

    1825 7th St, Des Moines, IA 50314
  • /7

    $184,900

    • Studio
    • 2 Baths
    • 2,214 Sq Ft

    1161 21st St, Des Moines, IA 50311

    2+ story top-bottom duplex with both units currently occupied. $1550 monthly gross rent. Unit 1: 2 BR, 1 BA rents at $750/mo. New kitchen cabinet, countertop, sink, faucet, & some fresh paint in Feb. 2025. Unit 2 is a 2 BR, 1 BA with additional finished attic currently being used as a BR that rents at $800/mo. New toilet in BA, new flooring in BA & kitchen, some new light fixtures, and some fresh

    Ingrid L. Roose BHHS First Realty Westown

    1161 21st St, Des Moines, IA 50311
  • /2

    $325,000

    • 1,600 Sq Ft

    3601 Kingman Blvd, Des Moines, IA 50311

    Situated in one of central Des Moines' most desirable neighborhoods, this charming brick duplex is a standout investment opportunity. This well-maintained property features two 800 sq ft units, each offering 2 bedrooms, a full bath, generous family room, and a full eat-in kitchen. Both units also include full basements with laundry rooms. The east unit includes an oversized attached garage that

    Chris Betts RE/MAX REAL ESTATE CENTER

    3601 Kingman Blvd, Des Moines, IA 50311
  • /2

    $325,000

    • Studio
    • 2 Baths
    • 1,600 Sq Ft

    3601 & 3605 Kingman Blvd, Des Moines, IA 50311

    Situated in one of central Des Moines’ most desirable neighborhoods, this charming brick duplex is a standout investment opportunity. This well-maintained property features two 800 sq ft units, each offering 2 bedrooms, a full bath, generous family room, and a full eat-in kitchen. Both units also include full basements with laundry rooms. The east unit includes an oversized attached garage that

    Chris Betts RE/MAX Real Estate Center

    3601 & 3605 Kingman Blvd, Des Moines, IA 50311
  • /2

    $299,900

    • Studio
    • 1 Bath
    • 1,872 Sq Ft

    3808 SW 12th St, Des Moines, IA 50315

    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

    3808 SW 12th St, Des Moines, IA 50315
  • /2

    $546,000

    • 4,787 Sq Ft

    3103 Grand Ave, Des Moines, IA 50312

    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

    3103 Grand Ave, Des Moines, IA 50312
  • /2

    $1,115,000

    • 9,960 Sq Ft

    3117 Grand Ave, Des Moines, IA 50312

    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

    3117 Grand Ave, Des Moines, IA 50312
  • /15

    $330,000

    • Studio
    • 1 Bath
    • 1,768 Sq Ft

    1008 Kingman Cir, Des Moines, IA 50311

    Timothy Schutte EXIT Realty & Associates

    1008 Kingman Cir, Des Moines, IA 50311

Why Live in Downtown Des Moines

Downtown Des Moines blends small-town charm with urban convenience, offering a vibrant arts and food scene alongside ample outdoor recreation. The neighborhood's history is marked by a Midland Traditional-style cabin near Principal Park, home to the Iowa Cubs minor-league baseball team. Residents enjoy evening walks along the Riverwalk and frequent the Downtown Farmers’ Market on Saturdays. Housing options include Contemporary-style townhomes and a variety of condos, from industrial chic lofts to sleek units in master-planned communities. Students typically attend Roosevelt High, known for its historic architecture and high ratings for diversity. Parks are plentiful, with Rotary Riverwalk Park, Lauridsen Skatepark, and the Robert D. Ray Asian Garden providing green spaces. Cultural attractions include the Des Moines Civic Center, Western Gateway Park, and the Temple for the Performing Arts. Dining and nightlife thrive in the Historic Court District, featuring spots like Johnny’s Hall of Fame and 300 Craft & Rooftop. Annual events such as the Des Moines Arts Festival and the World Food & Music Festival add to the neighborhood's lively atmosphere. The area is walkable and bikeable, with a 4-mile network of skywalks and regular stops along the DART bus line, making it easy to navigate year-round.
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