9

Studio Homes for Sale in Drake

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  • /2

    $70,000

    • Land
    • 1.58 Acres
    • $44,276 per Acre

    00 24th St, Des Moines, IA 50310

    This land parcel is for sale as well as 2515 24th St and 2315 Holcomb Ave. Sellers are willing to sell as a package deal.Prime Urban Development Opportunity: Three-Parcel Land Assemblage in Des Moines, IAMLS #s: 725495, 725497, 725499Total Acres: 3+Opportunity to acquire over 3 acres of raw, buildable land in the very heart of Des Moines. This unique offering consists of

    Agent Photo

    Eric Fitzgerald

    Keller Williams Realty GDM

    (515) 579-5241

    00 24th St, Des Moines, IA 50310
  • /34

    $425,000

    • Studio
    • 12 Baths
    • 5,032 Sq Ft

    1120 23rd St Unit 6, Des Moines, IA 50311

    Ross Quintero Stanbrough Realty Company

    1120 23rd St Unit 6, Des Moines, IA 50311
  • /5

    $339,900

    • 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
  • /35

    $355,000

    • 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.

    Theodore Craig Developers Realty Group LLC

    1148 36th St, Des Moines, IA 50311
  • /17

    $375,000

    • Studio
    • 2.5 Baths
    • 2,636 Sq Ft

    3821 University Ave, Des Moines, IA 50311

    This is a built in 1922 beautifully maintained purpose built duplex. It has been updated for efficiency and modern comfort while maintaining it's historic charm. The hardwood floors have been impeccably kept. The owner is putting the finishing touches on a few cosmetic items. We've listed slightly early to beat the cold. It shows very well regardless and will show better still prior to taking

    Connor Delaney White Oak Realty, LLC

    3821 University Ave, Des Moines, IA 50311
  • /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
  • /2

    $225,000

    • Studio
    • 2,734 Sq Ft

    2303 Carpenter Ave, Des Moines, IA 50311

    Michael Reagan RE/MAX Concepts

    2303 Carpenter Ave, Des Moines, IA 50311
  • /9

    $225,000

    • Studio
    • 4 Baths
    • 2,122 Sq Ft

    1318 23rd St, Des Moines, IA 50311

    Great investment opportunity with this renovated four plex. Recent upgrades including a new roof, mini-split heating and cooling systems, furnace, water heater, sewer line, and water line ensure low maintenance. Each unit has been updated recently. Whether you're a seasoned investor or new to real estate, this turnkey property offers the perfect opportunity to capitalize on the high demand for

    Kyle Clarkson LPT Realty, LLC

    1318 23rd St, Des Moines, IA 50311
  • /2

    $22,000

    • Land
    • 0.13 Acre
    • $176,000 per Acre

    1622 Martin Luther King Junior Pkwy, Des Moines, IA 50314

    A great opportunity for your next home or investment property.All information obtained from seller and public records.

    Medina Rahmanovic RE/MAX Precision

    1622 Martin Luther King Junior Pkwy, Des Moines, IA 50314

Why Live in Drake

Drake is named for Des Moines’s Drake University, a cultural and educational hub that anchors the neighborhood with a beautiful campus. Residents can easily access a wide range of university events, including sports games, artistic performances, public lectures and more. The neighborhood itself features a mix of historic architecture, including bungalows, American Foursquares Craftsman homes. Apartment buildings and rental units cater to the student population. Drake Stadium hosts local high school games and the nationally recognized Drake Relays, while Helmick Commons provides a green space for gatherings. The university-area business district has local businesses, including the retro-themed Drake Diner, University Library Café and Lefty’s Live Music. Black Cat Ice Cream is a notable spot for artisanal desserts and community get-togethers. The neighborhood is walkable, with shaded sidewalks. Drake Park and Witmer Park provide recreational space. Residents can easily access Downtown Des Moines, roughly 3 miles away, by bike or public transit. The Des Moines Independent Community School District serves the area, with Perkins Elementary, Callanan Middle and Roosevelt High. Drake is about 5 miles from Des Moines International Airport.

Frequently Asked Questions

Is Drake a good place to live?
Drake is a good place to live. Drake is considered somewhat walkable and somewhat bikeable with some transit options. Drake is a suburban neighborhood. Drake has 6 parks for recreational activities. It is fairly dense in population with 14.0 people per acre and a median age of 31. The average household income is $60,047 which is below the national average. College graduates make up 32.9% of residents. A majority of residents in Drake are renters, with 58.7% of residents renting and 41.3% of residents owning their home. A local real estate agent serving Drake can help you decide if this neighborhood is the right one for you. Learn more on our Drake neighborhood guide.
Is Drake, IA a safe neighborhood?
Drake, IA is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Drake?
The median home price in Drake is $220,000. If you put a 20% down payment of $44,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $1,080 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $46K a year to afford the median home price in Drake. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Drake is $60K.
What are the best public schools in Drake?
The best public schools that serve Drake are:
What are the best private schools in Drake?
The best private schools that serve Drake are:
  • Bergman Academy has an A+ Niche grade, a student teacher ratio of 9:1 and an average review score of 5.0.
  • Holy Trinity has an A Niche grade, a student teacher ratio of 12:1 and an average review score of 4.3.
  • St Theresa School has a student teacher ratio of 12:1.
What are the most popular zip codes in Drake, Des Moines, IA?
The most popular zip codes in Drake, Des Moines, IA include 50311, 50310, 50314, 50323 and 50312.
What are the most popular neighborhoods near Drake, Des Moines, IA?
The most popular neighborhoods near Drake, Des Moines, IA are Beaverdale, Sherman Hill, River Bend, Oak Park and Merle Hay.
Are home prices dropping in Drake?
Yes, home prices in Drake are down 8% in the last 12 months.

Home Trends in Drake, IA

Housing Trends

Median Sale Price
$205,750
Median Single Family Sale Price
$206,500
Median 2 Bedroom Sale Price
$72,000
Median 1 Bedroom Sale Price
$69,000
Average Price Per Sq Ft
$164
Number of Homes for Sale
34
Last 12 months Home Sales
106
Months of Supply
3.80
Median List Price
$220,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
3%
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