Drake Multifamily Homes & Duplexes for Sale

Opportunity awaits with this well-cared-for up-down duplex at 1064 27th Street in the heart of the Drake area. Each unit offers 2 spacious bedrooms and 1 full bath, complete with beautiful wood floors, large living spaces, and plenty of character throughout. The detached 2-car garage provides added value—perfect for extra rental income or convenient tenant parking and storage. Recent updates

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

12) 2BR/1BA UnitsNew Roof (2021)All Windows have been replacedBoiler and Water Heater (2018/2020)LVP in Common Areas and 85% of all units.AVG In Place Rents - $754Market Rents - $850 + RUBSOpportunity 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 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

This cash-flowing 4-unit property features flexible month-to-month tenants and currently generates $3,260 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

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

NEW LOWER PRICE on the side by side duplex! A great investment opportunity. Located in a nice walkable neighborhood. Close to grocery and drug store, movie theater, banks, and on the bus line. Built in the 1970's this duplex could use a few updates but is a solid property. Tenants are on a month to month basis so new owner can keep the tenant or keep it for their use. Rent out one side and live

Cyndi Pederson United Real Estate Profess

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

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

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

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

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

Ross Quintero Stanbrough Realty Company

Timothy Schutte EXIT Realty & Associates