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Drake Townhome for Sale

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    $150,000

    • 1 Bed
    • 1 Bath
    • 909 Sq Ft

    4000 University Ave Unit 7, Des Moines, IA 50311

    This beautifully renovated unit is located within a historic university complex built in 1918. The building showcases the Arts and Crafts movement of the early 1900s, and that charm is still evident today. In Unit 7, the current owner has made significant efforts to create a space that embodies contemporary design and style. The elegant and sophisticated ambiance is enhanced by numerous updates

    Zac Bales-Henry Black Phoenix Group

    4000 University Ave Unit 7, Des Moines, IA 50311

Why Live in Drake

Drake, one of Des Moines' oldest neighborhoods, is known for its close-knit community and the presence of Drake University, which serves as a cultural and educational hub. The neighborhood features a mix of historic architecture, including Foursquares, Craftsman homes, and bungalows, alongside apartment buildings and rental units catering to the high 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 Drake business district is home to unique local businesses, such as the retro-themed Drake Diner, University Library Café, and Lefty’s Live Music, offering a variety of dining and entertainment options. Black Cat Ice Cream is a notable spot for artisanal desserts and community events. The neighborhood is walkable, with shaded sidewalks and parks like Drake Park and Witmer Park providing recreational spaces. Residents can easily access Downtown Des Moines, just 3 miles away, by bike or public transit. The Des Moines Independent Community School District serves the area, with Roosevelt High School being a standout. Drake's proximity to Des Moines International Airport, about 5 miles south, adds to its convenience.

Home Trends in Drake, IA

Housing Trends

Median Sale Price
$395,000
Median Single Family Sale Price
$494,000
Median Townhouse Sale Price
$334,000
Median 2 Bedroom Sale Price
$320,000
Average Price Per Sq Ft
$277
Number of Homes for Sale
9
Last 12 months Home Sales
73
Months of Supply
1.50
Median List Price
$400,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-6%
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