Investment - Homes for Sale in Des Moines, IA

• 

  

  

  /17

  $165,000

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  4703 SW 2nd St, Des Moines, IA 50315

  Affordable and Adorable! Charming 2 bedroom bungalow is move-in ready & full of updates. Step inside to brand NEW carpet throughout, neutral paint, freshly painted woodwork, & newer window blinds for a bright, welcoming feel. Spacious living room flows seamlessly into the dining area, offering flexible space for everyday living or entertaining. Kitchen features beautiful laminate flooring &

  Pennie Carroll Pennie Carroll & Associates

  4703 SW 2nd St, Des Moines, IA 50315
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• 

  

  

  /34

  $265,000

  • 4 Beds
  • 2 Baths
  • 1,513 Sq Ft

  1242 Mckinley Ave, Des Moines, IA 50315

  Exceptional Investment Opportunity! Introducing a versatile multi-family residence perfect for investors or homeowners looking for income potential! This property features 2 distinct units w/a total of 4 bedrooms. *UNIT DETAILS* MAIN UNIT-Experience the charm & comfort of the main house w/2 bedrooms on main level complemented by your own inviting front porch, spacious family room, large dining

  David Vaughan RE/MAX Concepts

  1242 Mckinley Ave, Des Moines, IA 50315
• 

  

  

  /15

  $325,000

  • Studio
  • 1 Bath
  • 1,768 Sq Ft

  1008 Kingman Cir, Des Moines, IA 50311

  Excellent investment opportunity—turnkey duplex with immediate income potential. Each unit offers 2 spacious bedrooms and 1 full bathroom, along with a partially finished basement on both sides, providing added value and flexibility. Ideal for investors seeking a low-maintenance, cash-flow–ready property

  Timothy Schutte EXIT Realty & Associates

  1008 Kingman Cir, Des Moines, IA 50311
• 

  

  

  /5

  $59,000

  • Land

  3146 SE 8th St, Des Moines, IA 50315

  Here's an awesome chance to build the home of your dreams right in the heart of Des Moines. This .29-acre wooded lot gives you a great amount of space while still offering that tucked-away feel. Utilities are already at the road, making the build process even smoother. Whether you're looking to create your forever home or build a solid investment property, this lot has a ton of potential and is

  David Rodriguez RE/MAX Precision

  3146 SE 8th St, Des Moines, IA 50315
• 

  

  

  /32

  $589,900

  • 4 Beds
  • 4 Baths
  • 2,322 Sq Ft

  1900 Mckinley Ave, Des Moines, IA 50315

  Situated on 1.75 acres, and currently zoned MX3 (COMMERCIAL & RESIDENTIAL USES), this mid-century modern home offers exceptional space, versatility, and income potential. This residence offers timeless architectural appeal, an attached 2-car garage, plus an additional 3-car detached garage, perfect for hobbyists, car enthusiasts, storage, or workshop space. The fully fenced yard provides privacy

  Krisanne Colby Calhoun Simply Better Realty, LLC

  1900 Mckinley Ave, Des Moines, IA 50315
• 

  /2

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,092 Sq Ft

  1213 Sampson St, Des Moines, IA 50316

  Ask about a packaged sale including 1211, 1213, and 1251 Sampson Avenue — a turnkey multi-property investment opportunity. Bi-attached two-story home featuring 3 bedrooms and 1 bathroom. A great chance to secure multiple income-producing properties in one transaction!

  Karla Alaniz Keller Williams Realty GDM

  1213 Sampson St, Des Moines, IA 50316
• 

  

  /30

  $170,000

  • Studio
  • 1,166 Sq Ft

  2515 Des Moines St, Des Moines, IA 50317

  Don't miss this well-maintained 3-bedroom, 1-bath home offering space and function! Featuring a large driveway plus a full 2-car garage, this property provides exceptional off-street parking, storage, or workshop potential.Inside, you'll find a bright and inviting living area, three bedrooms, 1 bathroom and a practical layout designed for comfortable everyday living. The kitchen offers great

  Beatris Mayorga RE/MAX Precision

  2515 Des Moines St, Des Moines, IA 50317
• 

  

  /4

  $150,000

  • 2 Beds
  • 1 Bath
  • 934 Sq Ft

  3806 12th St, Des Moines, IA 50313

  Rental property opportunity! Positive rental income of $1050 with a rental certificate good through June 2027. This would also make a great home for someone looking to add equity to their investment. The seller has a large portfolio. Ask for more info!

  Abby Hausmann-Virgil Keller Williams Ankeny Metro

  3806 12th St, Des Moines, IA 50313
• 

  

  /17

  $295,000

  • 2 Beds
  • 2.5 Baths
  • 1,478 Sq Ft

  335 Forest Ave Unit 23, Des Moines, IA 50314

  Experience modern living in the charming, historic Riverbend neighborhood, just steps from all downtown has to offer—restaurants, The Casey’s Center, shops, bike paths, parks, hospitals, and I-235. This spacious two-story townhome offers nearly 1,500 sq ft with stainless steel appliances, LVP flooring, quartz countertops, 2 bedrooms, 2.5 baths, a deck, and a 2-car attached garage with SMART Home

  Justin Torres EXP Realty, LLC

  335 Forest Ave Unit 23, Des Moines, IA 50314
• 

  

  /15

  $125,000

  • 1 Bed
  • 1 Bath
  • 468 Sq Ft

  3839 Easton Blvd, Des Moines, IA 50317

  Welcome to affordable living or a smart investment opportunity with updated finishes throughout! This property offers LVP flooring, quartz countertops, stainless steel appliances, and extensive updates including a mini-split system, electrical, plumbing, windows, siding, and more. With the feel of a new home at an exceptional value, this is a turnkey opportunity you won't want to miss. All

  Taylor Olson RE/MAX Precision

  3839 Easton Blvd, Des Moines, IA 50317
• 

  

  /25

  $124,900

  • 2 Beds
  • 1 Bath
  • 599 Sq Ft

  2644 Chicago Ave, Des Moines, IA 50317

  Tiny living at its absolute finest. If you’re looking for a smart investment, a high-demand rental, or just want to live more affordably than renting an apartment, you have to see this 2-bedroom, 1-bath in Northeast Des Moines. At 599 sq. ft., every inch of this home has been maximized. The big stuff has been taken care of so you don't have to.?Outside, you get the privacy of a fully fenced

  MacKenzie Julich Agency Iowa

  2644 Chicago Ave, Des Moines, IA 50317
• 

  

  /15

  $113,000

  • 2 Beds
  • 1 Bath
  • 852 Sq Ft

  2505 SE 8th St, Des Moines, IA 50315

  Perhaps the perfect starter home—located within the NFC lending boundary, offering valuable financing opportunities for qualified homebuyers. This solid 2-bedroom, 1-bath ranch features a functional layout with main-level laundry, a good-sized backyard, and a single detached garage. (No garage opener.) Located within the lending area of Neighborhood Finance Corporation, this property may qualify

  Angela Loper RE/MAX Concepts

  2505 SE 8th St, Des Moines, IA 50315
• 

  

  /20

  $475,000

  • Studio
  • 6 Baths
  • 5,692 Sq Ft

  686 19th St, Des Moines, IA 50314

  686 19th Street is a well-located six-unit multifamily property in Des Moines’ historic Sherman Hill neighborhood, one of the city’s most desirable and character-rich areas. The property combines historic charm, neighborhood stability, and close proximity to downtown, making it attractive to both residents and investors. Sherman Hill is known for its tree-lined streets, classic architecture, and

  Tom Butler LPT Realty, LLC

  686 19th St, Des Moines, IA 50314
• 

  

  /35

  $296,900

  • 3 Beds
  • 4 Baths
  • 2,426 Sq Ft

  1080 35th St, Des Moines, IA 50311

  Remodeled three-bedroom, four-bathroom home located in the Drake neighborhood. This property offers ample space to accommodate a variety of needs, whether for owner-occupancy or investment purposes. Features include a fenced backyard with an above-ground pool, a private driveway, two additional off-street parking spaces accessible via the alley, and ensuite bathrooms for each bedroom. The home is

  Erin Rundall Keller Williams Realty GDM

  1080 35th St, Des Moines, IA 50311
• 

  

  /24

  $125,000

  • 2 Beds
  • 1 Bath
  • 986 Sq Ft

  1251 Sampson St, Des Moines, IA 50316

  Well-kept end-unit offering large bedrooms, great natural light, and durable laminate flooring throughout. This 2-bedroom, 1-bath home features a dry full basement for extra storage and a detached 1-car garage. Investors, don’t miss this opportunity — ask about a packaged sale including 1211, 1213, 1215, and 1251 Sampson Avenue for a turnkey multi-property investment.

  Karla Alaniz Keller Williams Realty GDM

  1251 Sampson St, Des Moines, IA 50316
• 

  

  /15

  $225,000

  • Studio
  • 2 Baths
  • 1,552 Sq Ft

  2904 62nd St, Des Moines, IA 50322

  Good investment opportunity. Each unit has 2 bedrooms and 1 full bath. The vacant unt shown in the photos has recently been updated. The shingles were replaced in 2025. Currently, the 2 car detached garage is being shared by the renters. This duplex has a City of Des Moines rental license through 9/13/2029.

  Jamie Smith Iowa Realty Beaverdale

  2904 62nd St, Des Moines, IA 50322
• 

  

  /13

  $164,000

  • 3 Beds
  • 2 Baths
  • 702 Sq Ft

  2724 College Ave, Des Moines, IA 50311

  Discover this newly updated 1.5 story home just steps from Drake University. Renovations include Luxury Vinyl Plank flooring, granite kitchen counters, a tiled backsplash, and new stainless-steel appliances. The main floor offers a primary bedroom, updated full bath with a step-in shower, and convenient laundry with washer/dryer included. Upstairs features an additional spacious bedroom with room

  Senada Agic RE/MAX Precision

  2724 College Ave, Des Moines, IA 50311
• 

  

  /26

  $142,000

  • 2 Beds
  • 2.5 Baths
  • 910 Sq Ft

  3832 15th St, Des Moines, IA 50313

  Looking for your first home or investment property? Look no further! This 2-bedroom, 2.5-bath home combines classic character with modern comfort. Enjoy peace of mind with updated electrical throughout, and a new central AC system installed within the past year. The inviting layout offers plenty of natural light, and cozy living spaces. On the main level you will see an open layout with a bedroom

  Ashton Verschuure RE/MAX Concepts

  3832 15th St, Des Moines, IA 50313
• 

  

  /12

  $169,999

  • 8 Beds
  • 5 Baths
  • 3,178 Sq Ft

  1420 9th St, Des Moines, IA 50314

  Own a piece of history in River Bend! This early 1900s Victorian stands tall in the River Bend Local Historic District with over 3,100 square feet of finished space, offering unique potential for restoration or multi-family investment. Inside, you'll find 8 bedrooms and 4 bathrooms across a layout that hints at prior multi-unit use, making it ideal for rental income, house hacking, or future

  George Romero RE/MAX Concepts

  1420 9th St, Des Moines, IA 50314
• 

  

  /4

  $170,000

  • 3 Beds
  • 1 Bath
  • 1,288 Sq Ft

  3802 12th St, Des Moines, IA 50313

  Great investment opportunity or a single-family home ready for you to make yours! One car garage and driveway off side street. Cute neighborhood! Tenant is on a month-to-month lease. The rental certificate is valid through June 2027; rent is currently $1,050 per month. Tenant pays all utilities and does snow and lawncare. 48-hour notice for showings. Seller has a 12 property portfolio for sale:

  Abby Hausmann-Virgil Keller Williams Ankeny Metro

  3802 12th St, Des Moines, IA 50313
• 

  

  /32

  $220,000

  • 4 Beds
  • 2 Baths
  • 1,636 Sq Ft

  1131 23rd St, Des Moines, IA 50311

  Located just minutes from Drake University, this property offers a fantastic opportunity for both homeowners and investors alike. 1131 23rd St features spacious living areas, comfortable bedrooms, and plenty of natural light throughout. The layout provides flexibility for everyday living, entertaining, or creating dedicated study spaces. The home’s convenient location near campus, local

  Sarah Shaffer Realty ONE Group Impact

  1131 23rd St, Des Moines, IA 50311
• 

  

  /19

  $310,000

  • Studio
  • 2,509 Sq Ft

  1148 36th St, Des Moines, IA 50311

  Investment opportunity! Looking for a solid real estate investment in Des Moines? Take a look at this 4plex in a prime location. 2 units are 2 bed, 1 bath. 2 units are 1 bed 1 bath. Gross income before expenses is $49,800/year. Walking distance to Drake college! Perfect for investors looking to add to their portfolio. Also, would make a great house hack investment. Buy and occupy for just about

  Gilbert Gonzales RE/MAX Precision

  1148 36th St, Des Moines, IA 50311
• 

  

  /3

  $170,000

  • 3 Beds
  • 2 Baths
  • 1,621 Sq Ft

  1352 E 12th St, Des Moines, IA 50316

  Welcome to this 1.5-story home with 1,621 sq ft, 3 bedrooms & 2 full bathrooms. The main level includes a spacious living room, dining room, large kitchen, one bedroom, laundry, and a full bath, along with a large enclosed front porch for additional usable space. The second floor features two more bedrooms, another full bathroom, and built in cabinet storage. Recent updates include a newer roof,

  Marceen Peters Realty ONE Group Impact

  1352 E 12th St, Des Moines, IA 50316
• 

  

  /10

  $550,000

  • Land
  • 24.55 Acres
  • $22,403 per Acre

  1670 E County Line Rd, Des Moines, IA 50320

  Discover the potential of this 24.55-acre land opportunity, zoned MX3-V—a highly flexible designation supporting light industrial, commercial, and mixed-use development. This expansive site offers room for warehouses, logistics operations, flex buildings, or a custom mixed-use project. With 11,200 vehicles per day (Iowa DOT) passing by, the property benefits from strong visibility and easy

  Matthew Fischer Keller Williams Realty GDM

  1670 E County Line Rd, Des Moines, IA 50320
• 

  

  /24

  $115,000

  • 4 Beds
  • 2 Baths
  • 1,804 Sq Ft

  302 E Bell Ave, Des Moines, IA 50315

  Prime investment opportunity just minutes from downtown Des Moines. This 4-bedroom, 2-bath home offers 1,804 sq ft and sits on an expansive .75 acre lot providing ample room to build a garage, shop, or large Morton-style building, with plenty of space left to spare. Rare chance to secure a large parcel so close to city amenities, employment, dining, and entertainment. Strong potential for those

  Cameron Campos RE/MAX Concepts

  302 E Bell Ave, Des Moines, IA 50315
• 

  /2

  $20,000

  • Land

  3107 2nd Ave, Des Moines, IA 50313

  Build your next home or investment property on this 6,500 sq ft lot in Des Moines!This property already has utilities on-site, making it even easier to start your project. Located in the Highland Park area, you?ll enjoy quick access to downtown, shopping, and schools.Whether you're a builder or future homeowner, this is a great opportunity to bring your vision to life.All information

  Beatris Mayorga RE/MAX Precision

  3107 2nd Ave, Des Moines, IA 50313
• 

  

  /20

  $135,000

  • 3 Beds
  • 1 Bath
  • 1,092 Sq Ft

  1211 Sampson St, Des Moines, IA 50316

  Two-story home featuring an attached 1-car garage, 3 bedrooms, and 1 bathroom. Located on Sampson Street, this property offers strong potential for investors or buyers looking to build equity. Ask about a package purchase opportunity — 1211, 1213, 1215, and 1251 Sampson can be purchased together for a multi-property investment bundle. Don’t miss this opportunity for a great investment!

  Karla Alaniz Keller Williams Realty GDM

  1211 Sampson St, Des Moines, IA 50316
• 

  

  /23

  $259,820

  • 3 Beds
  • 2.5 Baths
  • 1,617 Sq Ft

  7000 Lake Ridge Ave Unit 5, Des Moines, IA 50320

  This modern 2-story townhome featuring an open concept design, stylish kitchen, and plenty of natural light throughout. This home offers a blank canvas for your personal touches. An attached 2-car garage, efficient layout, and contemporary finishes make daily living easy and comfortable. With 6 years of tax abatement left, you’ll benefit from major cost savings. Townhome is rental/Airbnb-eligible

  Nicholas Williams Summit Real Estate Services

  7000 Lake Ridge Ave Unit 5, Des Moines, IA 50320
• 

  

  /18

  $199,900

  • 3 Beds
  • 2 Baths
  • 1,583 Sq Ft

  810 E Washington Ave, Des Moines, IA 50316

  Great opportunity for first-time home buyers or investors looking to build equity! This charming 1.5-story home offers 3 bedrooms, 2 bathrooms, and a detached 1-car garage. The property features a fully fenced yard, perfect for pets, outdoor gatherings, or added privacy. The home does need some TLC, creating a great opportunity to add your personal touch, make improvements, and build value over

  Beatriz Sosa RE/MAX Revolution

  810 E Washington Ave, Des Moines, IA 50316
• 

  

  /13

  $205,000

  • 3 Beds
  • 1 Bath
  • 1,080 Sq Ft

  1611 31st St, Des Moines, IA 50311

  Welcome to 1611 31st Street in Des Moines — a well-located home offering comfort, functionality, and convenience. This property features a practical layout with inviting living spaces, generous natural light, and everyday ease for modern living. The kitchen provides ample cabinet and counter space, while the bedrooms offer comfortable retreats. Enjoy the convenience of nearby schools, parks,

  Mackenzie Keenan Agency Iowa

  1611 31st St, Des Moines, IA 50311
• 

  

  /8

  $550,000

  • Land
  • 5.94 Acres
  • $92,671 per Acre

  7221 SE 5th St, Des Moines, IA 50315

  Take advantage of this 5.935-acre NX2-zoned site located immediately behind Southridge Mall, offering excellent potential for high-density multi-family housing, neighborhood commercial, or mixed-use projects. With utilities and road infrastructure already onsite, development is streamlined and cost-efficient. The corridor sees 5,900 vehicles per day, providing steady exposure. Even better—this

  Matthew Fischer Keller Williams Realty GDM

  7221 SE 5th St, Des Moines, IA 50315
• 

  /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
• 

  

  /8

  $405,000

  • Studio
  • 7 Baths
  • 3,174 Sq Ft

  732 19th St, Des Moines, IA 50314

  Great investment opportunity with cash flow in the historical Sherman Hill neighborhood. Property includes six 1-bedroom units and one 2-bedroom unit, with six units currently leased. Off street & street parking available. Professionally managed.Improvements include conversion to electric heat and required egress upgrades to meet city ordinances. Current rental certificate in place. Convenient

  Jamie Thompson Century 21 Signature

  732 19th St, Des Moines, IA 50314
• 

  

  /18

  $199,900

  • 3 Beds
  • 1 Bath
  • 1,575 Sq Ft

  4147 E 29th St, Des Moines, IA 50317

  Great investment opportunity! This home is in an established east Des Moines neighborhood. This inviting property features a functional layout with bright living spaces, a practical kitchen with ample cabinet and counter space, and generously sized bedrooms. Enjoy a spacious yard perfect for relaxing or entertaining. Conveniently located near shopping, dining, parks, and commuter routes. All

  Matt Law RE/MAX Precision

  4147 E 29th St, Des Moines, IA 50317
• 

  

  /16

  $210,000

  • 6 Beds
  • 2.5 Baths
  • 1,568 Sq Ft

  1175 21st St, Des Moines, IA 50311

  Excellent investment opportunity just steps from the Drake University campus! This spacious 2-story duplex offers strong rental potential with two generously sized units. Unit 1 features 2 bedrooms and 1 bath, while Unit 2 offers 4 bedrooms and 2 baths, perfect for student housing or multi-generational living. Both units have access to the shared basement, which includes laundry hookups and ample

  Ayeesha Ali RE/MAX Concepts

  1175 21st St, Des Moines, IA 50311

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