Investment - Homes for Sale in Des Moines, IA

• 

  

  

  /13

  $129,900

  • 2 Beds
  • 1 Bath
  • 768 Sq Ft

  1916 Jefferson Ave, Des Moines, IA 50314

  Charming and affordable 2-bedroom, 1-bath home that's been recently updated! Fresh paint and new flooring give this home a clean, modern feel. The interior is bright, inviting, and move-in ready. Whether you're a first-time homebuyer, looking to downsize, or searching for an investment property, this home offers great value at an affordable price. Don't miss this opportunity!

  Zineta Imamovic Realty ONE Group Impact

  1916 Jefferson Ave, Des Moines, IA 50314
• Selling your home? Sell it faster and for more with a Homes.com Boost.

  Learn More
• 

  

  

  /14

  $275,000

  • Studio
  • 2 Baths
  • 1,408 Sq Ft

  121 E Watrous Ave, Des Moines, IA 50315

  Attention investors and owner occupants. This updated duplex is a fantastic opportunity to build wealth through real estate while generating rental income. Whether you're looking to add to your investment portfolio or live in one unit and rent the other, this property offers flexibility and long term potential. Both units feature durable luxury vinyl plank flooring throughout with no carpet,

  Shonna Murrey Epique Realty

  121 E Watrous Ave, Des Moines, IA 50315
• 

  

  

  /21

  $189,000

  $21K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 1,649 Sq Ft

  2710 Adams Ave, Des Moines, IA 50310

  Spacious and full of potential, this 3-bedroom, 1-bath home offers 1,649 sq ft of comfortable living space with a layout that provides room to spread out. Recently refreshed with fresh paint and a thorough cleaning, the home is move-in ready while still offering opportunities to make it your own. The oversized two-car garage adds convenience and extra storage, and the wooded backyard creates a

  Suzana Dobrosavljevic RE/MAX Concepts

  2710 Adams Ave, Des Moines, IA 50310
• 

  

  

  /14

  $129,900

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  309 E 25th St, Des Moines, IA 50317

  This 2-bedroom, 1-bath home offers a functional layout with plenty of potential. Conveniently located near the Iowa State Fairgrounds with easy access to downtown Des Moines, shopping, dining, and major roadways. Whether you're looking for your next home or an investment property, this is a great opportunity at an affordable price. Schedule your showing today!

  Lindsay Prothero GoSynergy Realty

  309 E 25th St, Des Moines, IA 50317
• 

  

  

  /21

  $275,000

  • 6 Beds
  • 2 Baths
  • 2,142 Sq Ft

  2940 Brattleboro Ave, Des Moines, IA 50311

  Ready to start or expand your real estate investment portfolio? Look at this rare opportunity in thecoveted Drake neighborhood. Well maintained with updated rental certificate, 2 unit with privateassigned parking for 5. Each unit has updated flooring, cabinetry, appliances and in unit laundry.Unit 1 is a 3 bedroom with a fabulous kitchen space and loads of charm. Unit two is a

  Adam Steger Realty ONE Group Impact

  2940 Brattleboro Ave, Des Moines, IA 50311
• 

  

  /13

  $370,000

  • Studio
  • 3,374 Sq Ft

  2905 High St, Des Moines, IA 50312

  Exceptional investment opportunity in one of Des Moines' most desirable and walkable neighborhoods!This 4-plex at 2905 High Street is ideally positioned just blocks from the thriving Ingersoll Avenuecorridor, where tenants can enjoy some of the city's best local restaurants, coffee shops, breweries,and everyday conveniencesall within walking distance.Properties in this location

  Sarah Shaffer Realty ONE Group Impact

  2905 High St, Des Moines, IA 50312
• 

  

  /25

  $187,500

  $8K PRICE DROP

  • Studio
  • 2 Baths
  • 1,586 Sq Ft

  1019/1021 Kirkwood Ave, Des Moines, IA 50315

  Calling All Investors! This duplex is a fantastic opportunity to start your rental portfolio or add two income-producing doors to your existing investments. Conveniently located near a bus line with a short commute to downtown, the property is also close to MacRae Park and Lincoln High School. The main-level unit features two bedrooms, one bath, a full kitchen, and additional storage space in the

  Pennie Carroll Pennie Carroll & Associates

  1019/1021 Kirkwood Ave, Des Moines, IA 50315
• 

  

  /4

  $200,000

  $10K PRICE DROP

  • Studio
  • 5 Baths
  • 4,067 Sq Ft

  3400 Ravina Dr, Des Moines, IA 50313

  A converted Victorian single-family with original detail intact throughout. Now a five-unit investment property in Des Moines' Oak Park neighborhood, 4,067 sq ft on .37 acres. Built in 1897 with original Victorian detail throughout - ornate staircase, original millwork, stained glass, and fireplace with intact surround. Two units appear to have been updated with newer kitchens and flooring. The

  Heather Wright RE/MAX Concepts

  3400 Ravina Dr, Des Moines, IA 50313
• 

  

  /27

  $172,000

  $16K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 1,246 Sq Ft

  1107 Morton Ave, Des Moines, IA 50316

  ALL-brick 3-bedroom home ideally located near Grand View University! You'll appreciate the timeless curb appeal and low-maintenance exterior that make this home as practical as it is inviting. Inside, classic character shines with crown molding, high baseboards, original doors, and beautiful wood floors in the bedrooms. The living room is a true highlight, featuring a wood-burning

  Casee Woodley RE/MAX Precision

  1107 Morton Ave, Des Moines, IA 50316
• 

  

  /27

  $199,000

  • Studio
  • 2 Baths
  • 3,729 Sq Ft

  1527 Forest Ave, Des Moines, IA 50314

  Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and

  Adam Metzker 515 Rentals & Sales LLC

  1527 Forest Ave, Des Moines, IA 50314
• 

  

  /21

  $270,000

  • 4 Beds
  • 1 Bath
  • 1,276 Sq Ft

  1617 College Ave, Des Moines, IA 50314

  This is a nice house for a first time home buyer or if you are looking an investment property. This house features 3 bedroom & 1 bathroom updated in the last couple of years. The plumbing & electrical systems were replace in 2016, The Central A/C unit was replaced in the Summer 2025 and the basement was waterproofed in November 2025. The front deck was also replaced recently.

  Rafael Geronimo Century 21 Signature

  1617 College Ave, Des Moines, IA 50314
• 

  

  /10

  $180,000

  $5K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,133 Sq Ft

  6008 University Ave, Des Moines, IA 50311

  This home offers fantastic space, large bedrooms, full basement with potential and a super convenient location; close to a bus stop and access to the freeway commuting in any direction is a breeze! If you have the talent this solid home is a worthwhile investment. Interior projects would include the kitchen and some fresh paint. The 2 main floor bedrooms are spacious and the bathroom has been

  Andrea Taylor RE/MAX Concepts

  6008 University Ave, Des Moines, IA 50311
• 

  

  /13

  $149,900

  • 2 Beds
  • 1 Bath
  • 1,009 Sq Ft

  1903 E Creston Ave, Des Moines, IA 50320

  Move-in ready with a functional layout and plenty of space to make your own! The main level offers a bright living area, a spacious kitchen with ample cabinet and counter space, and a dining area perfect for everyday living. Upstairs you'll find generously sized bedrooms and a full bathroom, while the attached garage provides additional storage and convenience. Whether you're searching for your

  Lindsay Prothero GoSynergy Realty

  1903 E Creston Ave, Des Moines, IA 50320
• 

  /2

  $165,000

  • 3 Beds
  • 2 Baths
  • 1,300 Sq Ft

  6107 SW 14th St, Des Moines, IA 50315

  Priced under assessed value! Great home, priced to sell and quick possession possible. 2 additional non-conforming rooms in the basement. Some work needed but factored in the priced. Schedule your appt right away. Great investment or rental potential. There is a 2 car garage space behind the home with no access to use it as a garage - currently used like a work out area/mancave/ covered area to

  Natasha Ratliff RE/MAX Precision

  6107 SW 14th St, Des Moines, IA 50315
• 

  

  /17

  $127,500

  $28K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,618 Sq Ft

  1600 E 13th St, Des Moines, IA 50316

  1600 E 13th Street offers an excellent opportunity for investors, renovators, or buyers looking to create value. Currently offered at the “as-is” price of $135,000, this property has strong potential with a remodeled price at 205,000. Previously used as an investment property, this home is ready for updates and improvements to unlock its full potential. Included photos showcase both the current

  Heath Moulton Spire Real Estate

  1600 E 13th St, Des Moines, IA 50316
• 

  

  /14

  $87,000

  • 2 Beds
  • 1 Bath
  • 876 Sq Ft

  2328 E 14th St, Des Moines, IA 50316

  Opportunity awaits with this 2-bedroom, 1-bath ranch bungalow located just down the street from Grand View University, offering excellent potential as an investment property or future rental. The home features a welcoming 3-season front porch, a side deck, 2-car detached garage, and alley access for added convenience. Recent updates include a new roof (2024), new PEX plumbing, new water heater,

  Kelly Glawe Iowa Realty South

  2328 E 14th St, Des Moines, IA 50316
• 

  

  /26

  $153,000

  $20K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 834 Sq Ft

  1119 Euclid Ave, Des Moines, IA 50313

  Affordable, practical, and full of potential! 2-bedroom, 1-bath home with a detached 1-car garage and an unfinished basement! Whether you are searching for your first home, a downsizing option, or an investment property, this home is a great opportunity in Des Moines!

  Elizabeth Keller CHASE Collective

  1119 Euclid Ave, Des Moines, IA 50313
• 

  

  /27

  $150,000

  • 3 Beds
  • 1 Bath
  • 1,050 Sq Ft

  2420 E 37th Ct, Des Moines, IA 50317

  Welcome to 2420 E 37th Ct! This charming 3-bedroom home offers 2 bedrooms on the main level plus a finished attic that provides a spacious third bedroom or flexible living space. The walk-out basement offers excellent storage and potential for future finishing or additional living space. Whether you're looking for an affordable move-in-ready home to make your own over time or an investment

  Chinda Khamboun LPT Realty, LLC

  2420 E 37th Ct, Des Moines, IA 50317
• 

  

  /35

  $260,000

  $25K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 1,080 Sq Ft

  2306 48th Place, Des Moines, IA 50310

  Great Opportunity for First-Time Buyers or Investors in Beaverdale! This charming ranch home in Beaverdale is the perfect fit whether you’re looking for your first home or a solid investment property. Step inside to find beautiful hardwood floors in the living and dining rooms, creating a warm and inviting space. The dining area flows right into a spacious white kitchen, offering plenty of room

  Tiffany Huynh Huynh Realty

  2306 48th Place, Des Moines, IA 50310
• 

  

  /5

  $34,900

  • Land
  • 5,967 Sq Ft
  • $254,745 per Acre

  6 Hartford Ave, Des Moines, IA 50315

  Don’t miss this opportunity to own a blank slate in a growing neighborhood just minutes from downtown. This lot offers convenient access to restaurants, shops, parks, and major highways. Nestled among mature trees, it’s a perfect spot to build your dream home or investment property. Utilities available at the street. Drive by and imagine the possibilities! Project is shovel ready with city

  Celeste Rose Real Broker, LLC

  6 Hartford Ave, Des Moines, IA 50315
• 

  

  /35

  $549,900

  $75K PRICE DROP

  • 7 Beds
  • 4 Baths
  • 3,223 Sq Ft

  930 18th St, Des Moines, IA 50314

  Amazing multi used zoning property! COMMERCIAL or Residential! Nestled in the coveted Sherman Hill Historical District, this stunning 7 bedroom, 4 full bathroom masterpiece boasts over 4,300 finished square feet of living space, blending timeless character with cutting edge modern amenities. Meticulously restored and relocated to this prestigious neighborhood in 2019, the property features a

  Gilbert Gonzales RE/MAX Precision

  930 18th St, Des Moines, IA 50314
• 

  

  /10

  $99,900

  $55K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 952 Sq Ft

  1614 Jefferson Ave, Des Moines, IA 50314

  1614 Jefferson presents a fantastic opportunity for buyers seeking a beautifully updated home or a strong investment property in Des Moines. O, this property highlights the transformation potential from its original condition into a refreshed, modernized home with added value and appeal. Buyer may participate in the final selections if desired. Previously utilized as an investment property, the

  Heath Moulton Spire Real Estate

  1614 Jefferson Ave, Des Moines, IA 50314
• 

  

  /20

  $115,000

  $4K PRICE DROP

  • Studio
  • 2 Baths
  • 2,842 Sq Ft

  1448 8th St, Des Moines, IA 50314

  Great investment opportunity with this centrally located duplex in Des Moines! This property featurestwo units: one 3 bedroom, 1 bath unit and one 2 bedroom, 1 bath unit. Both units are equipped with inunit laundry, offering added convenience for tenants. Whether you're looking to expand your investmentportfolio or live in one unit while renting the other, this property offers excellent

  Jeff Kinion Realty ONE Group Impact

  1448 8th St, Des Moines, IA 50314
• 

  

  /35

  $300,000

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

  1700 E 14th St, Des Moines, IA 50316

  Spacious and versatile 5-bedroom, 3-bath home situated on a prime corner lot just down the street from Grand View College. This property offers incredible flexibility with a rare 3-car garage, additional living quarters above the garage, and attic space that adds even more potential. Inside, you’ll find generous living spaces and a layout that can easily accommodate a variety of living

  Talor Woodson Iowa Realty Ankeny

  1700 E 14th St, Des Moines, IA 50316
• 

  

  /24

  $259,820

  • Studio
  • 2 Baths
  • 1,617 Sq Ft

  7000 Lake Ridge Ave Unit 1, 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 1, Des Moines, IA 50320
• 

  

  /14

  $235,000

  $5K PRICE DROP

  • 3 Beds
  • 3 Baths
  • 1,037 Sq Ft

  2735 College Ave, Des Moines, IA 50311

  Completely rebuilt from the studs in 2022, this beautifully renovated home offers the perfect combination of modern finishes, functional space, and investment potential. Featuring 3 spacious bedrooms, 3 bathrooms, plus a 4th nonconforming bedroom, there's plenty of room for family, guests, a home office, or workout space. Previously rented for $2,300 per month, this property presents an excellent

  Lora Olerich Heartland Realty

  2735 College Ave, Des Moines, IA 50311
• 

  

  /35

  $165,000

  $10K PRICE DROP

  • 2 Beds
  • 2 Baths
  • 926 Sq Ft

  3600 Dubuque Ave, Des Moines, IA 50317

  Welcome to this move in ready Des Moines home offering the perfect blend of comfort, space, and convenience! This well-maintained property features a functional layout with spacious living areas, abundant natural light, and plenty of room to make it your own. The kitchen offers great cabinet and prep space and flows seamlessly into the main living area, making everyday living and entertaining

  Alec Hernandez RE/MAX Real Estate Center

  3600 Dubuque Ave, Des Moines, IA 50317
• 

  

  /15

  $620,000

  • Studio
  • 9 Baths
  • 4,858 Sq Ft

  1940 Arlington Ave, Des Moines, IA 50314

  Built for cash flow and positioned for long-term upside, this 9-unit apartment building in Des Moines’ historic River Bend neighborhood offers an attractive opportunity for investors seeking immediate income. The property features eight 1-bedroom units and one 2-bedroom unit and is currently fully rented aside from one unit, providing strong in-place occupancy with an opportunity to lease the

  Ryan Rohlf Keller Williams Legacy Group

  1940 Arlington Ave, Des Moines, IA 50314
• 

  

  /8

  $115,000

  $20K PRICE DROP

  • 3 Beds
  • 1 Bath
  • 960 Sq Ft

  3301 7th St, Des Moines, IA 50313

  1600 E 13th Street offers an excellent opportunity for investors, renovators, or buyers looking to create value. Currently offered at the “as-is” price of $134900, this property has strong potential with a remodeled price at 175,000. Previously used as an investment property, this home is ready for updates and improvements to unlock its full potential. Included photos showcase both the current

  Heath Moulton Spire Real Estate

  3301 7th St, Des Moines, IA 50313
• 

  

  /32

  $539,000

  $51K PRICE DROP

  • 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
• 

  

  /4

  $129,000

  $45K PRICE DROP

  • 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. Brand new furnace and AC in June 2026! The seller has a large portfolio. Ask for more info!

  Abby Hausmann-Virgil Keller Williams Ankeny Metro

  3806 12th St, Des Moines, IA 50313
• 

  

  /24

  $129,000

  $40K PRICE DROP

  • Studio
  • 6 Baths
  • 2,430 Sq Ft

  1430 8th St, Des Moines, IA 50314

  Investor Special, Value-Add Opportunity Near Downtown Des Moines!1430 8th St is a 6-unit multifamily property now fully vacant and cleared, offering a rare opportunity for investors to renovate and reposition for maximum returns. Previously configured as six 1-bedroom units, this property is ready for updates and lease-up. Located just minutes from downtown with convenient access to shopping,

  Crystal Arguello Realty ONE Group Impact

  1430 8th St, Des Moines, IA 50314
• 

  

  /17

  $269,000

  $26K PRICE DROP

  • 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
• 

  

  /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
• 

  

  /32

  $235,000

  $40K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 975 Sq Ft

  1512 Richmond Ave, Des Moines, IA 50316

  Beautifully renovated and move-in ready! This solid brick ranch offers an exceptional opportunity for homeowners and investors alike. Thoughtfully updated throughout, you'll enjoy peace of mind with a new roof, gutters, and downspouts on both the home and garage, updated electrical, stylish light fixtures, and a beautifully remodeled kitchen with quartz countertops and stainless steel appliances.

  Kim Poam Logan RE/MAX Concepts

  1512 Richmond Ave, Des Moines, IA 50316
• 

  

  /19

  $280,000

  $5K PRICE DROP

  • Studio
  • 3 Baths
  • 1,710 Sq Ft

  2712 Dean Ave, Des Moines, IA 50317

  Opportunity knocks with this cash-flowing investment property featuring an up/down duplex and a detached efficiency unit, providing three separate income-producing units on one lot. The property offers a spacious 4-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a detached efficiency unit, all conveniently located near the Iowa State Fairgrounds with easy access to downtown Des Moines. It has

  Ryan Rohlf Keller Williams Legacy Group

  2712 Dean Ave, Des Moines, IA 50317
• 

  

  /9

  $127,000

  $8K PRICE DROP

  • 3 Beds
  • 1.5 Baths
  • 1,108 Sq Ft

  902 24th St, Des Moines, IA 50312

  This 3 bedroom home on a corner lot on a quiet street presents a fantastic opportunity for buyers seeking a fixer upper with high equity potential or an investment property in Des Moines. Previously utilized as an investment property, the listing is being marketed "as is". Whether you’re looking for your next opportunity to add to your investment portfolio, or a home you can update with style and

  Heath Moulton Spire Real Estate

  902 24th St, Des Moines, IA 50312
• 

  

  /12

  $340,000

  $10K PRICE DROP

  • 4 Beds
  • 3.5 Baths
  • 2,082 Sq Ft

  3818 SW 31st St, Des Moines, IA 50321

  Home Sold As is. Looking for an investment property or some instant equity this is the home for you. This home offers 2098 sq footage up and 2098 sq footage down. 4 bedrooms, 4 bathrooms, Large office down. Finished lower level, walk out. Covered deck, 2 fireplaces. Fenced yard 0.696 acres. AC replaced approx. 2023, Furnace replaced 2024. Updated -kitchen, primary bath and main floor bathroom.

  Catina Gomez Realty ONE Group Impact

  3818 SW 31st St, Des Moines, IA 50321
• 

  /2

  $172,500

  • 3 Beds
  • 1 Bath
  • 732 Sq Ft

  2504 E 37th St, Des Moines, IA 50317

  This affordable 3-bedroom, 1-bath is fully updated and ready for new owners! Featuring 732 sq. ft. of living space on a 6,300 sq. ft. lot, this home provides a functional layout and plenty of potential to make it your own. Major exterior improvements were recently completed, including a new roof, siding, and gutter system in August 2026, offering added peace of mind for the next owner.

  Beatris Mayorga RE/MAX Precision

  2504 E 37th St, Des Moines, IA 50317
• 

  

  /4

  $159,000

  $36K PRICE DROP

  • 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

Showing Results 41 - 80, Page 2 of 3