Investment Opportunity! This duplex has an active rental certificate. The one bedroom unit is occupied. The two bedroom unit is vacant and has a fresh coat of paint and all cleaned up ready for the next occupant. Each unit has a kitchen which includes a stove, refrigerator and dishwasher, full bath, and its own laundry area. The vacant unit has a finished basement that includes a bedroom

Marlene Thatcher Keller Williams Realty GDM

POTENTIAL UP-DOWN DUPLEX – Listed as a “conversion” on the assessor, this property is brimming with potential at a price point that makes sense. Bring your hard hat and imagination—this one’s ready for a fresh start and offers plenty of upside for investors or handy buyers. With great bones and endless possibilities, it’s the kind of project that could really pay off once given the love it

Mitch Coluzzi Real Broker, LLC

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

In Place Cap Rate - 9.35%Rental Assistance CoC - 13.10%Market Rents Cap Rate - 8.42%Market Rents CoC - 9.35%High Efficiency Boiler (2024)Water Heaters (2022)Updated Plumbing9) 2BR/1BA Units2) 1BR/1BA Units90% of units feature LVP and fresh paint.

Ross Quintero Stanbrough Realty Company

Income-Producing 4-Unit Multi-Family in Des Moines! Ideally located just minutes from downtown Des Moines and steps from public transportation, this clean, well-maintained four-plex is a turnkey investment. The building offers two two-bedroom, one-bath units and two three-bedroom, one-bath units , all with a current rental certificate—an excellent opportunity for investors or live-in

Angela Ousley Zealty Home Advisors

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

Discover a prime investment opportunity with this well-maintained two-unit duplex. Each unit features 1 spacious bedroom and a full bath, offering comfortable living for tenants. Ideal for investors seeking consistent rental income, this property is located in a highly desirable area with convenient access to shopping, parks, and top-rated schools. Whether you’re looking to expand

Jody Henkenius BHHS First Realty Westown

Discover the potential in this Des Moines multifamily property, Perfect for investors and flippers alike. This property features two units. A cozy-2-bedroom, 1-Bathroom unit complete with its own kitchen and living area. Ideal for singles, couples, or as a rental unit. Another spacious 3-bedroom, 1- bathroom unit, also equipped with a private kitchen and living area. Perfect for families or

Amanda Welch RE/MAX Concepts

This spacious duplex offers great flexibility for living or investment. Located in the WDM school district with quick access to shopping, dining, and major commuter routes, the property has a strong rental history with low vacancy. The main-level unit features 3 bedrooms and 2 full bathrooms, with a bright and open layout that’s perfect for both everyday living. A comfortable living room flows

Chris Betts RE/MAX Real Estate Center

This cash-flowing 3-unit property features flexible month-to-month tenants and currently generates $1,875 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 3-unit property features flexible month-to-month tenants and currently generates $2,300 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 3-unit property features flexible month-to-month tenants and currently generates $2,350 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

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

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 fully rented 3-plex offers a strong investment in the heart of Des Moines, featuring three 1-bedroom, 1-bathroom units with current rents at $700, $775, and $800. With steady cash flow and low vacancy risk, this property is ideal for both seasoned investors and those looking to start or grow their portfolio. Recent updates provide peace of mind and added value, including a new installed

Jeffrey Horner Gillum Group Real Estate LLC

Complete remodel ready for new tenants. Potential is endless with this all brick solid duplex. Detached 2 car garage with tons of extra storage. Easy to show!

Bradley Johnson Keller Williams Legacy Group

Turnkey duplex offering strong cash flow from day one! Unit A features 2 bedrooms and 1 full bath, while Unit B offers 4 bedrooms and 2 baths - ideal for maximizing rental income. Both units are spacious and well-maintained, making this a perfect addition to any investor's portfolio. Recent updates include a newer roof and siding, reducing future maintenance costs. Tenants enjoy off-street

Jordan Jackson RE/MAX Revolution

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

Great duplex! Newly remodeled! Each unit has three bedrooms and one bathroom. Two current tenants that are willing to stay but could be moved. Additional parking in back.

Brandon Johnson RE/MAX Cornerstone

This cash-flowing 6-unit property features flexible month-to-month tenants and currently generates $3,850 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 duplex at 1503 Forest Ave, Des Moines offers two rental units: a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit; perfect for investors looking for steady rental income. It comes with a current rental certificate and has been upgraded through the City of Des Moines Weatherization Program, improving energy efficiency. Additional highlights include a brand-NEW furnaces one for each unit

Ingrid Williams RE/MAX Concepts

Such an amazing chance to start or build your investment portfolio. This fully rented multifamily property brings in steady income and has been well maintained. Located centrally with easy access to everything, it is attractive for renters. Must request showing AT LEAST 48 hours in advance.

Sarah Shaffer Realty ONE Group Impact

Now is your chance to own a solid investment property near the Veterans Hospital! This well-maintained triplex offers excellent rental income with three fully occupied units—two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Current rents are $1,030, $1,150, and $950 per month. Each unit has access to shared laundry facilities in the basement. A new roof was installed in 2021. The rental

Bradley Johnson Keller Williams Legacy Group

Mike Sudman Top Shelf Realty