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34 Multi Family Homes For Sale in Des Moines, IA

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New
$180,000Est. Payment
4 Beds | -- Baths | 2,043 Sqft
3103 1st St, Des Moines, IA 50313
Multi Family For Sale

This 1.5 story duplex is fully occupied with 2 bedrooms and 1 bathroom in each unit. Main level unit has 820 sf. Upper level unit has 523 sf. Finished basement 700 sf. Some updates include new A/C units, new furnace and water heater, new roof just installed, new exterior siding. Finished basement. Call to schedule a showing! All information obtained from seller and public records.

New
$190,000Est. Payment
4 Beds | 2 Baths | 1,440 Sqft
4140 50th St, Des Moines, IA 50310
Multi Family For Sale

Hard to come by duplex ranch with great access to I35-80, 2 BEDROOM RANCH WITH FULL BASEMENT. NEW FURNACE & AC IN 4140 (south) spring of 2017. Large back yard, great location. All information obtained from seller and public records.

New
$175,000Est. Payment
4 Beds | 2 Baths | 1,780 Sqft
729 Sandahl Ave, Des Moines, IA 50316
Multi Family For Sale

The 3 story 2 apartment duplex is very clean! Both apartments are rented and have leases. There is a current rental certificate. This is a quiet residential location. The return is excellent. All information obtained from Seller and public records.

$170,000Est. Payment
-- Beds | 3 Baths | 2,328 Sqft
1349 E 12th Street, Des Moines, IA 50316
Multi Family For Sale

Amazing investment opportunity with two units in the first level and one extra large unit on the second level. All units have their own kitchen. New extra large boiler. One trash, gas and water bill. Three separate electric bills. Second level unit has cooling and heating systems. Two main level units do not have AC system.

$89,900Est. Payment
-- Beds | 2 Baths | 1,920 Sqft
1908 Capitol Avenue, Des Moines, IA 50316
Multi Family For Sale

Great investment opportunity with plenty of parking! Two units-1 bed/1 bath each. Has current rental certificate through 7/19/2022. Top unit currently rented and renting for $600/mo.

$219,900Est. Payment
6 Beds | 1 Bath | 1,216 Sqft
2516 Woodland Ave, Des Moines, IA 50312
Multi Family For Sale

Rare updated duplex on Des Moines' West side. Remodeled east unit currently vacant following just completed renovations(new kitchen, new bath, new paint, refinished floors, new fixtures, new dishwasher). West unit is tenant-occupied. Each unit has 3 bedrooms (1 up, 2 down) and updated full baths (east unit plumbed for an additional bathroom in the basement). Basement laundry hook-ups on both sides. Kitchen appliances included with both units. Shared driveway (new concrete) to shared 2-car detached garage. Ample off street parking as well as street parking. Many updates including new roof in 2021, remodeled bathrooms, new egress windows in both units. Fantastic location just west of downtown, walking distance to Ingersoll district. All information obtained from Seller and public records.

$159,900Est. Payment
-- Beds | 2 Baths | 1,794 Sqft
1316 York Street, Des Moines, IA 50316
Multi Family For Sale

Great duplex for sale! Main floor (unit 1) is a 3 bedroom unit, upstairs (unit 2) is a 2 bedroom unit. Unit 1: huge living room off the front deck, with two bedrooms off the living room toward the front of the home. Very spacious kitchen and dining area, appliances included. Full bathroom and third bedroom off the kitchen. In unit laundry, washer/dryer include with the home. Unit 2: Full kitchen and dining area, all appliances included. Spacious living room, flanked by full bathroom and two bedrooms. Both units have updated luxury vinyl planks (LVP) in Sep 2019 for easy maintenance. Roof and gutters were replaced Sep 2019, refrigerator unit 1 replaced 2019 (new). Gravel added in front driveway Feb 2021, back alley access with off street parking. Rent certificate just renewed 2021. Great rental property to add to your portfolio, call your favorite realtor to schedule a private tour today!

$219,900Est. Payment
6 Beds | 1 Bath | 1,216 Sqft
2516/2514 Woodland Avenue, Des Moines, IA 50312
Multi Family For Sale

Rare updated duplex on Des Moines' West side. Remodeled east unit currently vacant following just completed renovations(new kitchen, new bath, new paint, refinished floors, new fixtures, new dishwasher). West unit is tenant-occupied. Each unit has 3 bedrooms (1 up, 2 down) and updated full baths (east unit plumbed for an additional bathroom in the basement). Basement laundry hook-ups on both sides. Kitchen appliances included with both units. Shared driveway (new concrete) to shared 2-car detached garage. Ample off street parking as well as street parking. Many updates including new roof in 2021, remodeled bathrooms, new egress windows in both units. Fantastic location just west of downtown, walking distance to Ingersoll district. All information obtained from Seller and public records.

$139,900Est. Payment
-- Beds | -- Baths | -- Sqft
913 Walker Street, Des Moines, IA 50316
Multi Family For Sale

Investment Opportunity! Over 2,000 square feet tri-plex next to downtown for sale! 3 units - one 1-bedroom, one 2-bedroom, and one 3-bedroom, all three with separate entrances. Three separate kitchens, two units with dining room (1 & 2), two units with pantry (1 & 3), and all three units with full bathroom. Ample off street backyard parking, convenient access to I-235, cycling distance to East Village and Downtown Des Moines, and minutes to groceries and restaurants! Great rental income potential to add to your rental portfolio! Home does need some elbow grease, a great way to earn sweat equity and make this a cash cow for years to come! Call your favorite realtor to schedule a private tour today!

$132,000Est. Payment
2 Beds | 2 Baths | 1,214 Sqft
3905 8th St, Des Moines, IA 50313
Multi Family For Sale

Great home with Great Income. Renewed Rental Certificate as of October 2020. Contact an agent for a Private Showing.

$7,000
$133,000Est. Payment
4 Beds | 2 Baths | 1,870 Sqft
1928 9th St, Des Moines, IA 50314
Multi Family For Sale

Your next investment for your rental portfolio awaits. Or live in one side and rent the other side out (aka live free). This property currently has one tenant paying $800 a month and has been there for 3 years. The upper unit was $800 a month as well and has recently moved out. Both units are very spacious, 2 big bed rooms with 1 bath. Double stall garage. One stall for each unit, or somewhere to store your equipment. Tenant pays electric, gas. Landlord pays water. Dont miss your chance, call to schedule your showing. All information obtained from Seller and public records.

$7,500
$77,500Est. Payment
4 Beds | 2 Baths | 1,151 Sqft
1508 Arlington Avenue, Des Moines, IA 50314
Multi Family For Sale

Great value add duplex in the historic River Bend neighborhood of Des Moines. The City is doing extensive work on the 2nd 6th Ave Corridor and has long term interest in progressing the area. The property is directly across the street from Bates Park which is also under renovation. Up and coming neighborhood. This is a top down duplex. Bottom level is extra large with enclosed front porch for added space. New electrical baseboard wall heating installed in 2019, newer flooring around that time as well. Property is being sold with 1514 Arlington Ave (triplex), and with 309 Clark (4 bedroom home) as they all reside next to each other and share a driveway.

$330,000Est. Payment
-- Beds | 2 Baths | -- Sqft
10/12 16/18 E Porter Street, Des Moines, IA 50315
Multi Family For Sale

Attention Investors. Great set of income producing ranch built for purpose duplexes on the Greater Southside of Des Moines. Fully occupied and recently renewed City of Des Moines rental certificate, or will be renewed by closing. Each unit is 2 bed 1 bath and 900 square feet. All utilities are paid by the tenants. Total rent is $3050/mo, $200-300 under market rent. Two of the units have had some flooring and paint updates. These buildings don't have any basement, but do have extra storage throughout the units and an external storage closet with access from outside of the building. The roof has not been replaced in the last 9 years, 1 of 4 of the furnaces has been replaced in the last 5 years. AC units were updated in 2012. Fenced in back yard.

$7,500
$77,500Est. Payment
4 Beds | 2 Baths | 2,332 Sqft
1514 Arlington Avenue, Des Moines, IA 50314
Multi Family For Sale

Great value add duplex in the historic River Bend neighborhood of Des Moines. The City is doing extensive work on the 2nd 6th Ave Corridor and has long term interest in progressing the area. The property is directly across the street from Bates Park which is also under renovation. Up and coming neighborhood. This is a top down duplex. Bottom level is extra large with enclosed front porch for added space. New electrical baseboard wall heating installed in 2019, newer flooring around that time as well. Property sold AS IS, and is being sold with 1508 Arlington Ave (duplex), and with 309 Clark (4 bedroom home) as they all reside next to each other and share a driveway.

$240,000Est. Payment
-- Beds | -- Baths | 3,875 Sqft
1091 26th Street, Des Moines, IA 50311
Multi Family For Sale

Attention Investors. Great turnkey income producing 5 plex within 1 block of Drake University and the new development occurring along University Avenue. The asset is currently bringing in $2880/mo of rental income and the tenants pay many of the utilities. Over the last year the owners have updated and turned over units using a local professional property management company. Value add potential still exists by increasing rents on 3 of the units that are currently rented under market and including the fifth unit in the RUBS plan. The additional value add is estimated to be an additional $300-400/mo. 3 of the units have been remodeled/updated and have new appliances. The rental certificate is in the process of being renewed. Unit 1 = 600, Unit 2 = 785, Unit 3 = 665, Unit 4 = 340, Unit 5 = 520

$200,000Est. Payment
-- Beds | 3 Baths | 2,247 Sqft
1151 Martin Luther King Jr Parkway, Des Moines, IA 50314
Multi Family For Sale

Apt 1. 750/mo Apt2. 675/mo Apt.3 675/mo. Property has had an active pest control contract since 2004. The apartments have been updated in the last 5 years with new LVP. The front porch foundation was redone in 2017. The steel dormer roof was done in 2017.

$150,000Est. Payment
5 Beds | 2 Baths | 2,544 Sqft
1429 Martin Luther King Jr Pkwy, Des Moines, IA 50314
Multi Family For Sale

GREAT INCOME property. This duplex had a fire and has been redone. Expected rents $950 and $750. Property is close to downtown, Drake University, easy access to I-235 and on a bus route. Additional storage and shared washer and dryer in basement. Plenty of tenant off-street parking behind building with access from street or alley.

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