$1,600,000

1011 SE 3rd St Ankeny, IA 50021

Southeast Ankeny Neighborhood

Estimated payment $10,083/month

Total Views 82
7 Beds
4 Baths
16,608 Sq Ft
$96 Price per Sq Ft

Highlights

  • The community has rules related to allowing live work
  • Brick or Stone Mason
  • Energy-Efficient Appliances
  • Parkview Middle School Rated A
  • Living Room
  • Property is near schools

About This Home

Presenting an excellent investment opportunity in the growing Des Moines metro – this 18-unit multifamily property is located in the desirable and high-demand suburb of Ankeny, Iowa. Built in 1980, the property features a mix of one- and two-bedroom ( 1 one bedroom/ 1 bath, and 17 two bedroom/ 1 bath) units across a well-maintained three-story building, situated on a spacious lot with ample off-street parking. Located just minutes from downtown Ankeny and a short drive to Des Moines, this property sits in a strategic position for workforce housing. With Ankeny's continued population growth and economic development, this asset is well-positioned for strong long-term performance. Ideal for investors seeking a stable, cash-flowing property with upside potential in one of Iowa’s fastest-growing communities.

Listing Agent

Joanne Stevens

Iowa Realty, Inc. - CR Listed on: 09/26/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Parking

  • 4 Parking Spaces

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 16,608 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Eco-Friendly Details

  • Energy-Efficient Appliances

Location

  • Property is near schools
  • Property is near shops

Schools

  • East Elementary School
  • Smart Middle School
  • West High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 802424233000

Community Details

Overview

  • 18 Units
  • The Maples Subdivision
  • The community has rules related to allowing live work

Building Details

  • Electric Expense $1,168
  • Fuel Expense $2,160
  • Insurance Expense $10,459
  • Maintenance Expense $27,018
  • Water Sewer Expense $11,384
  • Gross Income $226,794

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Presenting an excellent investment opportunity in the growing Des Moines metro – this 18-unit multifamily property is located in the desirable and high-demand suburb of Ankeny, Iowa. Built in 1980, the property features a mix of one- and two-bedroom ( 1 one bedroom/ 1 bath, and 17 two bedroom/ 1 bath) units across a well-maintained three-story building, situated on a spacious lot with ample off-street parking. Located just minutes from downtown Ankeny and a short drive to Des Moines, this property sits in a strategic position for workforce housing. With Ankeny's continued population growth and economic development, this asset is well-positioned for strong long-term performance. Ideal for investors seeking a stable, cash-flowing property with upside potential in one of Iowa’s fastest-growing communities.
  • Year Built: 1980
  • Subdivision: The Maples
  • Rental Permit: Yes
  • Water Annually: 11384
  • Directions: From I-35, go west on East First St, south on SE Delaware Ave, and west on SE 3rd St. Building is second drive on left.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Close to School, Close to Shopping, Live/Work
  • Basement Remarks: Slab
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Energy Efficient
  • Sq Ft Above: 16608

Exterior Features

  • Construction: Brick, Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 1168
  • Gas Annually: 2160
  • Heating Cooling: Electric, Gas, Central, Forced Air

Schools

  • High School: West
  • Jr Middle School: Smart
  • Elementary School: East Elementary

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: Irregular
  • Zoning: C-2

Tax Info

  • Assessor Parcel Number: 802424233000

Multi Family

  • Units Total: 18

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2025 09/26/25 For Sale $1,600,000 0.0% $96 / Sq Ft
04/20/2024 04/20/24 Price Changed $950 -4.5% $1 / Sq Ft
04/17/2024 04/17/24 Price Changed $995 +4.7% $1 / Sq Ft
04/06/2024 04/06/24 Price Changed $950 -4.5% $1 / Sq Ft
12/05/2023 12/05/23 Price Changed $995 +4.7% $1 / Sq Ft
11/07/2023 11/07/23 Price Changed $950 -4.5% $1 / Sq Ft
11/07/2023 11/07/23 Price Changed $995 +4.7% $1 / Sq Ft
10/18/2023 10/18/23 Price Changed $950 -4.5% $1 / Sq Ft
09/27/2023 09/27/23 Price Changed $995 +7.6% $1 / Sq Ft
08/08/2023 08/08/23 For Rent $925 0.0% --
07/11/2023 07/11/23 Price Changed $925 -7.0% $1 / Sq Ft
06/21/2023 06/21/23 For Rent $995 0.0% --
05/20/2023 05/20/23 Price Changed $995 +22.1% $1 / Sq Ft
12/17/2022 12/17/22 For Rent $815 -- --
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202506048

Iowa City Area Association of REALTORS®
Iowa Polk County Ankeny 50021 Southeast Ankeny

1011 SE 3rd St, Ankeny, IA

This home is located at 1011 SE 3rd St, Ankeny, IA 50021 and is currently priced at $1,600,000, approximately $96 per square foot. This property was built in 1980. 1011 SE 3rd St is a home located in Polk County with nearby schools including East Elementary School, Parkview Middle School, and Southview Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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Joanne Stevens
Listing Agent
Joanne Stevens
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Iowa Realty, Inc. - CR
(515) 466-5232