1940 Arlington Avenue, Des Moines, IA 50314
- $620,000
- 10
- BD
- 9
- BA
- 4,858
- SqFt
- List Price
- $620,000
- Status
- ACTIVE
- Days on Market
- 15
- MLS#
- 744968
- Subtype
- Multi Family
- Style
- Two Story
- Architectural Style
- Two Story
- Year Built
- 1926
- Bedrooms
- 10
- Bathrooms
- 9
- Full Baths
- 9
- Living Area
- 4,858
- Lot Size
- 15,577
- Acres
- 0.36
- MLS Area Major
- Des Moines N.West
Property Description
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 remaining space. Current performance exceeds the 1% rule, making this a compelling addition to an investment portfolio. Residents enjoy a beautiful courtyard and outdoor common area, while newer concrete work at the entrance adds to the property’s curb appeal and functionality. A 2-car garage and additional basement storage provide further value and operational flexibility. Conveniently located near downtown Des Moines, employment centers, transit, and neighborhood amenities, 1940 Arlington Avenue combines dependable rental income, desirable unit mix, and future potential in an established urban neighborhood.
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Additional Information
- Taxes
- $8,652
- Property Description
- Two Story
- Zoning
- Res
- Flooring
- Carpet, Vinyl
- Heating
- Hot Water, Natural Gas
- Air Conditioning
- Window Unit(s)
- Stories
- 2
- Roof
- Asphalt, Shingle
- Foundation
- Block
- Parking Features
- Detached, Garage, Two Car Garage
- Garage Spaces
- 2
- School District
- Des Moines Independent
Mortgage Calculator
Listing courtesy of Keller Williams Legacy Group.
Data courtesy of the Des Moines Area Association of REALTORS