5555 SW 9th St - Apartments FOR SALE


Des Moines, IA 50315- Fort Des Moines
$1,650,000 USD
712-304-2149
5555 SW 9th St, Des Moines, IA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/14
null | 8.26% Cap Rate

5555 SW 9th St
Des Moines, IA 50315
Fort Des Moines


HIGHLIGHTS

  • Minutes from Des Moines International Airport, which is currently undergoing a $600 million expansion
  • 8.26% cap rate
  • 97% occupancy
  • New roof and siding in 2023

OVERVIEW

CBRE is pleased to present the opportunity to acquire Goldbriar Chateau, a 30-unit, value-add multifamily community located in Des Moines, Iowa—one of the Midwest’s fastest-growing and most resilient metropolitan areas. Goldbriar Chateau is strategically positioned just off SW 9th Street, a primary north–south arterial providing excellent connectivity throughout the metro while remaining situated within a stable residential neighborhood. The community is located minutes from Des Moines International Airport, which is currently undergoing a $600 million expansion, further enhancing regional accessibility and supporting long-term economic growth. Goldbriar Chateau is also proximate to major recreational and retail amenities, including Blank Park Zoo and Southridge Mall—one of the city’s primary retail destinations. Residents benefit from immediate access to a strong concentration of national and daily needs retailers such as Target, Hy Vee, Marshalls, Hobby Lobby, Menards, and a wide array of dining and service options. With a compelling value-add business plan and an irreplaceable location, Goldbriar Chateau presents investors with a unique opportunity to enhance operations, implement targeted renovations, and capture long term value within a growing Des Moines corridor. CLICK HERE FOR MORE INFORMATION: https://www.cbredealflow.com/buyer/findprofile?pv=ojJMqXoPyfJS2Z_dJF4PbIreV1IlZEEey1uJ5opkkYzCPB1PFNHO9lmuWW0y7fTQ 5555 SW 9th St, Des Moines, IA 50315 List Price: $1,650,000 ($55,000/unit) 2026 Assessed Value: $1,900,000 Cap Rate: 8.26% Year Built: 1978 Number of Units: 30 Occupancy: 97% Unit Mix: 12-1BR/1BA; 18-2BR/1BA Total Rentable SF: 23,400 Avg. Unit Size: 780 SF Avg. In Place Rent: $795 Number of Stories: 3 Parking: Surface Parcel Size: 0.728 acres

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

30

PRICE/UNIT

$55,000

CAP RATE

8.26%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goldbriar Chateau

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,725 SF

ZONING

C-2

APN/PARCEL ID

120-02516002000

ASK ABOUT THIS PROPERTY

Cy FoxCBREMore Info
712-304-2149

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Cy FoxCBREMore Info
712-304-2149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.