601 15th St SE - Apartments FOR SALE


Altoona, IA 50009- Outer SE Des Moines N
$400,000 USD
515-962-5555
601 15th St SE, Altoona, IA for Sale
$400,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

601 15th St SE
Altoona, IA 50009
Outer SE Des Moines N


OVERVIEW

Fantastic investment opportunity with this well-maintained two-story duplex situated on a spacious corner lot in a quiet neighborhood within the SEP School District. Each side of the duplex features 2 bedrooms and 1 bathroom, along with a generous living room, dedicated dining area, and spacious kitchen—ideal for comfortable living. Both units have active leases in place, offering immediate rental income for investors. Property includes storage shed for additional tenant convenience and outdoor storage needs. Tenants enjoy a peaceful residential setting with easy access to nearby amenities. Located just minutes from Hy-Vee, local schools, parks, and a wide selection of restaurants, this property offers both convenience and long-term rental appeal. Whether you’re a seasoned investor or looking to start your real estate portfolio, this duplex presents a great opportunity in a desirable area with consistent rental demand.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

2

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fantastic investment opportunity!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R-2

APN/PARCEL ID

171-00360522000

ASK ABOUT THIS PROPERTY

Misty DarlingBetter Homes and Gardens Real Estate InnovationsMore Info
515-962-5555

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Misty DarlingBetter Homes and Gardens Real Estate InnovationsMore Info
515-962-5555

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