983 26th St - Multi-Family FOR SALE


Des Moines, IA 50312- Drake
$270,000 USD
712-898-7933
983 26th St, Des Moines, IA for Sale
$270,000 USD
Multi-Family - FOR SALE
1/24
null | 7.02% Cap Rate

983 26th St
Des Moines, IA 50312
Drake


OVERVIEW

983 26th Street is a well-maintained four-unit (all 1-bed 1-bath) apartment building located in the Drake neighborhood of Des Moines, an area with consistent rental demand and strong long-term growth fundamentals. The property offers solid in-place cash flow with long-term tenants, making it an attractive opportunity for investors seeking stable income. The building is located within the Invest DSM area, providing additional upside potential through continued neighborhood reinvestment and improvement initiatives. The Drake area remains popular among renters due to its proximity to Drake University, downtown Des Moines, major employment centers, and public transit. This asset is ideal for both seasoned investors and those looking to expand their multifamily portfolio with a proven, income-producing property in a central Des Moines location.

FOR SALE DETAILS

PRICE

$270,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

4

PRICE/UNIT

$67,500

CAP RATE

7.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

983 26th St

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3+

APN/PARCEL ID

782405153002

ASK ABOUT THIS PROPERTY

Kaden SmithThe York CompaniesMore Info
712-898-7933

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Kaden SmithThe York CompaniesMore Info
712-898-7933

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