- For Sale $2,500,000
- Property Type Multi-Family
- Property Size 25,600 SF
- Units 32
- Lot Size 0.33 Acre
- Year Built 1972
- Date Updated May 14, 2026
Description
All 2BR/1BA CBRE is pleased to offer the opportunity to acquire Village on State Apartments, a well-maintained 32-unit multifamily community located in the thriving city of Ankeny, Iowa. As the largest suburb of Des Moines, Ankeny boasts a population of over 76,000 and has experienced rapid growth—more than doubling since 2000—making it one of the fastest-growing cities in the nation. Village on State Apartments consists of four buildings built in 1971-1972 and features all 2-bedroom, 1-bath floor plans.
Avg. In Place Rents: $827
Number of Buildings: 4
Number of Stories: 2
Parking: Surface
Laundry: 1 set of washer/dryer per building (4 sets total); contract with BDS
Heating: Boiler (1 per building)
Cooling: Sleece A/C units
Water Heater: Common (1 per building)
Appliance Package: Fridge and stove
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Contacts
CBRE
CBRE
