- For Sale $630,000
- Property Type Multi-Family
- Property Size 5,716 SF
- Units 8
- Lot Size 0.49 Acre
- Year Built 1979
- Date Updated May 8, 2026
Description
University Ave & 42nd StreetLocated along vibrant University Avenue, this 8‑unit apartment building delivers dependable income in one of Des Moines’ most sought‑after rental pockets. Just minutes from Drake University, Roosevelt High School, and the nearby Hy‑Vee grocery, the property attracts long‑term tenants seeking convenience and walkability. The building includes 7 two‑bedroom units at $950/month and 1 one-bedroom at $850/month. With strong neighborhood demand and proximity to education, shopping, and transit, this asset is positioned for solid performance.
Highlights
- Higher Rent Potential
- Near Drake U, Roosevelt High School
- Nearby Public Transportation
- NX2 Neighborhood Mix District
- Walkable Grocery & Restaurants
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Contacts
Chris Fultz
NAI Iowa Realty Commercial
Location
Located at 4004 University Avenue, Des Moines, IA 50311, this property is part of the Drake neighborhood and Des Moines market.
Contact Listing Broker
Chris Fultz
NAI Iowa Realty Commercial
