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About This Home
Built in 1907, this two-story residential multi-family property at 2303 Carpenter Avenue in Des Moines, IA, spans 2,734 square feet on a 0.15-acre lot. It features five distinct units, providing multiple streams of revenue just blocks from the Drake University campus.
With one bedroom and no bathrooms listed across the units, it offers high cap rate potential in one of Des Moines' most resilient rental markets. Heating is provided by natural gas forced air systems. At $225,000, it sits near the city's median price of $235,000 among 506 active listings, with its larger-than-average size appealing to investors seeking established properties in this steady market.
Just blocks from the Drake University campus, this property, with 5 distinct units, offers multiple streams of revenue and a high cap rate potential in one of Des Moines' most resilient rental markets.
Key Features
- Built in 1907
- 0.15 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$1,203/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2303 Carpenter Avenue
Des Moines, IA 50311
Property Details
Construction
Heating
Questions & Answers
This 1-bedroom, 0-bathroom residential multi family at 2303 Carpenter Avenue is listed at $225,000 ($82/sqft). The estimated monthly payment is $975 based on 20% down at 6.5% interest.
Key features include: Built in 1907, 0.15 acre lot, 2 stories.
This property is listed by Mike Reagan and can be reached at 5155778142 or mike.reagan@realestateconcepts.net.