# 2303 Carpenter Avenue, Des Moines, IA 50311

> **TL;DR:** 1bd/0ba residential multi family, $225,000 ($82/sqft), built 1907, 2,734 sqft. Est. $975/mo. Listed 241 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $225,000 |
| Price/sqft | $82 |
| Bedrooms | 1 |
| Square Feet | 2,734 |
| Year Built | 1907 |
| Lot Size | 6,578 sqft (0.15 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 241 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $975 |
| **Total** | **$975** |

## Property Highlights

- Built in 1907
- 0.15 acre lot
- 2 stories

## Description

### AI Summary
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.

### Agent Description
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.

## Location

- **Address:** 2303 Carpenter Avenue, Des Moines, IA 50311
- **County:** Polk
- **Coordinates:** 41.601994, -93.648451
- **Google Maps:** https://www.google.com/maps?q=41.601994,-93.648451

## Listing Agent

- **Name:** Mike Reagan
- **Brokerage:** RE/MAX Concepts
- **Phone:** 5155778142
- **Email:** mike.reagan@realestateconcepts.net

## Primary Photo

![2303 Carpenter Avenue - Primary Photo](http://lh.rdcpix.com/ef1585fb4cc99c2453da68446d37faacl-f715498344r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/2303-carpenter-avenue-des-moines-ia-50311-a729166)*

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**MLS#:** 729166 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2303-carpenter-avenue-des-moines-ia-50311-a729166)

---

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