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26th Street Apartments 1137 26th St 12 Unit Apartment Building $1,031,453 CAD ($85,954 CAD/Unit) 8.08% Cap Rate Des Moines, IA 50311

Apartment Buildings Iowa Des Moines 1137 26th St, Des Moines, IA 50311

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INVESTMENT HIGHLIGHTS

  • New roof in 2025
  • Neighbors newly constructed mixed-use development and hotel
  • Walkable to several dining & entertainment options
  • Across the street from Drake University
  • Completely renovated in 2015
  • Less than 5 minutes from Downtown Des Moines

EXECUTIVE SUMMARY

$745,000
8.08% cap rate
12 units
6-Studios & 6-1BR/1BA
$698 average rent

PROPERTY FACTS

Price $1,031,453 CAD Building Class C
Price Per Unit $85,954 CAD Lot Size 0.28 AC
Sale Type Investment Building Size 7,298 SF
Cap Rate 8.08% Average Occupancy 100%
No. Units 12 No. Stories 2
Property Type Multifamily Year Built 1895
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low-Rise
Zoning R-3
Price $1,031,453 CAD
Price Per Unit $85,954 CAD
Sale Type Investment
Cap Rate 8.08%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.28 AC
Building Size 7,298 SF
Average Occupancy 100%
No. Stories 2
Year Built 1895
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R-3

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 5 - 600
1+1 6 - 750
2+1 1 - 1,000
1 1
Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 030-01439000000 Improvements Assessment $1,068,121 CAD
Land Assessment $47,868 CAD Total Assessment $1,115,989 CAD

PROPERTY TAXES

Parcel Number
030-01439000000
Land Assessment
$47,868 CAD
Improvements Assessment
$1,068,121 CAD
Total Assessment
$1,115,989 CAD
(515) 415-6111

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 37862539

  • Date on Market: 2025-09-29

  • Last Updated:

  • Address: 1137 26th St, Des Moines, IA 50311

The Drake Multifamily Property at 1137 26th St, Des Moines, IA 50311 is currently available. Contact CBRE for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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26th Street Apartments | 1137 26th St
(515) 415-6111 x

26th Street Apartments | 1137 26th St

Ray Hamilton
(515) 415-6111

Clark Matthews
(712) 304-2030

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