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4150 E. University Ave
Des Moines, IA 50317
Land For Sale · 1.48 AC

Investment Highlights

  • Located near growing residential and multifamily developments supporting demand.
  • Positioned along a well-connected Des Moines corridor near Hwy 5 and I-35/80.
  • Two-parcel site offering flexible single-family or potential multifamily concepts.

Executive Summary

Positioned along Des Moines’ well-traveled University Avenue corridor, this 1.482-acre land assemblage offers an exceptional opportunity for residential or infill redevelopment within a rapidly evolving submarket. The property consists of two parcels, 0.844 acres and 0.638 acres, accompanied by an existing 843-square-foot structure, offering flexibility for interim use or redevelopment staging. Its current N3A zoning supports single-family development with minimum six-thousand-square-foot lots, and the surrounding neighborhood’s development pattern includes a mix of rising multifamily communities. Given the nearby presence of NX1-zoned multifamily projects, a zoning modification is considered viable when supported by a well-structured proposal, enhancing the site’s potential for higher-density concepts.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 1.48 AC
Zoning N3A

1 Lot Available

Lot

Price $278,054 CAD
Price Per AC $187,874.32 CAD
Lot Size 1.48 AC

4150 University Ave and 1207 Williams total 1..482 acres. Currently zoned N3A allowing for minimum 6000 sqft single family lots. Nearby with NX1 zoning, and with a multifamily proposal, relevant zoning changes would be considered by the city.

Description

Situated along Des Moines’ evolving University Avenue corridor, this 1.482-acre land offering presents a compelling opportunity for residential or redevelopment-focused investors seeking a strategically located site with strong long-term potential. The property consists of two contiguous parcels measuring 0.844 acres and 0.638 acres, together creating a flexible development footprint enhanced by an existing 843-square-foot structure suitable for interim use or staging. Currently zoned N3A, the site supports single-family development with minimum six-thousand-square-foot lots, aligning well with surrounding residential patterns. Additionally, the presence of nearby multifamily communities with NX1 zoning demonstrates a favorable precedent for higher-density housing, and the City of Des Moines has indicated openness to considering zoning modifications when supported by a thoughtful multifamily proposal.

  • Listing ID: 39464959

  • Date on Market: 2026-02-17

  • Last Updated:

  • Address: 4150 E. University Ave, Des Moines, IA 50317

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