Commercial Real Estate in Ankeny available for sale
Ankeny Investment Properties For Sale

Investment Property for Sale in Ankeny, IA, USA

More details for Turnkey 9-Unit Iowa Portfolio – Multifamily for Sale

Turnkey 9-Unit Iowa Portfolio

  • Investment Property
  • Multifamily for Sale
  • $3,025,154 CAD
  • 4,636 SF
  • 5 Multifamily Properties

Portfolio of properties for Sale

Rare opportunity to acquire a stabilized, recently updated 9-unit residential portfolio spread across five properties in two of Iowa's strongest rental markets: the Des Moines metro suburbs and the Iowa City college market, which offers a deep, consistent tenant pool. The portfolio generates $203,256 in annual gross income at market rents and a pro forma net operating income of $141,046, producing a 6.5% cap rate at the list price of $2,170,000. All units are currently leased, allowing a buyer to step into immediate, predictable cash flow with no lease-up risk, plus near-term upside as below-market leases renew. The capital improvements across this portfolio set it apart. Nearly every property has been remodeled in recent years with new flooring, trim, appliances, paint, toilets, faucets, and fixtures, eliminating years of deferred maintenance and turnover cost for the next owner. Agent has interest in property. Property highlights: 2407 Petsel Pl, Iowa City (Duplex, 2 units) — Duplex near Football Stadium. Upper unit is fully remodeled and operates as a high-performing STR; lower unit received new flooring in 2025. Strong income diversity within a single building. 415 Mormon Trek Blvd, Iowa City (Triplex, 3 units) — Three-unit building in the Iowa City rental market with reliable tenant demand and rents trending toward market.Longterm tenants in place. 1912 63rd St, Windsor Heights (Duplex, 2 units) — Full interior remodel in 2026, new roof, new gutters, in 2025. new windows in 2021. Essentially turnkey. 911 SW Springfield Dr, Ankeny (Single-Family) — Fully remodeled in 2021 in one of the fastest-growing suburbs in the Des Moines metro. 3504 Independence Ct, Grimes (Single-Family) — Newer-build home with main level remodeled in 2021 and a long-term tenant in place. The properties may be purchased together as a portfolio or in conjunction with additional portfolio properties available throughout Iowa, giving investors the ability to scale quickly across multiple markets in a single transaction. This is a clean, well-maintained, income-producing portfolio ideal for an investor seeking durable cash flow without the capital-expenditure overhang typical of properties of this vintage.

Contact:

Realty ONE Group, Impact

Property Subtype:

Multi Family

Date on Market:

2026-05-28

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Investment Properties for Sale within 50 kilometers of Ankeny, IA, USA

More details for 305 Snyder Dr, Huxley, IA - Land for Sale

305 Snyder Drive, Huxley, Lot 1, Plat 1 - 305 Snyder Dr

Huxley, IA 50124

  • Investment Property
  • Land for Sale
  • $937,460 CAD
  • 4.75 AC Lot
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More details for 1118 & 1120 26th St, Des Moines – Multifamily for Sale, Des Moines, IA

1118 & 1120 26th St, Des Moines

  • Investment Property
  • Multifamily for Sale
  • $1,113,870 CAD
  • 9,435 SF
  • 2 Multifamily Properties
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More details for 3161 SE 22nd St, Des Moines, IA - Office for Sale

3161 SE 22nd St

Des Moines, IA 50320

  • Investment Property
  • Office for Sale
  • $393,828 CAD
  • 6,768 SF
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More details for NW 100th and Plum Drive South st, Urbandale, IA - Land for Sale

West Urban Senior Housing Land - NW 100th and Plum Drive South st

Urbandale, IA 50322

  • Investment Property
  • Land for Sale
  • $2,413,696 CAD
  • 7.95 AC Lot
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More details for SW County Line Road Rd, Grimes, IA - Land for Sale

Broderick Family Farm / Development Potential - SW County Line Road Rd

Grimes, IA 50111

  • Investment Property
  • Land for Sale
  • Price Upon Request
  • 139.98 AC Lot
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More details for 510 S Jefferson Way, Indianola, IA - Multifamily for Sale

510 S Jefferson Way

Indianola, IA 50125

  • Investment Property
  • Multifamily for Sale
  • $285,786 CAD
  • 2,095 SF

Indianola Multifamily for Sale - Warren County

510 S Jefferson Way presents an opportunity to acquire an income-producing duplex in Indianola, Iowa. The property is being offered with existing tenancy in place, including long-term occupants and month-to-month tenants, providing immediate cash flow from day one. Current rental income totals $1,775 per month, offering investors a stabilized revenue stream with future flexibility as leases mature. Positioned along the Highway 65/69 corridor and directly across from the South Casey's convenience store, the property benefits from a highly visible location within an established area of Indianola. The location provides convenient access throughout the community and offers connectivity to the greater Des Moines metropolitan region via major transportation routes. Indianola serves as the county seat of Warren County and is home to Simpson College, supporting a diverse local economic base and year-round housing demand. The duplex configuration allows investors to diversify rental risk across two units while maintaining a manageable property footprint. Existing occupancy provides immediate operational continuity, while the presence of month-to-month tenancy may offer future opportunities for rent adjustments or strategic repositioning based on market conditions. With annual operating expenses reported at approximately $4,300, the property offers a straightforward investment profile suitable for investors seeking current income and long-term ownership potential.

Contact:

EXIT Realty North Star

Property Subtype:

Apartment

Date on Market:

2026-07-15

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