1940 Arlington Avenue, Des Moines, IA 50314

Des Moines
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
1940 Arlington Avenue,Des Moines, IA 50314
$620,000
  • 10 Beds
  • 9 Baths
  • 4,858 sq. ft.
  • Multi-family
  • Active
Listed by: ryan rohlf, dylan king
Office: keller williams legacy group
MLS#:744968
Source:IA_DMAAR

Price summary

  • Price:$620,000
  • Price per sq. ft.:$127.62

About this home

Built for cash flow and positioned for long-term upside, this 9-unit apartment building in Des Moines’ historic River Bend neighborhood offers an attractive opportunity for investors seeking immediate income. The property features eight 1-bedroom units and one 2-bedroom unit and is currently fully rented aside from one unit, providing strong in-place occupancy with an opportunity to lease the remaining space. Current performance exceeds the 1% rule, making this a compelling addition to an investment portfolio. Residents enjoy a beautiful courtyard and outdoor common area, while newer concrete work at the entrance adds to the property’s curb appeal and functionality. A 2-car garage and additional basement storage provide further value and operational flexibility. Conveniently located near downtown Des Moines, employment centers, transit, and neighborhood amenities, 1940 Arlington Avenue combines dependable rental income, desirable unit mix, and future potential in an established urban...

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Home facts

  • Year built:1926
  • Listing ID #:744968
  • Added:56 day(s) ago
  • Updated:September 06, 2026 at 03:12 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:9
  • Full bathrooms:9
  • Flooring:Carpet, Vinyl
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:4,858 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1926
  • Building area:4,858 sq. ft.
  • Lot area:0.36 Acres
  • Lot Features:Rectangular Lot
  • Architectural Style:Two Story
  • Foundation Description:Block
  • Levels:2 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$620,000
  • Price per sq. ft.:$127.62
  • Tax amount:$8,652

Features and amenities

  • Amenities:Smoke Detectors

Parking

  • Parking description:Detached, Garage, Two Car Garage
  • Garage:Yes
  • Garage spaces:2

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