1358 22nd Street, Des Moines, IA 50311

$99,000 List Price
In Contract on 5/27/2026
 
Listing ID 11665130
Property Type Multi-Unit (2-4)
County Polk
Neighborhood Carpenter
School Des Moines
FEMA Flood Map fema.gov/portal
Year Built 1897
   
Virtual Tour
Located just minutes from Drake University, this 4-unit multifamily property presents a prime opportunity for investors looking to add value and build long-term cash flow. With 2,009 square feet of total living space, this property offers four separate apartment units, making it ideal for student housing, long-term rentals, or a mix of both. The strong rental demand in the Drake area provides consistent income potential and the ability to improve rents over time. The home does need some TLC, but that's where the opportunity lies. With the right updates and improvements, this property could significantly increase in value while generating steady monthly income. Whether you're an experienced investor looking for your next project or someone ready to step into multifamily ownership, this property offers solid upside potential. Situated near campus, shopping, dining, and public transportation, the location alone makes this a smart addition to any portfolio. Don't miss your chance to invest in one of Des Moines' most reliable rental markets.
Property Details
  • 4 Total Bedrooms
  • 4 Full Baths
  • 2009 SF (AG)
  • 2009 SF (Total)
  • 0.21 Acres
  • Built in 1897
  • 2 Stories
  • Available 3/06/2026
  • Two Story Style
Unit Information
Unit #1 – Bedrooms: 4, Unit Count: 4
Listed By
NEXT GENERATION REALTY, INC.
Office: 515-224-9900
Mobile: 515-490-5591
Request More Information
Request Showing
Role Agent Buyer
Your Preferred Date & Time
Showing Type:
Request Cobroke

If you're not a member, fill in the following form to request cobroke participation.

Listing data is deemed reliable but is NOT guaranteed accurate.
Contact Us
Who Would You Like to Contact Today?

I want to contact an agent about this property!

I wish to provide feedback about the website functionality

Contact Agent
Your Name:
Email:
Phone:
Message:
Security: What is 10 minus 2?