This portfolio includes 10 multifamily properties and 7 single-family homes. The multifamily portion features 44 total units spread across 10 buildings, all currently occupied on a month-to-month basis. These multifamily units generate an annual gross income of $386,940, with an annual net income of $233,689.
The 7 single-family homes collectively produce a gross income of $100,200 and net $54,011 annually. The seller has not significantly increased rents in recent years and believes a new owner could realize additional profit through rent adjustments.
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For sale
$4,100,000
717 Franklin Ave #11, Des Moines, IA 50314
--beds
0baths
4,233sqft
Est.:
Multi Family
Built in 1901
-- sqft lot
$214,300 Zestimate®
$969/sqft
$-- HOA
What's special
- 23 hours
- on Zillow |
- 63 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: May 09, 2025 at 12:32pm
Listed by:
Jeff Downing (515)257-6477,
LPT Realty, LLC,
Randy Murphy 515-669-9332,
LPT Realty, LLC
Source: DMMLS,MLS#: 717804
Originating MLS: Des Moines Area Association of REALTORS

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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Interior area
- Total structure area: 4,233
- Total interior livable area: 4,233 sqft
Property
Lot
- Size: 0.3 Acres
- Dimensions: 100 x 132
Details
- Parcel number: 08007891001000
- Zoning: R1-60
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1901
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $969/sqft
- Tax assessed value: $151,000
- Annual tax amount: $51,012
- Date on market: 5/9/2025
- Listing terms: Cash,Conventional
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