$350,000

2936 Brattleboro Avenue, Des Moines, IA 50311

  • 4 beds |
  • 5 baths |
  • 2,522 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1895
  • Property Lot Size Icon9,888sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $139/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Well-located 5-unit multifamily in the Drake area offering a rare mix of stability and immediate upside. Quiet building with a solid history of long-term tenancy and consistent performance. The property features four 1-bedroom units and one efficiency, with current rent levels positioned for strong cash flow: Unit 1: $800 Unit 2: $675 Unit 3: $500 Unit 4: $550 Unit 5: $800 Recent system improvements include a conversion to electric heat (previously dual furnaces). Tenants pay their own electric, with separate meters already in place. Landlord expenses are limited to water, house electric, and gas for the water heater, supporting favorable operating margins. Additional income and value features include: Coin-operated laundry in the basement 2-car detached garage Extra storage in the unfinished attic and basement This property is well-suited for investors seeking a low-turnover asset with multiple income streams, clean utility separation, and long-term hold potential in a proven rental location. Schedule a showing to review the numbers and evaluate the upside in person.

Listing Status:
Active
Date Added:
January 23, 2026
Data Last Updated:
March 12, 2026 at 7:19AM
Listing Office:
Epique Realty : (319) 540-1002
Listing Agent:
Shonna Murrey : (515) 612-8939
MLS ID:
733321
  • Appliances: DryerMicrowaveRefrigeratorStoveWasher
  • Basement: Egress Windows
  • Flooring: CarpetLaminate
  • A/C: Window Unit(s)
  • Heating: BaseboardElectricForced AirGasNatural Gas
  • Style: Two Story
  • Parking: DetachedGarageTwo Car Garage
  • Roofing: AsphaltShingle
  • General: Metal Siding2Brick/Mortar
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: R1-60LOT 72 & E 1/2 LOT 73 KINGMAN PLACE09003675000000
  • Utilities: Electricity AvailableNatural Gas AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Shonna Murrey , Epique Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.63 miles away

C

Callanan Middle School

3010 Center St, Des Moines, IA, 50312

Grades 6-8

0.57 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.