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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in West Des Moines, IA

$ 230,000
ROI
21.6
Cash Flow/m
120- 4 Bed
- 3 Bath
- 1876 sft
1208 West St, West Des Moines, IA, 50315

$ 235,000
ROI
33.1
Cash Flow/m
874- 5 Bed
- 2 Bath
- 1904 sft
200 3rd St, West Des Moines, IA, 50265

$ 256,500
ROI
30.0
Cash Flow/m
734- 4 Bed
- 2 Bath
- 1808 sft
409 2nd St, West Des Moines, IA, 50265
or
Here are some other similar properties you might be interested in:
Listed for sale 1 day ago
$ 100,000
ROI
24.3
Cash Flow/m
128- 3 Bed
- 1 Bath
- 1069 sft
1432 W 6th St, Davenport, IA, 52802

Fix & Flip
Listed for sale 7 days ago
$ 100,000
ROI
25.3
Cash Flow/m
154- 2 Bed
- 1 Bath
- 880 sft
2212 Summit St, Marshalltown, IA, 50158

$ 100,000
ROI
25.0
Cash Flow/m
146- 3 Bed
- 2 Bath
- 878 sft
921 Newell Ave, Muscatine, IA, 52761

$ 100,000
ROI
24.4
Cash Flow/m
129- 2 Bed
- 1 Bath
- 975 sft
309 2nd Ave, Clarence, IA, 52216

Fix & Flip
$ 100,000
ROI
25.3
Cash Flow/m
154- 3 Bed
- 2 Bath
- 1158 sft
164 Liberty St, Manchester, IA, 52057

$ 100,000
ROI
35.2
Cash Flow/m
431- 2 Bed
- 1 Bath
- 789 sft
1120 E 6th St Unit 3, Des Moines, IA, 50316

$ 100,000
ROI
26.0
Cash Flow/m
175- 4 Bed
- - Bath
- 1866 sft
723 Randolph St, Waterloo, IA, 50702

$ 100,000
ROI
24.4
Cash Flow/m
129- 3 Bed
- 1 Bath
- 1404 sft
214 E 14th St N, Newton, IA, 50208

$ 100,000
ROI
24.5
Cash Flow/m
132- 3 Bed
- 1 Bath
- 1435 sft
607 9th St, Charles City, IA, 50616

$ 100,000
ROI
-
Cash Flow/m
-- 3 Bed
- 1 Bath
- 1204 sft
307 S Woodlawn Ave, Lake City, IA, 51449

Fix & Flip
$ 100,000
ROI
23.7
Cash Flow/m
111- 2 Bed
- 1 Bath
- 922 sft
109 Union St, Council Bluffs, IA, 51503

$ 100,000
ROI
-
Cash Flow/m
-- - Bed
- - Bath
- - sft
Rr W Hwy #92, Sigourney, IA, 52591

$ 100,000
ROI
-
Cash Flow/m
-- 2 Bed
- 1 Bath
- 1032 sft
208 W 4th St, Hedrick, IA, 52563

$ 100,000
ROI
24.9
Cash Flow/m
144- 3 Bed
- 1 Bath
- 936 sft
1215 19th Ave SW, Cedar Rapids, IA, 52404

$ 100,000
ROI
-
Cash Flow/m
-- 3 Bed
- 1 Bath
- 1171 sft
323 Walnut St, Milo, IA, 50166

Fix & Flip
$ 100,000
ROI
25.3
Cash Flow/m
155- 3 Bed
- 2 Bath
- 1344 sft
3286 170th St, Moville, IA, 51039

$ 100,000
ROI
24.5
Cash Flow/m
132- 4 Bed
- 1 Bath
- 2072 sft
204 S River Park Dr, Guttenberg, IA, 52052

Fix & Flip
$ 100,000
ROI
33.7
Cash Flow/m
388- 4 Bed
- 3 Bath
- 3480 sft
77 Alpine St, Dubuque, IA, 52001

Fix & Flip
$ 100,000
ROI
25.0
Cash Flow/m
146- 3 Bed
- 1 Bath
- 1032 sft
803 17th Ave, Camanche, IA, 52730

$ 100,000
ROI
24.4
Cash Flow/m
129- 2 Bed
- 1 Bath
- 1146 sft
915 Main St, Mc Callsburg, IA, 50154

$ 100,000
ROI
24.3
Cash Flow/m
126- 2 Bed
- 1 Bath
- 900 sft
202 N Moore St, Ottumwa, IA, 52501

$ 100,000
ROI
24.1
Cash Flow/m
121- 2 Bed
- 1 Bath
- 1104 sft
1021 E Main St, Washington, IA, 52353

Currently Rented
Rental Income
$ 100,000
ROI
32.9
Cash Flow/m
366- - Bed
- - Bath
- 6800 sft
401 W Main St, New Providence, IA, 50206

$ 100,000
ROI
23.5
Cash Flow/m
106- 2 Bed
- 1 Bath
- 1126 sft
130 Central Ave, Villisca, IA, 50864
Why Invest in West Des Moines, Iowa?
Multi-family properties in West Des Moines, IA offer strong investment potential amid steady housing market growth. The area sees consistent appreciation around 1.5% annually with improving inventory levels. Rental demand remains robust due to population stability and job growth in the Des Moines metro. Cap rates hover in the competitive range, supported by low vacancy and balanced supply. Investors benefit from predictable cash flow in this balanced market heading into 2026.
7.2%
Avg. ROI
6.1%
Rental Yield
5.8%
Cap Rate
$285/mo
Avg. Cash Flow
$1420/mo
Avg. Rent
1.5%
1Y Appreciation
Frequently Asked Questions
Steady job growth and population stability drive rental demand. Balanced inventory and 1.5% appreciation provide reliable returns. Low vacancy supports consistent cash flow for investors.
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