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1940 Arlington Avenue, Des Moines, IA 50314

Des Moines
Local realty services provided by:CENTURY 21 Signature Real Estate
1940 Arlington Avenue,Des Moines, IA 50314
$620,000
  • - Beds
  • - Baths
  • 4,858 sq. ft.
  • Multi-family
  • Active
Listed by: ryan rohlf
Office: keller williams legacy group
MLS#:70707
Source:IA_CIBR

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 #:70707
  • Added:61 day(s) ago
  • Updated:September 11, 2026 at 12:45 AM

Rooms and interior

  • Flooring:Carpet
  • Living area:4,858 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Hot Water

Structure and exterior

  • Year built:1926
  • Building area:4,858 sq. ft.
  • Lot area:0.36 Acres
  • Foundation Description:Block

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

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

Parking

  • Garage spaces:2
Based on information submitted to the MLS GRID as of September 11, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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