2312 Forest Avenue

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Address: 2312 Forest Ave, Des Moines, IA 50311, USA
Chicago & Midwest + Apartment Buildings
Created date: September 18, 2026
Date last updated: September 18, 2026
Price: $200,000Investment Analyzer NEW!

Property Description

Investors! Looking for your next project? This unique parcel features two properties with significant renovation and investment potential. 2312 Forest Ave is a block commercial building offering approximately 1,144 sq. ft. of finished space, ideal for a retail storefront, office, or other commercial use. The upper level includes two 2-bedroom apartments, both taken down to the studs and ready for a complete remodel. 1370 23rd St. is a historic Victorian home that has been fully gutted and is ready for renovation. With approximately 4,124 sq. ft., the property was previously configured as seven apartments, offering the potential for a substantial redevelopment opportunity. With both properties already opened up for renovation, this parcel presents an opportunity for investors looking to rehab, reposition, and add value. Value-Add Investment Opportunity - Two Properties on One Parcel

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $200,000
Year Built: 1900
Lot Size: 7,238.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 2312 Forest Avenue, Des Moines, IA 50311, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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