2303 Carpenter Avenue

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Address: 2303 Carpenter Ave, Des Moines, IA 50311, USA
Chicago & Midwest + Apartment Buildings
Created date: October 27, 2025
Date last updated: September 14, 2026
Price: $225,000Investment Analyzer NEW!

Property Description

Just blocks from the Drake University campus, this property, with 5 distinct units, offers multiple streams of revenue and a high cap rate potential in one of Des Moines' most resilient rental markets.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $225,000
No. of Units: 5
Year Built: 1907
Lot Size: 2,734.00 Sq ft
Opportunity Zone: No
Price per unit: $45,000
Property Website Click Here
Number of Bedrooms: 1
Number of Bathrooms: 0
Address: 2303 Carpenter Avenue, Des Moines, IA 50311, USA
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Investment Analyzer

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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