4004 University Avenue
$630,000
4004 University Avenue, Des Moines, IA 50311
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 07/08/2026
5,716 sqft
Building Size
0.49 acres
Lot Area
Details:
Building Size: 5,716 sqft
Lot Area: 0.49 acres
Units: 8
Year Built: 1979
Floors: 2
Highlights:
- Near Drake U, Roosevelt High School
- Walkable Grocery & Restaurants
- Nearby Public Transportation
- Higher Rent Potential
- NX2 Neighborhood Mix District
Description:
Located along vibrant University Avenue, this 8‑unit apartment building delivers dependable income in one of Des Moines’ most sought‑after rental pockets. Just minutes from Drake University, Roosevelt High School, and the nearby Hy‑Vee grocery, the property attracts long‑term tenants seeking convenience and walkability. The building includes 7 two‑bedroom units at $950/month and 1 one-bedroom at $850/month. With strong neighborhood demand and proximity to education, shopping, and transit, this asset is positioned for solid performance.
University Ave & 42nd Street
Documents:
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| Sale Brochure |
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Location
Gallery
