Description
Located in one of the most established and desirable residential submarkets in Des Moines, the property benefits from strong surrounding retail and employment density. The site is minutes from recognized brands including Hy-Vee, ALDI, Target, and Starbucks, reinforcing daily convenience and tenant appeal. The area provides efficient access to major employment centers across healthcare, education, and government sectors. These fundamentals support durable demand, consistent occupancy, and long-term rental stability.
Details
Address: 2733-2897 Boston Ave.
City & State: Des Moines, IA
Current Price: $1,750,000
Building SF: 12,200 SF
Lot Size: 1.08 Acres
Price / SF: $143.44
Year Built: 1968
Property Highlights
- Eight (8) standalone duplexes offered as a single portfolio by The KataLYST Team at KW Commercial Realty
- Located in Des Moines, one of the Midwest’s most stable workforce housing markets
- Immediate day-one cash flow with rents ~6.8% below market, providing clear upside
- Five (5) properties with walkout basements; three (3) with existing windows suitable for egress conversion
- Repeatable value-add opportunity to create true three-bedroom units without heavy renovations
- Light value-add execution drives higher rents and forced appreciation
- Eligible for residential financing with flexible debt options
- Durable workforce housing with consistent occupancy and long-term rent growth