1940 Arlington Avenue
Des Moines, IA 50314
10
Bed
9
Bath
4,858Sqft
0.36Acre(Lot)
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 d
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 10Bathroom Information
Total Baths: 9 Full Baths: 9Room Information
Has Basement: Yes Basement: Unfinished -
Flooring Information
Carpet, Vinyl -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: Window Unit(s)
-
Building Information
Year Built: 1926 Building Area Total: 4858 Stories: 2 Private Pool: No
-
Lot Information
Main Square Feet: 0.36 Acres Lot Size Acres: 0.36 Lot Size Square Feet: 15577 Lot Description: Rectangular Lot
-
Listing Price Information
Listing Price: $620000 Cash, Conventional
-
Tax Information
Parcel Number: 03549001000 Annual Tax: $8652 Tax Legal Desc: W 40F LOT 1 ARLINGTON PLACE; AND LOT 3 JACKSONS SUB DIV
-
Parking Information
Detached, GarageGarage Information
Has Garage: Yes Garage Space: 2
-
Utility Information
Electricity Available, Natural Gas Available, Water Available -
Location Information
Direction: From 6th Ave turn left onto Arlington Ave. WaterSource: Public Security Features: Smoke Detector(s)
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 227 Clark Street, Des Moines, IA, 50314 | $225,000 | 3 | 1 | 1,339 | 1,339 SqFt |
| 250 Franklin Avenue, Des Moines, IA, 50314 | $330,000 | 4 | 1 | 1,544 | 1,544 SqFt |
| 328 Forest Avenue, Des Moines, IA, 50314 | $119,900 | 2 | 1 | 808 | 808 SqFt |
| 1805 Oakland Avenue, Des Moines, IA, 50314 | $180,000 | 3 | 2 | 1,895 | 1,895 SqFt |
| 1435 4th Street, Des Moines, IA, 50314 | $193,000 | 3 | 2 | 1,232 | 1,232 SqFt |
| 1325 6th Avenue, Des Moines, IA, 50314 | $155,000 | 6 | 3 | 2,167 | 2,167 SqFt |
| 1735 7th Street, Des Moines, IA, 50314 | $174,900 | 2 | 2 | 1,029 | 1,029 SqFt |
| 717 Franklin Avenue, Des Moines, IA, 50314 | $269,000 | 11 | 6 | 4,233 | 4,233 SqFt |
| 1448 8th Street, Des Moines, IA, 50314 | $119,000 | 5 | 2 | 2,842 | 2,842 SqFt |
| 1430 8th Street, Des Moines, IA, 50314 | $139,000 | 6 | 6 | 2,430 | 2,430 SqFt |
Similar Homes To 1940 Arlington Avenue
Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.
ByOwner last updated this listing 07/19/2026 @ 12:37
More Cities with for Sale by Owner Homes
- Des Moines Homes For Sale By Owner
- Urbandale Homes For Sale By Owner
- Windsor Heights Homes For Sale By Owner
- Clive Homes For Sale By Owner
- Johnston Homes For Sale By Owner
- West Des Moines Homes For Sale By Owner
- Pleasant Hill Homes For Sale By Owner
- Ankeny Homes For Sale By Owner
- Altoona Homes For Sale By Owner
- Grimes Homes For Sale By Owner
- Norwalk Homes For Sale By Owner
- Cumming Homes For Sale By Owner
- Carlisle Homes For Sale By Owner
- Waukee Homes For Sale By Owner
- Runnells Homes For Sale By Owner
- Bondurant Homes For Sale By Owner
- Polk City Homes For Sale By Owner
- Granger Homes For Sale By Owner
- Booneville Homes For Sale By Owner
- Elkhart Homes For Sale By Owner
Homes around $620,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.