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
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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)
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Building Information
Year Built: 1926 Building Area Total: 4858 Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.36 Acres Lot Size Acres: 0.36 Lot Size Square Feet: 15577 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $620000 Cash, Conventional
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Tax Information
Parcel Number: 03549001000 Annual Tax: $8652 Tax Legal Desc: W 40F LOT 1 ARLINGTON PLACE; AND LOT 3 JACKSONS SUB DIV
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Parking Information
Detached, GarageGarage Information
Has Garage: Yes Garage Space: 2
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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?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 217 Franklin Avenue, Des Moines, IA, 50314 | $329,000 | 3 | 3 | 1,559 | 0.39 Acre |
| 227 Clark Street, Des Moines, IA, 50314 | $214,900 | 3 | 1 | 1,339 | 0.35 Acre |
| 250 Franklin Avenue, Des Moines, IA, 50314 | $324,900 | 4 | 1 | 1,544 | 0.11 Acre |
| 328 Forest Avenue, Des Moines, IA, 50314 | $112,000 | 2 | 1 | 808 | 0.12 Acre |
| 1241 4th Street, Des Moines, IA, 50314 | $137,600 | 3 | 1 | 1,386 | 0.14 Acre |
| 1426 4th Street, Des Moines, IA, 50314 | $205,000 | 3 | 2 | 1,032 | 0.10 Acre |
| 1325 6th Avenue, Des Moines, IA, 50314 | $150,000 | 6 | 3 | 2,167 | 0.15 Acre |
| 1735 7th Street, Des Moines, IA, 50314 | $169,900 | 2 | 2 | 1,029 | 0.15 Acre |
| 1423 7th Street, Des Moines, IA, 50314 | $279,700 | 4 | 3 | 2,208 | 0.11 Acre |
| 717 Franklin Avenue, Des Moines, IA, 50314 | $269,000 | 11 | 6 | 4,233 | 0.30 Acre |
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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 09/02/2026 @ 15:48
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