Presenting an excellent investment opportunity in the growing Des Moines metro – this 18-unit multifamily property is located in the desirable and high-demand suburb of Ankeny, Iowa. Built in 1980, the property features a mix of one- and two-bedroom ( 1 one bedroom/ 1 bath, and 17 two bedroom/ 1 bath) units across a well-maintained three-story building, situated on a spacious lot with ample off-street parking. Located just minutes from downtown Ankeny and a short drive to Des Moines, this property sits in a strategic position for workforce housing. With Ankeny's continued population growth and economic development, this asset is well-positioned for strong long-term performance. Ideal for investors seeking a stable, cash-flowing property with upside potential in one of Iowa’s fastest-growing communities.
Sold for $1,500,000
Zillow last checked:
Listing updated:
Bought with:
Joanne Stevens
Iowa Realty, Inc. - CR
Source: Iowa City Area AOR,MLS#: 202506048
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Sold | $1,500,000-9.1%$90/sqft |
Source:  Iowa City Area AOR #202506048 Report a problem | ||
| 10/2/2025 | Price change | $1,650,000+3.1%$99/sqft |
Source: Iowa City Area AOR #202506048 Report a problem | ||
| 9/26/2025 | Listed for sale | $1,600,000$96/sqft |
Source: Iowa City Area AOR #202506048 Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,341,100
2% more
+$26,822
With Zillow Showcase(estimated)
$1,367,922
