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100-112 5th Ave NW
Altoona, IA 50009 Outer SE Des Moines N

$14,800,000 USD

Apartments For Sale  •  122,976 SF

Property Details

  • Property Type Apartments
  • Total Building Size 122,976 SF
  • Lot Size 8.24 AC
  • Building Class C
  • Year Built 1986
  • Zoning R-3
30 Transit Score
40 Walk Score

Highlights

Twenty-year ownership track record with 96% trailing-ten-year occupancy and 97.9% current occupancy (July 2026).
Documented Value-Add Playbook: 49 remodeled units, 95 units remaining, plus upgradable green space represent a clear runway to drive revenue.
The Des Moines Metro Area is the Mid-West's #1 fastest growing major metro area since 2020.
Altoona is one of Greater Des Moines' fastest growing suburbs: 17.5% population growth since 2020.

Property Flyers

Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Playground
  • Property Manager on Site
  • Storage Space
  • Heating
  • Package Service
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • High Speed Internet Access
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Maintenance on site
  • Dining Room
  • Vinyl Flooring
  • Window Coverings

Public Transportation

AirportDriveWalkDistance
Des Moines International 32 min - 19.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 256
Type: Surface
Included in Rent: Yes
Joe Wnuk 515-631-5033 Daymark Real Estate Group
Joe Wnuk 515-631-5033 Daymark Real Estate Group