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1137 26th St
Des Moines, IA 50311 Drake

$775,000 USD

Apartments For Sale • 7,298 SF

Property Details

Property Type Apartments
Total Building Size 7,298 SF
Lot Size 0.28 AC
Building Class C
Year Built 1895
Zoning R-3

40 Transit Score

70 Walk Score

                
                    Highlights
                
                                12-unit multifamily in Des Moines — located in a neighborhood seeing active reinvestment and strong demand
                            
                                12.42% after-tax IRR (11.67% modified IRR) at a 5-year exit
                            
                                $332,783 projected net resale proceeds on a $232,500 equity investment
                            
                                Stable income + long-term upside — positioned where institutional buyers are already investing — positioned where institutional buyers are already inv

Property Flyers

1137 26th St. Des Moines, IA_4-page Flyer_4.20.2026

Amenities

24 Hour Access
Heating
Kitchen
Oven
Range
Tub/Shower
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Des Moines International	13 min	-	5.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Jared Husmann 515-334-4900 The KataLYST Team

1137 26th St Des Moines, IA 50311 Drake