1438 33rd Street

Investor opportunity near Drake University! This 4-unit property offers two 1-bedroom apartments and two efficiency units, all currently vacant and ready for a new owner to lease, improve, and manage their way. The property is functional and rentable as-is, with opportunity to increase value through updates and stronger rent performance over time. Tenants pay their own utilities with the owner responsible for water only. No garage. Convenient location near Drake, downtown Des Moines, shopping, dining, transit, and major commuting routes. Whether you are looking to add doors to your portfolio or take on a value-add multifamily project, this property offers a compelling entry point at $190,000.