Matt Greene

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2303 Carpenter AvenueDes Moines, IA 50311

Multi-Family · 1 Bed · 2,734 Sq. ft. | 0.15 Acres
$225,000 Active

2303 Carpenter Avenue Overview

Time on Site:
246 days
Visits:
26

Just blocks from the Drake University campus, this property, with 5 distinct units, offers multiple streams of revenue and a high cap rate potential in one of Des Moines’ most resilient rental markets.

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2303 Carpenter Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,734
  • Price/Sq.ft. $82
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Des Moines Independent

Building Information

  • Year Built: 1907

Location/Region

  • County Or Parish: Polk
  • MLS Area Major: Des Moines N.West
  • Postal City: Des Moines

Rent/Lease Information

  • Lease Considered: false
  • Tenant Pays: Electricity,Gas,Insurance,Water

Tax Information

  • Tax Annual Amount: 290.5
  • Tax Year: 2024

General Information

  • Furnished: Unfurnished
  • Listing Terms: Cash,Conventional
  • Parcel Number: 08006842000000
  • Property Type: Multi Family
  • Zoning: R-3

Interior

Beds/Baths

  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 1

Building Interior

  • Building Area Total: 2734.0

General Information

  • Cooling: See Remarks
  • Levels: Two
  • Living Area: 2734.0
  • Stories: 2

Exterior

Lot Information

  • Lot Size Acres: 0.151
  • Lot Size Area: 0.151
  • Lot Size Dimensions: 62X106.4
  • Lot Size Square Feet: 6572.0
  • Lot Size Units: Acres

Building Exterior/Construction

  • Architectural Style: Two Story
  • Construction Materials: Frame

General Information

  • Number Of Units Total: 5
  • Utilities: Electricity Available,Natural Gas Available,Water Available

2303 Carpenter Avenue Neighborhood

Community

50311 (Des Moines) Demographics

29
Median Age
6,344
Population Density (per sq. mile)
52%
College Educated
$55,066
Estimated Median Income
3,085
Estimated Total Home Owners
2,994
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2303 Carpenter Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2303 Carpenter Avenue Market Data

Based on the last 30 days in this zip code

$264,849
Average List Price
$181
Average Price per Square Foot
27
Properties Sold
131
Average Days on Market
93
Properties for Sale
Calculations provided by Reliance Network

2303 Carpenter Avenue History

Date Event Value Agent
12/15/2025Source: Des Moines Area Price Reduction
$225,000 -4.3%
10/27/2025Source: Des Moines Area Added to Database
October 27, 2025
4/5/2024Source: Des Moines Area Status Change
Closed
3/1/2024Source: Des Moines Area Status Change
Pending
1/29/2024Source: Des Moines Area Price Reduction
$249,900 -5.7%
Listing provided courtesy of RE/MAX Concepts- MLS# 729166MLS ProviderContact Information: (515) 577-8142