This Multifamily Property is Off-Market.

430 Grand Avenue
Des Moines, IA 50309 ·

150 Units · Multifamily For Sale



Elsie Mason Manor

Price N/A Property Sub-type Government Subsidized
No. Units 150 Property Use Type Investment
Building Size 131,000 SF Cap Rate 9%
Property Type Multifamily
Listing ID: 16838028 Date Created: 09/16/2010 Last Updated: 11/17/2010


This 16-story 131,000 SF square foot apartment building was constructed in 1981 and includes air rights above church-owned property housing 150 unit HUD Project that serves restricted income and disabled residents.

Note: Buyer Brokers must be paid by Buyer

Located at 413 5th Avenue, Des Moines, this building is situated in the heart of Iowa' s largest City and Des Moines' Central Business District. Zoning for the subject property is C-3, Central Business Commercial District. This CBD is a major employment district for the CBSA, Core Base Statistical Area which includes the following counties: Polk, Dallas, Warren, Guthrie and Madison. Population for the CBSA is estimated to be over 550,000.


430 Grand Avenue, Des Moines, IA 50309 (Polk County)

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