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3274 E Euclid Ave 8 Unit Apartment Building $769,000 ($96,125/Unit) 7.15% Cap Rate Des Moines, IA 50317
Investment Highlights
- The property showcases exceptional pride of ownership with numerous capital improvements
- Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition
- Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying manag
- Outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.
Executive Summary
The KataLYST Team at KW Commercial is pleased to exclusively present 3274 Euclid Avenue, a meticulously maintained eight-unit multifamily investment located on a highly visible corner lot directly across from McDonald's at a signalized intersection and adjacent to a bus stop.
Under the same ownership for more than 20 years, the property showcases exceptional pride of ownership with numerous capital improvements, including updated windows, renovated interiors, luxury vinyl plank flooring, modern cabinetry, updated appliances, electrical panels, and a newer roof. Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying management. Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition, this turnkey asset presents an outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.
Under the same ownership for more than 20 years, the property showcases exceptional pride of ownership with numerous capital improvements, including updated windows, renovated interiors, luxury vinyl plank flooring, modern cabinetry, updated appliances, electrical panels, and a newer roof. Each unit features individual exterior entrances, electric baseboard heat, and in-unit wall A/C, minimizing common area expenses and simplifying management. Built with durability in mind and offering above-market rental performance driven by its strong location and quality condition, this turnkey asset presents an outstanding opportunity for investors seeking stable cash flow, minimal deferred maintenance, and an attractive 7.15% cap rate.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $769,000 | Building Class | C |
| Price Per Unit | $96,125 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 5,568 SF |
| Cap Rate | 7.15% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $769,000 |
| Price Per Unit | $96,125 |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 5,568 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2024 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 750 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 060-01835001000 | Improvements Assessment | $461,900 |
| Land Assessment | $56,100 | Total Assessment | $518,000 |
Property Taxes
Parcel Number
060-01835001000
Land Assessment
$56,100
Improvements Assessment
$461,900
Total Assessment
$518,000
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Contact the Sale Advisor
3274 E Euclid Ave