Valley Acres Apartments 920 Meadow Ln 102 Unit Apartment Building $5,900,000 ($57,843/Unit) 7.58% Cap Rate Des Moines, IA 50315

CBRE is pleased to present the opportunity to acquire Valley Acres Apartments, a 102-unit, value-add multifamily community located in Des Moines, Iowa—one of the Midwest’s fastest growing and most resilient metropolitan areas.

Valley Acres Apartments is strategically positioned just off SW 9th Street, a primary north–south arterial providing excellent connectivity throughout the metro while remaining situated within a stable residential neighborhood. The property is uniquely comprised of multiple parcels, offering a flexible exit strategy and the rare opportunity to control every building on the block. This configuration allows for consistent, cohesive curb appeal and long-term control over the broader micro location.

The community is located minutes from Des Moines International Airport, which is currently undergoing a $600 million expansion, further enhancing regional accessibility and supporting long term economic growth. Valley Acres is also proximate to major recreational and retail amenities, including Blank Park Zoo and Southridge Mall—one of the city’s primary retail destinations. Residents benefit from immediate access to a strong concentration of national and daily needs retailers such as Target, Hy Vee, Marshalls, Hobby Lobby, Menards, and a wide array of dining and service options.

With a compelling value-add business plan and an irreplaceable infill location, Valley Acres Apartments presents investors with a unique opportunity to enhance operations, implement targeted renovations, and capture long term value within a growing Des Moines corridor.

Click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=g0SDaTYqMPA9P4gN5xJPnzN9o8D25TV2d3dRiIdaGVpwM0ffvN_g8iCocFie_U0e

Address:
920, 1015, 1050 Meadow Ln, Des Moines, IA 50315
1150 Luster Ln, Des Moines, IA 50315
7500 Royal Rd, Des Moines, IA 50315
List Price: $5,900,000 ($57,843/unit)
Cap Rate: 7.58%
Year Built: 1971, 1972, 1976, and 1979
Number of Units: 102
Unit Mix: 62-1BR/1BA; 38-2BR/1BA; 2-3BR/1BA
Avg. Unit Size: 778 SF
Avg. In Place Rent: $791
2026 Assessed Value: $6,157,900
Parking: Surface
Parcel Size: 6.864 acres (8 parcels)

The property spans multiple parcels, providing a rare opportunity to control an entire block while allowing for flexible future disposition strategies.