4004 University Avenue

For Sale

4004 University Avenue, Des Moines, IA 50311

This Des Moines property for sale is located at 4004 University Avenue. The current listed sale price for 4004 University Avenue is $630,000. 4004 University Avenue is situated on a lot that is 0.49 acre in size.

Contacts

Chris Fultz

NAI Iowa Realty Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 5,716 SF
  • Units 8
  • Lot Size 0.49 Acre
  • Year Built 1979
  • Date Updated May 14, 2026
University Ave & 42nd StreetLocated along vibrant University Avenue, this 8‑unit apartment building delivers dependable income in one of Des Moines’ most sought‑after rental pockets. Just minutes from Drake University, Roosevelt High School, and the nearby Hy‑Vee grocery, the property attracts long‑term tenants seeking convenience and walkability. The building includes 7 two‑bedroom units at $950/month and 1 one-bedroom at $850/month. With strong neighborhood demand and proximity to education, shopping, and transit, this asset is positioned for solid performance.
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Highlights

  • Higher Rent Potential
  • Near Drake U, Roosevelt High School
  • Nearby Public Transportation
  • NX2 Neighborhood Mix District
  • Walkable Grocery & Restaurants

Attachments

Getting around

  • 72/100

    Walk Score ®

  • 36/100

    Transit Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Des Moines, IA
  • Neighborhood Drake
  • Zip Code 50311
  • Market Des Moines

Points of Interest

  • Git N Go

    0.16 miles

  • Kum & Go

    0.60 miles

  • Casey's General Store

    1.02 miles

  • Star

    1.36 miles

  • Conoco

    1.39 miles

  • QuikTrip

    1.65 miles

  • ChargePoint Charging Station

    2.50 miles

  • Tesla Supercharger

    4.47 miles

  • Ashworth Plaza

    6.21 miles

  • Lot 27

    0.58 miles

  • Lot 26

    0.58 miles

  • Lot 29

    0.62 miles

  • Lot 25

    0.65 miles

  • Lot 34

    0.67 miles

  • Lot 21

    0.72 miles

  • Lot 20

    0.74 miles

  • Lot 22

    0.77 miles

  • Lot 33

    0.80 miles

  • Olmsted Center Visitor Parking Lot

    0.82 miles

  • Home2 Suites

    0.98 miles

  • The Butler House on Grand

    1.11 miles

  • Holiday Inn Express

    1.11 miles

  • Royal Motel

    2.03 miles

  • Hickman Motor Lodge

    2.12 miles

  • Days Inn

    2.33 miles

  • Holiday Inn Des Moines Downtown

    2.35 miles

  • American Inn & Suites

    2.37 miles

  • Hotel Fort Des Moines

    2.41 miles

  • Des Lux Hotel

    2.46 miles

  • Price Chopper

    0.75 miles

  • Hilal Groceries

    1.08 miles

  • Plaza Food Market

    1.19 miles

  • Fareway Meat Market

    1.38 miles

  • Gateway Market

    1.66 miles

  • Hy-Vee

    2.02 miles

  • Fareway

    2.13 miles

  • Walmart Supercenter

    2.20 miles

  • Target

    2.56 miles

  • Ross

    2.67 miles

Contact Listing Broker
Chris Fultz

NAI Iowa Realty Commercial

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