2303 Carpenter Avenue | MLS #729166

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.

Source: Des Moines Area, MLS#: 729166

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Property Type

Residential Income
Lot

0.15 acres

Get in Contact

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Mike Reagan
Broker Associate
RE/MAX Concepts
Mobile Phone 515-577-8142

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* 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.

Life at 2303 Carpenter Avenue

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value	Agent
12/15/2025Source: Des Moines Area	Price Reduction	$225,000 -4.3%	Mike Reagan Listing Agent
10/27/2025Source: Des Moines Area	Added to Database	October 27, 2025	Mike Reagan Listing Agent
4/5/2024Source: Des Moines Area	Status Change	Closed	Brett Opdahl Listing Agent Brett Opdahl Selling Agent
3/1/2024Source: Des Moines Area	Status Change	Pending	Brett Opdahl Listing Agent
1/29/2024Source: Des Moines Area	Price Reduction	$249,900 -5.7%	Brett Opdahl Listing Agent

Listing provided courtesy of RE/MAX Concepts- MLS# 729166

Contact Information: (515) 577-8142