Property in Unknown, XX - multifamily in Des Moines, IA
Multifamily

Property in Unknown, XX

the 44 dsm, Des Moines, IA 50310

Price

Price on request

Price/Sq Ft

$745.00

Description

w Listing | 36 Units | 6 Townhomes | 16,901 SF of Class A Medical Office Space | Des Moines, IA CBRE is pleased to present the exclusive opportunity to acquire the 44 dsm, a premier 42-unit mixed-use community strategically located in Des Moines’ highly desirable Beaverdale neighborhood. Situated just 10 minutes from downtown Des Moines and 5 minutes from Drake University, Beaverdale is one of the city’s largest and most vibrant neighborhoods. Residents enjoy walkability to grocery, dining, shopping, and entertainment. Developed in 2018, the 44 dsm is a luxury, mixed-use community consisting of 36 meticulously designed apartment units, 6 spacious townhomes, and 16,901 SF of Class A medical office space fully occupied by MercyOne Clinic. MercyOne is a part of CommonSpirit Health, one of the largest health systems in the United States. The clinic provides essential primary care services to Beaverdale and the surrounding area. The apartment units feature an optimal mix of one- and two-bedroom layouts, each boasting a modern design, spacious interior, in-unit washer and dryer, and a private balcony. Residents benefit from underground heated parking, elevator access, well-appointed community rooms, and a convenient on-site leasing office. The expansive townhomes offer premium unit features, including an attached two-car garage, in-unit washer and dryer, private patio and balcony, dual full kitchens (one on each floor) and a private elevator/lift for ultimate convenience. The property is being offered unpriced on a free and clear basis, presenting an attractive acquisition opportunity for a Class-A asset in a high barrier-to entry location.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

the 44 dsm, Des Moines, IA 50310

Marker
Leaflet © OpenStreetMap contributors

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

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Market Employment Trend

YoY Growth:-0.4%
Avg Weekly Wage:$1,295

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population38,487
Median Income$63k↓ 16%
College Educated21.2%↓ 12.2pp
Median Age42.3 yrs
Median Home Value$137k
Unemployment3.1%

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: multifamily in Des Moines, IA

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CBRE System Import