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MULTI_FAMILY - Des Moines, IA
The KataLYST Team by KW Commercial is proud to exclusively present 811 16th St. in Des Moines, IA; a well-maintained, historic property in the highly sought-after Sherman Hill neighborhood. Featuring timeless charm with real hardwood floors, original built-ins, and solid craftsmanship, this asset offers both aesthetic appeal and strong fundamentals. Currently operating at a true 5.01% cap rate, the property presents a compelling value-add opportunity with projected rental upside of 10.2% as market rents continue to strengthen. Ideal for investors looking for a stable return with long-term growth potential.
Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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