658 18th St

658 18th Street, Des Moines, IA, a six-unit multifamily property located in the highly sought-after Historic Sherman Hill Neighborhood. Originally built in 1880 and thoughtfully converted into apartments in 1959, this property exudes character and charm throughout. Each apartment offers attractive features such as hardwood floors in the living areas, and many include cozy gas fireplaces that enhance tenant appeal. With strong existing cash flow, investors can further optimize returns by monetizing the basement laundry and implementing bill-backs for water, sewer, and trash services— creating an exceptional value-add opportunity in one of Des Moines’ most desirable rental markets.