811 16th St. Des Moines, IA
Multifamily | 9 Units | $94,444/unit
Marketing description
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.
Investment highlights
True 5.01% Cap Rate – with room for increased returns through rent growth
Historic Character in a prime location with hardwood floors and original built-ins
10.2% Upside in Rents – offering a strategic value-add play in a desirable neighborhood
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