Stanbrough Realty is pleased to offer the Flats on 56th a well-located value-add multifamily opportunity in one of Des Moines’ most established rental corridors. Situated at 3710 56th St, the property offers immediate access to the Merle Hay Mall corridor, a major retail and employment hub anchored by national retailers, grocery stores, and daily-needs conveniences. This accessibility supports consistent demand from both workforce and professional renters seeking affordability without sacrificing location.

The asset consists of 29 units under one roof, featuring a diverse mix of studio, one-bedroom, and two-bedroom layouts, including a premium 2BR/2BA unit. This unit variety provides broad tenant appeal and multiple avenues to drive rental upside through interior renovations and operational efficiencies. Located within the Des Moines MSA, the property benefits from strong economic fundamentals, steady population growth, and a stable renter base supported by surrounding median household incomes ranging from $75,000 to $95,000.

With continued demand for attainable housing and proximity to major retail corridors and employment centers, Flats on 56th offers investors both in-place cash flow and a clear path to long-term appreciatio