Goldbriar Chateau 5555 Southwest 9th Street

CBRE is pleased to present the opportunity to acquire Goldbriar Chateau, a 30-unit, value-add multifamily community located in Des Moines, Iowa—one of the Midwest’s fastest-growing and most resilient metropolitan areas.

Goldbriar Chateau is strategically positioned just off SW 9th Street, a primary north–south arterial providing excellent connectivity throughout the metro while remaining situated within a stable residential neighborhood.

The community is located minutes from Des Moines International Airport, which is currently undergoing a $600 million expansion, further enhancing regional accessibility and supporting long-term economic growth. Goldbriar Chateau is also proximate to major recreational and retail amenities, including Blank Park Zoo and Southridge Mall—one of the city’s primary retail destinations. Residents benefit from immediate access to a strong concentration of national and daily needs retailers such as Target, Hy Vee, Marshalls, Hobby Lobby, Menards, and a wide array of dining and service options.

With a compelling value-add business plan and an irreplaceable location, Goldbriar Chateau presents investors with a unique opportunity to enhance operations, implement targeted renovations, and capture long term value within a growing Des Moines corridor.

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5555 SW 9th St, Des Moines, IA 50315
List Price: $1,650,000 ($55,000/unit)
2026 Assessed Value: $1,900,000
Cap Rate: 8.26%
Year Built: 1978
Number of Units: 30
Occupancy: 97%
Unit Mix: 12-1BR/1BA; 18-2BR/1BA
Total Rentable SF: 23,400
Avg. Unit Size: 780 SF
Avg. In Place Rent: $795
Number of Stories: 3
Parking: Surface
Parcel Size: 0.728 acres