Sell Your House Fast in the Drake Neighborhood, Des Moines. Done Being a Landlord
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Why Drake-area landlords choose Propcash
The blocks around Drake University are full of older single-family houses long ago turned into student rentals. When you are tired of the turnover, the summer make-ready, and the wear a rotating tenant list leaves behind, a cash sale lets you exit the whole portfolio without a listing or a vacancy.
- We buy tenant-occupied student rentals, no eviction and no waiting for a lease to end
- Sell one house or several at once, we buy small portfolios in a single close
- No obligation, so you can price the exit against another year of management and decide
How to sell a Drake rental fast for cash
Tell us about the house and the lease, get a cash offer based on recent Drake-area sales, and close on your timeline, with no fees or commissions.
Tell us about your Drake rental
A tenant-occupied student house, a tired duplex near campus, or your own home you are leaving? Answer a few quick questions. About two minutes, no obligation.
Get your cash offer
We review your house against recent local sales and make you a fair cash offer. We show you how we got to our number, and our offers don't expire.
Review your offer and close
Review our offer and accept it or walk away. Close in as few as 7 days through a title company, or on your timeline. No fees either way.
Example shown for illustration only, not a real offer. Every offer is based on the house and its local market.
We buy houses across the 50311 Drake area
From the University Avenue and Dogtown corridor to Drake Park, Forest Avenue, and the streets around campus, Propcash buys the older rentals and homes that fill the Drake neighborhood.
Propcash also buys houses in other Des Moines neighborhoods, so you can sell a house fast in Union Park and Birdland, get a cash offer in Beaverdale, sell as-is on the South Side, and sell near Easter Lake. You can also sell your house fast across Des Moines or anywhere in Iowa.
A campus rental with years of tenant wear? Still a yes.
Most Drake-area houses were built between the 1880s and the 1920s and have served as student rentals for decades. Worn floors, patched walls, and a landlord-grade kitchen are exactly what we expect, and we buy without a single repair.
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Years of tenant wear and tear
Scuffed floors, tired bathrooms, a beat-up kitchen, we factor it in
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Old wiring and heating
Knob-and-tube, a converted-up two-story, radiators or a tired furnace, none of it stops us
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Deferred maintenance between tenants
Roof, porch, and paint that got put off, we price it in
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Tenants still in place
Sell with the lease running, no eviction and no vacancy first
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A cut-up single into units
Illegal or informal conversions common near campus do not scare us
Illustrative estimates for an older Drake-area rental, not real quotes. Money you keep by selling as-is. Your numbers will differ.
Understanding the Drake neighborhood market
A rental core around a university
The Drake neighborhood wraps around Drake University north-central of downtown, roughly between 42nd and 24th and Jefferson and I-235. Its two-story houses, most built between the 1880s and the 1920s, have been off-campus student housing for generations. That is what makes it a landlord's neighborhood, and what makes a portfolio exit here a common conversation.
Why tired landlords sell here
Student rentals mean annual turnover, a summer make-ready every year, and wear that a longtime owner eventually stops wanting to chase. Some owners inherited a rental house near campus and never wanted to manage it; others are winding down after decades. A cash sale takes the house off your hands with the tenants in place, so you are not timing the sale around a lease or an empty summer.
Selling with tenants, cleanly
Iowa does not require you to evict or wait out a lease to sell to a cash buyer. We buy the house subject to the tenancy, honor the lease, and take over as the new owner. You skip the vacancy, the eviction, and the make-ready, and you close on a date that works for the rest of your plans.
What the numbers say
The typical Des Moines home value is about $212,006 as of July 31, 2026 (Zillow Home Value Index, down 0.1% year over year), while Redfin separately reported a citywide median sale price near $220,000 in July 2026. A landlord-grade campus house usually trades under those figures because of its condition. We price your specific house off recent Drake-area sales and show how we got there, rather than leaning on your rush to be done.
A direct cash homebuyer is a company that purchases houses itself, with its own funds, rather than listing them for sale or finding buyers on a seller's behalf. Propcash is a direct cash homebuyer: we make the offer, we are the buyer, and the seller pays no commissions or fees. Sellers skip repairs, listings, and showings, and pick their own closing date.
Common situations we help Drake owners navigate
Whatever brought you here, Propcash can make you a fair cash offer.
Done being a campus landlord
The turnover and the calls have run their course. Sell the rental with tenants in place and skip the last make-ready.
Selling a small portfolio
Two or three houses near campus? We can buy them together in one close instead of one long listing at a time.
Inherited a rental near Drake
A family member's student house you never wanted to manage. Get a cash offer and sell it as-is, tenants and all.
House needs a full refresh
Years of student wear add up. We buy landlord-grade houses without a single repair and handle the work after closing.
Behind on payments
If a rental is underwater on cash flow and behind, a fast cash sale can clear the loan before the Iowa foreclosure timeline runs.
Moving on from Des Moines
Leaving the area and do not want to manage from a distance? Close on a date you choose and be done.
The Propcash Promise
We don't believe in high-pressure sales tactics. Here is how we put that into action for Drake-area landlords.
No expiration date
Take all the time you need to consider an offer, we'll never push a hard deadline.
No aggressive follow up
We follow up on your schedule. We'll never send unsolicited marketing emails, drip campaigns, or phone blasts.
We'll tell you if we're not the right buyer
If listing with an agent would serve you better, we'll point you to a local agent. We're always straightforward and transparent.
Frequently asked questions about selling in Drake
Can I sell my Drake rental with student tenants still in it?
Yes, and it is one of the most common situations we handle near campus. Iowa does not require you to evict or wait out the lease to sell to a cash buyer. We buy the house subject to the tenancy and take over as the new owner, so you skip the vacancy and the make-ready.
Do you buy more than one rental at a time?
Yes. If you are winding down a small Drake-area portfolio, we can buy several houses together in a single close rather than listing them one at a time over a season.
The house has years of student wear. Is that a problem?
Not at all. Most Drake-area houses are a century old and have been rentals for decades, so scuffed floors, a tired kitchen, and deferred maintenance are what we expect. We build those costs into our offer and handle the work after closing.
What areas around Drake do you cover?
We buy throughout 50311: the University Avenue and Dogtown corridor, Drake Park, Forest Avenue, and the streets right around campus. Owner-occupied or tenant-occupied, we buy either.
How fast can you close on a Drake house?
We can close in as few as 7 days through a local title company, or we can time the close around a lease or your own move. You pick the date.
Are there really no fees or commissions?
Correct. No agent commission, no closing costs charged to you, no junk fees. Propcash is free for sellers, and the cash offer you accept is what you receive at closing.
How is Propcash different from the cash-buyer signs near campus?
Those signs usually mean one lowball, take-it-or-leave-it number. Propcash is a direct cash homebuyer that prices your house off recent Drake-area sales and shows you how we got there. There is no obligation, so if the number does not work, you walk away.
Does Propcash buy houses throughout the Drake neighborhood and 50311?
Yes. Propcash is a direct cash homebuyer that buys across the Drake neighborhood and the 50311 area, from University Avenue and Dogtown to Forest Avenue and the blocks around campus. We buy with our own funds, so there is no listing and no waiting on a buyer's loan.
Questions first? Call or text (615) 552-4296, or email info@propcash.co. We respond in minutes.
Ready to get your Drake cash offer?
Answer a few questions about the 50311 house and get a fair cash offer based on recent Drake-area sales. Takes about two minutes.
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