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Capitol Park Multifamily Home for Sale

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    $215,000

    • Studio
    • 3 Baths
    • 1,621 Sq Ft

    1315 E 12th St, Des Moines, IA 50316

    This fully rented 3-plex offers a strong investment in the heart of Des Moines, featuring three 1-bedroom, 1-bathroom units with current rents at $700, $775, and $800. With steady cash flow and low vacancy risk, this property is ideal for both seasoned investors and those looking to start or grow their portfolio. Recent updates provide peace of mind and added value, including a new installed

    Jeffrey Horner Gillum Group Real Estate LLC

    1315 E 12th St, Des Moines, IA 50316

Why Live in Capitol Park

Capitol Park, one of Des Moines' oldest neighborhoods, is characterized by its historic charm and diverse community. The Des Moines River runs through the area, with the John Pat Dorrian Trail providing pedestrian access to downtown Des Moines. Streets are shaded by mature walnut, sugar maple, and white ash trees, and semi-paved alleys offer off-street access to garages and carports. Homes, dating back to the late 1800s, feature Prairie and Craftsman architectural styles, with some larger properties converted into multi-family dwellings. Capitol Park is known for its affordability, with home prices generally lower than surrounding neighborhoods. Union Park, a local highlight, features the iconic rocket slide, playgrounds, tennis courts, and the Heritage Carousel. The Greater Des Moines Botanical Garden and Riverwalk Dog Park add to the green spaces, while Burke Memorial Park offers fountains for kids. Indoor attractions include the Iowa State Capitol Building and Wooly's concert venue. Dining options range from Thai Flavors and Teriyaki House to the historic Iowa Taproom. The neighborhood is served by multiple school districts, with Carver Elementary School receiving high ratings. Capitol Park is on a DARTA bus route and close to I-235, with Des Moines International Airport just 7 miles away. The area has a moderate crime rate, with initiatives like the Violence Interruption Project addressing safety concerns.

Home Trends in Capitol Park, IA

Housing Trends

Median Sale Price
$490,000
Median Single Family Sale Price
$488,000
Average Price Per Sq Ft
$306
Number of Homes for Sale
1
Last 12 months Home Sales
14
Months of Supply
0.90
Median List Price
$549,900
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
38%
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