1

Merle Hay Multifamily Home for Sale

Section Image
  • /34

    $275,000

    • Studio
    • 3 Baths
    • 2,643 Sq Ft

    4131 55th St, Des Moines, IA 50310

    Turnkey duplex offering strong cash flow from day one! Unit A features 2 bedrooms and 1 full bath, while Unit B offers 4 bedrooms and 2 baths - ideal for maximizing rental income. Both units are spacious and well-maintained, making this a perfect addition to any investor's portfolio. Recent updates include a newer roof and siding, reducing future maintenance costs. Tenants enjoy off-street

    Jordan Jackson RE/MAX Revolution

    4131 55th St, Des Moines, IA 50310

Why Live in Merle Hay

Merle Hay, a neighborhood in Des Moines, is approximately 6 miles from Downtown Des Moines and offers residents convenient access to a variety of stores and restaurants. The area is known for its mid-20th-century homes, with a mix of Arts and Crafts, ranch, split-level, bilevel, bungalow, and Cape Cod styles, alongside some newer constructions. The Merle Hay Mall is a local hub, featuring a blend of chain stores like Target and Kohl’s, independent businesses, and dining options such as Vietnam Cafe and Stu’s BBQ. For those seeking things to do, the neighborhood provides entertainment options like bowling at Gameday Lanes and events organized by Des Moines Parks and Recreation, including Family Fun Night at Blank Park Zoo. Parks like Tower and Riley Park offer accessible playgrounds and sports facilities. Public transportation is facilitated by the Des Moines Area Regional Transit Authority, with several bus stops connecting residents to the city. While the Merle Hay Corridor is noted for higher accident rates, the city is working on improvements to enhance pedestrian safety. The neighborhood is served by Des Moines Public Schools, which receive average ratings, and the area is characterized by a diverse community, particularly at Hoover High School.

Home Trends in Merle Hay, IA

Housing Trends

Median Sale Price
$415,000
Median Single Family Sale Price
$412,840
Median Townhouse Sale Price
$427,500
Median 2 Bedroom Sale Price
$499,990
Median 1 Bedroom Sale Price
$510,000
Average Price Per Sq Ft
$282
Number of Homes for Sale
16
Last 12 months Home Sales
99
Months of Supply
1.90
Median List Price
$441,197
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
60%
How to Buy a Home How to Finance a Home How to Sell a Home