1064 27th St Des Moines, IA 50311
Drake NeighborhoodEstimated payment $1,630/month
Highlights
- 2 Kitchens
- No HOA
- Forced Air Heating and Cooling System
- Wood Flooring
- Storage
- Baseboard Heating
About This Home
Exciting investment opportunity in the heart of the Drake area! This well-cared-for up-down duplex at 1064 27th offers versatile layouts and great rental potential. The main floor unit features 2 bedrooms, 1 bath, central AC, spacious living areas, and beautiful wood floors. The upper unit includes 2 bedrooms plus a 3rd bedroom/office area, 1 bath, and window unit cooling—perfect for flexible use as a true 3-bedroom unit or an office setup. Both units enjoy roomy bedrooms, great natural light, and loads of character.
A detached 2-car garage provides parking or additional rental income opportunities, while the shared laundry in the basement adds convenience for tenants. Updates include a new roof and vinyl windows in good condition. With market rents estimated at $1,200+ per unit, this property is a strong income producer or house-hacking opportunity.
Located within the InvestDSM neighborhood boundaries, residents benefit from the area’s ongoing revitalization and investment. Close to Drake University, local hospitals, shops, restaurants, and with easy access to the entire metro, this property is well-suited for long-term, mid-term, or short-term rentals. Turnkey and ready for its next owner!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,022
Year Built
- Built in 1900
Lot Details
- 6,969 Sq Ft Lot
Home Design
- Brick Foundation
- Asphalt Shingled Roof
- Stucco
Interior Spaces
- 1,856 Sq Ft Home
- 2-Story Property
- Storage
- Wood Flooring
- 2 Kitchens
- Unfinished Basement
Parking
- 2 Car Detached Garage
- Driveway
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
- Baseboard Heating
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 03005020000000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,960 | $150,500 | $24,300 | $126,200 |
| 2023 | $2,710 | $150,500 | $24,300 | $126,200 |
| 2022 | $2,690 | $115,000 | $19,600 | $95,400 |
| 2021 | $3,082 | $115,000 | $19,600 | $95,400 |
| 2020 | $3,016 | $116,300 | $17,400 | $98,900 |
| 2019 | $3,026 | $116,300 | $17,400 | $98,900 |
| 2018 | $2,996 | $112,600 | $12,200 | $100,400 |
| 2017 | $2,540 | $112,600 | $12,200 | $100,400 |
| 2016 | $3,282 | $102,400 | $11,000 | $91,400 |
| 2015 | $2,468 | $102,400 | $11,000 | $91,400 |
| 2014 | $2,870 | $96,600 | $10,400 | $86,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $259,900 | +305.8% | $140 / Sq Ft |
| 02/28/2017 02/28/17 | Sold | $64,050 | -24.6% | $35 / Sq Ft |
| 02/09/2017 02/09/17 | Pending | -- | -- | -- |
| 01/17/2017 01/17/17 | For Sale | $85,000 | -- | $46 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $64,050 | None Available | |
| Deed | -- | None Available | |
| Deed | -- | None Available |
Source: Des Moines Area Association of REALTORS®
MLS Number: 725100
APN: 030-05020000000
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