$249,500
$11K PRICE DROP

Estimated payment $1,727/month

Total Views 4,810
-- Bed
2 Baths
2,187 Sq Ft
$114 Price per Sq Ft

Highlights

  • 2 Kitchens
  • Cul-De-Sac
  • Luxury Vinyl Plank Tile Flooring
  • No HOA
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

Charming Duplex in Des Moines. Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus room. The basement provides ample extra storage space for tenant convenience, plus a shared washer and dryer. The upper-level is a 1 bed, 1 bath unit with a large living room area. Upper unit is also occupied and was recently updated with new paint, stove, and flooring. City of Des Moines rental certificate is good through August 23, 2027. Both units are equipped with newer separate water heaters and furnaces. Located close to amenities and transportation, this property offers incredible potential for passive income or multi-generational living. Don't miss your chance to own this fantastic investment property in a prime Des Moines location.

Last Listed By

Tim Hegwood

PMI Realty Central Iowa Listed on: 04/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,992

Year Built

  • Built in 1920

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50x132
  • Cul-De-Sac

Parking

  • Driveway

Home Design

  • Brick Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,187 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 09003446000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,992

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: 1.5 Story
  • Lp Amt Sq Ft: 114.08
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Refrigerators: 2
  • Stoves Total: 2
  • Interior Amenities: Cable TV, Carpeting, LVP
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • First Floor Full Bathrooms: 1
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Sq Ft Bsmt: 1104
  • Kitchens: 2
  • Laundry: Yes
  • Included Items: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 2187
  • Total Sq Ft: 2187

Exterior Features

  • Exterior: Wood
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete, Cul-de-sac

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1520
  • Lot S F: 6600
  • Lot Size: 50X132
  • Assessor Parcel Number: 09003446000000
  • Zoning: N5

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant

Tax Info

  • Gross Taxes: 3992.00
  • Net Taxes: 3992.00
  • Tax Year: 2024

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,932 $199,900 $43,800 $156,100
2023 $3,912 $199,900 $43,800 $156,100
2022 $3,882 $166,000 $38,400 $127,600
2021 $3,704 $166,000 $38,400 $127,600
2020 $3,848 $148,400 $34,600 $113,800
2019 $3,500 $148,400 $34,600 $113,800
2018 $3,464 $130,200 $30,100 $100,100
2017 $3,234 $130,200 $30,100 $100,100
2016 $3,152 $119,600 $27,400 $92,200
2015 $3,152 $119,600 $27,400 $92,200
2014 $2,740 $107,000 $24,500 $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Price Changed $249,500 -1.0% $114 / Sq Ft
05/13/2025 05/13/25 Price Changed $252,000 -3.1% $115 / Sq Ft
04/26/2025 04/26/25 For Sale $260,000 -- $119 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $103,500 None Available
Warranty Deed $114,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 New Conventional
Closed $93,500 Commercial
Previous Owner $35,000 Credit Line Revolving
Previous Owner $109,250 Commercial
Source: Public Records

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Source: Des Moines Area Association of REALTORS®

MLS Number: 716707

Des Moines Area Association of REALTORS®

APN: 090-03446000000