$355,000
$10K PRICE DROP

Estimated payment $2,078/month

Total Views 8,799
-- Bed
4 Baths
2,509 Sq Ft
$141 Price per Sq Ft

Highlights

  • 4 Kitchens
  • No HOA
  • Laundry Room
  • 0.34 Acre Lot

About This Home

This multi unit home is located in Des Moines desirable Drake neighborhood, this fourplex offers a strong investment opportunity. Tenants enjoy off-street parking, shared laundry in the basement, and proximity to Drake University. Situated on a large 0.34-acre lot, the property blends historic charm with solid rental potential and room for future growth.

Listing Agent

Theodore Craig

Developers Realty Group LLC Listed on: 06/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,557

Year Built

  • Built in 1907

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x148

Home Design

  • 2,509 Sq Ft Home
  • Asphalt Shingled Roof

Additional Features

  • 4 Kitchens
  • Laundry Room
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 09003305000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,557

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Lp Amt Sq Ft: 141.49
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dishwashers: 4
  • Refrigerators: 4
  • Stoves Total: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • First Floor Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Kitchens: 4
  • Laundry: Yes
  • Living Area Sq Ft: 2509
  • Total Sq Ft: 2509

Exterior Features

  • Roof: Asphalt Shingle

Utilities

  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.3400
  • Lot S F: 14800
  • Lot Size: 100X148
  • Assessor Parcel Number: 09003305000000
  • Zoning: R-3

Rental Info

  • Furnished: No
  • Landlord Tenant Utilities: Electric Owner, Gas Owner, Taxes Owner, Water Owner

Tax Info

  • Gross Taxes: 2557.00
  • Net Taxes: 2557.00
  • Tax Year: 2024

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Des Moines Independent

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $5,114 $281,000 $53,500 $227,500
2024 $5,114 $260,000 $47,000 $213,000
2023 $4,972 $260,000 $47,000 $213,000
2022 $5,812 $211,000 $39,300 $171,700
2021 $5,166 $211,000 $39,300 $171,700
2020 $5,802 $173,000 $35,700 $137,300
2019 $5,100 $173,000 $35,700 $137,300
2018 $5,424 $144,000 $35,700 $108,300
2017 $5,094 $144,000 $35,700 $108,300
2016 $5,312 $130,000 $30,000 $100,000
2015 $5,312 $130,000 $30,000 $100,000
2014 $5,188 $116,000 $30,000 $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/06/2025 10/06/25 Price Changed $355,000 -2.7% $141 / Sq Ft
06/24/2025 06/24/25 For Sale $365,000 +31.8% $145 / Sq Ft
01/24/2022 01/24/22 Sold $277,000 -6.1% $110 / Sq Ft View Prior Sale
01/23/2022 01/23/22 For Sale $295,000 +6.5% $118 / Sq Ft
12/30/2021 12/30/21 Off Market $277,000 -- --
09/20/2021 09/20/21 For Sale $295,000 +40.5% $118 / Sq Ft
04/20/2018 04/20/18 Sold $210,000 -4.5% $84 / Sq Ft View Prior Sale
04/20/2018 04/20/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $220,000 -- $88 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $277,000 None Listed On Document
Warranty Deed $210,000 None Available
Warranty Deed $153,000 None Available
Interfamily Deed Transfer -- --
Warranty Deed $135,000 --
Warranty Deed $109,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $271,982 FHA
Previous Owner $153,000 Future Advance Clause Open End Mortgage
Previous Owner $108,117 FHA
Source: Public Records

Source: Des Moines Area Association of REALTORS®

MLS Number: 720974

Des Moines Area Association of REALTORS®

APN: 090-03305000000