1206 39th St Des Moines, IA 50311
Drake NeighborhoodEstimated payment $1,389/month
Total Views
287,320
--
Bed
3
Baths
1,964
Sq Ft
$107
Price per Sq Ft
Highlights
- 3 Kitchens
- Baseboard Heating
- Asbestos
- No HOA
About This Home
$2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2 years.
This property is in a high-demand rental area, with proximity to local amenities, schools, and public transportation. Whether you're looking to add to your existing investment cash flowing portfolio or step into the Des Moines rental market for the first time, this location offers excellent cash flow potential with minimal maintenance concerns due to recent updates. (Neighboring property 3903 University is also for sale, would consider a discount if sold together)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,303
Year Built
- Built in 1918
Lot Details
- 3,709 Sq Ft Lot
Parking
- Gravel Driveway
Home Design
- Brick Foundation
- Asphalt Shingled Roof
- Asbestos
Interior Spaces
- 1,964 Sq Ft Home
- 1.5-Story Property
- Unfinished Basement
Kitchen
- 3 Kitchens
- Built-In Oven
Utilities
- Window Unit Cooling System
- Baseboard Heating
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 7924-32-377-049
Map
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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 | $3,186 | $162,000 | $11,800 | $150,200 |
| 2023 | $3,110 | $162,000 | $11,800 | $150,200 |
| 2022 | $3,636 | $132,000 | $9,800 | $122,200 |
| 2021 | $3,224 | $132,000 | $9,800 | $122,200 |
| 2020 | $3,622 | $108,000 | $9,000 | $99,000 |
| 2019 | $3,170 | $108,000 | $9,000 | $99,000 |
| 2018 | $3,372 | $89,500 | $9,000 | $80,500 |
| 2017 | $3,174 | $89,500 | $9,000 | $80,500 |
| 2016 | $3,310 | $81,000 | $7,500 | $73,500 |
| 2015 | $3,310 | $81,000 | $7,500 | $73,500 |
| 2014 | $3,220 | $72,000 | $7,500 | $64,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $210,000 | -4.5% | $107 / Sq Ft |
| 08/14/2025 08/14/25 | Price Changed | $220,000 | -2.2% | $112 / Sq Ft |
| 07/24/2025 07/24/25 | For Sale | $225,000 | -- | $115 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $240,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $30,000 | Commercial |
Source: Public Records
About the Listing Agent
First... if you are searching for the best community in the metro or the pros and cons of each area, check out my Youtube Channel! https://www.youtube.com/channel/UCMDnslJ-iDbz_1OLYk1Moyw
Darson is a father of three boys and husband to his beautiful wife. He’s had W2 jobs, side businesses, contract work, and now the job that fits all his wants and needs: Realtor. He’s found a need for a real estate agent that can articulate the financial impact of a real estate purchase or sale on an
Darson's Other Listings
Source: Des Moines Area Association of REALTORS®
MLS Number: 722298
APN: 100-02455000000
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