1315 E 12th St Des Moines, IA 50316
Capitol Park NeighborhoodEstimated payment $1,359/month
About This Home
This fully rented 3-plex offers a strong investment in the heart of Des Moines, featuring three 1-bedroom, 1-bathroom units with current rents at $700, $775, and $800. With steady cash flow and low vacancy risk, this property is ideal for both seasoned investors and those looking to start or grow their portfolio. Recent updates provide peace of mind and added value, including a new installed within the last year, update siding, interior improvements to several units including new flooring, fresh paint, and an updated kitchen. 1 Unit has a new furnace, 2 units have new central A/C Systems. This is conveniently located near downtown amenities, public transit, and major thoroughfares.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,812
Year Built
- Built in 1900
Lot Details
- 7,600 Sq Ft Lot
- Lot Dimensions are 50x152
Parking
- Driveway
Home Design
- Asphalt Shingled Roof
Interior Spaces
- 1,621 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
- Window Unit Cooling System
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 11001370000000
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 |
|---|---|---|---|---|
| 2025 | $2,714 | $149,000 | $19,200 | $129,800 |
| 2024 | $2,714 | $138,000 | $16,900 | $121,100 |
| 2023 | $2,640 | $138,000 | $16,900 | $121,100 |
| 2022 | $3,086 | $112,000 | $14,100 | $97,900 |
| 2021 | $2,732 | $112,000 | $14,100 | $97,900 |
| 2020 | $3,068 | $91,500 | $12,800 | $78,700 |
| 2019 | $2,692 | $91,500 | $12,800 | $78,700 |
| 2018 | $2,862 | $76,000 | $12,800 | $63,200 |
| 2017 | $2,684 | $76,000 | $12,800 | $63,200 |
| 2016 | $2,798 | $68,500 | $10,700 | $57,800 |
| 2015 | $2,798 | $68,500 | $10,700 | $57,800 |
| 2014 | $2,728 | $61,000 | $10,700 | $50,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/25/2025 09/25/25 | Pending | -- | -- | -- | |
| 07/25/2025 07/25/25 | For Sale | $215,000 | +51.4% | $133 / Sq Ft | |
| 03/30/2022 03/30/22 | Sold | $142,000 | 0.0% | $88 / Sq Ft | View Prior Sale |
| 02/28/2022 02/28/22 | Pending | -- | -- | -- | |
| 01/24/2022 01/24/22 | For Sale | $142,000 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $50,000 | None Available | |
| Corporate Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $39,000 | None Available | |
| Contract Of Sale | $50,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | Seller Take Back |
Source: Des Moines Area Association of REALTORS®
MLS Number: 723486
APN: 110-01370000000
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