1318 23rd St Des Moines, IA 50311
Drake NeighborhoodEstimated payment $1,338/month
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Wood Siding
About This Home
Great investment opportunity with this renovated four plex. Recent upgrades including a new roof, mini-split heating and cooling systems, furnace, water heater, sewer line, and water line ensure low maintenance. Each unit has been updated recently. Whether you're a seasoned investor or new to real estate, this turnkey property offers the perfect opportunity to capitalize on the high demand for multi-family housing in the area. Current rents have been between $800-$950 per unit. Call to set up a showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,823
Year Built
- Built in 1892
Lot Details
- 8,617 Sq Ft Lot
- Lot Dimensions are 53.2x162
Parking
- Driveway
Home Design
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 4 Full Bathrooms
- 2,122 Sq Ft Home
- 2-Story Property
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 08006845001000
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 | $2,734 | $150,000 | $26,000 | $124,000 |
| 2024 | $2,734 | $139,000 | $22,800 | $116,200 |
| 2023 | $2,664 | $139,000 | $22,800 | $116,200 |
| 2022 | $3,112 | $113,000 | $19,100 | $93,900 |
| 2021 | $2,768 | $113,000 | $19,100 | $93,900 |
| 2020 | $3,110 | $92,700 | $17,300 | $75,400 |
| 2019 | $2,726 | $92,700 | $17,300 | $75,400 |
| 2018 | $2,900 | $77,000 | $17,300 | $59,700 |
| 2017 | $2,724 | $77,000 | $17,300 | $59,700 |
| 2016 | $3,161 | $69,500 | $14,400 | $55,100 |
| 2015 | $2,840 | $69,500 | $14,400 | $55,100 |
| 2014 | $2,772 | $62,000 | $14,400 | $47,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/21/2025 12/21/25 | Price Changed | $209,900 | -6.7% | $99 / Sq Ft | |
| 11/04/2025 11/04/25 | For Sale | $225,000 | +57.9% | $106 / Sq Ft | |
| 06/04/2021 06/04/21 | Sold | $142,500 | 0.0% | $67 / Sq Ft | View Prior Sale |
| 06/04/2021 06/04/21 | Sold | $142,500 | -28.7% | $67 / Sq Ft | View Prior Sale |
| 06/04/2021 06/04/21 | Pending | -- | -- | -- | |
| 04/24/2021 04/24/21 | Pending | -- | -- | -- | |
| 01/04/2021 01/04/21 | For Sale | $199,900 | -4.8% | $94 / Sq Ft | |
| 12/10/2020 12/10/20 | For Sale | $210,000 | +151.5% | $99 / Sq Ft | |
| 04/16/2018 04/16/18 | Sold | $83,500 | -6.2% | $39 / Sq Ft | View Prior Sale |
| 04/16/2018 04/16/18 | Pending | -- | -- | -- | |
| 03/23/2018 03/23/18 | For Sale | $89,000 | -- | $42 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $115,000 | -- | |
| Warranty Deed | $142,500 | None Available | |
| Warranty Deed | $83,500 | None Available | |
| Warranty Deed | $76,000 | -- | |
| Corporate Deed | $43,000 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $115,000 | New Conventional | |
| Previous Owner | $106,875 | Commercial | |
| Previous Owner | $82,500 | Commercial | |
| Previous Owner | $38,700 | Seller Take Back |
Source: Des Moines Area Association of REALTORS®
MLS Number: 729696
APN: 080-06845001000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 2303 Carpenter Ave
- 2126 University Ave
- 1175 21st St
- 1120 23rd St Unit 6
- 1440 21st St
- 2305 Drake Park Ave
- 1434 Martin Luther King Junior Pkwy
- 1136 26th St
- 1132 26th St
- 1559 23rd St
- 1070 22nd St
- 1131 28th St
- 1605 22nd St
- 1557 27th St
- 1159 18th St
- 1534 18th St
- 2712 College Ave
- 1622 Martin Luther King Junior Pkwy
- 1443 17th St
- 2814 Rutland Ave
- 1215 23rd St Unit 1215 23RD apt #3
- 1333 22nd St
- 2225 University Ave
- 2328 University Ave
- 2300 University Ave
- 2530 University Ave Unit ID1036860P
- 2530 University Ave Unit ID1036859P
- 2530 University Ave Unit ID1036809P
- 2530 University Ave Unit ID1036856P
- 1123 24th St Unit 1
- 1171 21st St
- 1171 21st St
- 2313 Drake Park Ave
- 2810 Brattleboro Ave Unit 4
- 1055 Martin Luther King jr Pkwy
- 2813 Cottage Grove Ave
- 1051 19th St
- 1042 18th St
- 1501 University Ave
- 1435 University Ave