1355 24th St Des Moines, IA 50311
Drake NeighborhoodEstimated payment $1,721/month
Highlights
- 2 Kitchens
- Laundry Room
- Forced Air Heating and Cooling System
- No HOA
- Storage
About This Home
Investor opportunity within walking distance of Drake University. This turn-key duplex features two occupied units on month-to-month leases, offering immediate cash flow with room for growth.
Both the upper and lower units include 2 bedrooms, 1 bathroom, and independent layouts. All appliances stay with the property, including a dedicated washer and dryer setup for each unit. The lower unit features a newer refrigerator, while the upper unit has been updated within the last two years with newer appliances and durable LVP flooring. Each tenant responsible for their own electric. The detached garage electricity is tied to the upper unit meter. Gas and water are landlord expenses. A great addition to a portfolio or a perfect house-hack opportunity close to campus. This property also features a possible assumable VA loan for qualified buyers. Call your agent to schedule a tour.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,700
Year Built
- Built in 1897
Lot Details
- 7,776 Sq Ft Lot
- Lot Dimensions are 48x162.5
Parking
- 1 Car Detached Garage
Home Design
- Brick Foundation
- Vinyl Siding
Interior Spaces
- 2 Full Bathrooms
- 2,064 Sq Ft Home
- 2-Story Property
- Storage
- Laundry Room
- 2 Kitchens
- Unfinished Basement
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 08001569000000
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $200
- Gross Income $1,875
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,542 | $202,900 | $14,900 | $188,000 |
| 2024 | $3,542 | $180,030 | $13,400 | $166,630 |
| 2023 | $3,168 | $186,600 | $13,400 | $173,200 |
| 2022 | $3,144 | $141,000 | $10,700 | $130,300 |
| 2021 | $3,038 | $141,000 | $10,700 | $130,300 |
| 2020 | $3,156 | $128,300 | $9,700 | $118,600 |
| 2019 | $3,314 | $128,300 | $9,700 | $118,600 |
| 2018 | $3,280 | $123,300 | $9,100 | $114,200 |
| 2017 | $3,110 | $123,300 | $9,100 | $114,200 |
| 2016 | $3,030 | $115,000 | $8,500 | $106,500 |
| 2015 | $3,030 | $115,000 | $8,500 | $106,500 |
| 2014 | $2,978 | $112,100 | $8,300 | $103,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/02/2026 07/02/26 | For Sale | $260,000 | +11.1% | $126 / Sq Ft | |
| 09/05/2022 09/05/22 | Sold | $234,000 | +4.0% | $113 / Sq Ft | View Prior Sale |
| 07/22/2022 07/22/22 | Pending | -- | -- | -- | |
| 07/06/2022 07/06/22 | For Sale | $225,000 | +104.5% | $109 / Sq Ft | |
| 03/23/2018 03/23/18 | Pending | -- | -- | -- | |
| 03/22/2018 03/22/18 | Sold | $110,000 | 0.0% | $53 / Sq Ft | View Prior Sale |
| 02/22/2018 02/22/18 | For Sale | $110,000 | -- | $53 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $234,000 | -- | |
| Warranty Deed | $110,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $99,500 | None Available | |
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $239,382 | VA | |
| Previous Owner | $165,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $89,910 | Commercial |
Source: Des Moines Area Association of REALTORS®
MLS Number: 744385
APN: 080-01569000000
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.
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