1513 Des Moines St Des Moines, IA 50316
Capitol East NeighborhoodEstimated payment $1,542/month
Total Views
202,524
--
Bed
3
Baths
2,806
Sq Ft
$82
Price per Sq Ft
Highlights
- 3 Kitchens
- Laundry Room
- 4-minute walk to Stewart Square Park
- No HOA
- Forced Air Heating System
About This Home
Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The first unit is a spacious 3-bedroom, 1-bathroom layout, ideal for a larger household. The second unit features 2 bedrooms and 1 bathroom, providing comfortable living space, while the third unit is a 1-bedroom, 1-bathroom unit, perfect for a single occupant or couple.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,081
Year Built
- Built in 1901
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 50x150
Home Design
- Brick Exterior Construction
- Stone Foundation
Interior Spaces
- 2,806 Sq Ft Home
- 2-Story Property
- Laundry Room
- Unfinished Basement
Kitchen
- 3 Kitchens
- Stove
- Microwave
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- No Home Owners Association
- 3 Units
- Pmi Association
Listing and Financial Details
- Assessor Parcel Number 04005195000000
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 | $3,010 | $153,000 | $17,500 | $135,500 |
| 2023 | $2,804 | $182,000 | $17,500 | $164,500 |
| 2022 | $3,278 | $148,000 | $14,600 | $133,400 |
| 2021 | $2,748 | $148,000 | $14,600 | $133,400 |
| 2020 | $3,086 | $121,000 | $13,300 | $107,700 |
| 2019 | $3,258 | $121,000 | $13,300 | $107,700 |
| 2018 | $3,466 | $92,000 | $13,300 | $78,700 |
| 2017 | $3,460 | $92,000 | $13,300 | $78,700 |
| 2016 | $3,392 | $83,000 | $11,100 | $71,900 |
| 2015 | $3,392 | $83,000 | $11,100 | $71,900 |
| 2014 | $2,949 | $74,000 | $11,100 | $62,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/13/2025 02/13/25 | For Sale | $230,000 | +21.1% | $82 / Sq Ft |
| 10/07/2021 10/07/21 | Sold | $190,000 | -2.6% | $68 / Sq Ft |
| 10/07/2021 10/07/21 | Pending | -- | -- | -- |
| 08/20/2021 08/20/21 | Price Changed | $194,999 | -2.5% | $69 / Sq Ft |
| 08/11/2021 08/11/21 | Pending | -- | -- | -- |
| 07/22/2021 07/22/21 | For Sale | $199,999 | 0.0% | $71 / Sq Ft |
| 06/28/2021 06/28/21 | For Sale | $199,999 | +11.2% | $71 / Sq Ft |
| 02/26/2021 02/26/21 | Sold | $179,900 | 0.0% | $64 / Sq Ft |
| 02/01/2021 02/01/21 | Pending | -- | -- | -- |
| 01/31/2021 01/31/21 | For Sale | $179,900 | +50.2% | $64 / Sq Ft |
| 12/21/2017 12/21/17 | Sold | $119,800 | 0.0% | $43 / Sq Ft |
| 11/01/2017 11/01/17 | Pending | -- | -- | -- |
| 01/27/2017 01/27/17 | For Sale | $119,800 | -- | $43 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $190,000 | None Available | |
| Warranty Deed | $180,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Land Contract | $210,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $109,500 | Itc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $142,500 | New Conventional | |
| Previous Owner | $189,000 | Land Contract Argmt. Of Sale | |
| Previous Owner | $87,917 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $82,425 | 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: 711532
APN: 040-05195000000
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