$244,000
$5K PRICE DROP

Estimated payment $1,564/month

Total Views 619,991
-- Bed
2 Baths
3,729 Sq Ft
$65 Price per Sq Ft

Highlights

  • 2 Kitchens
  • Laundry Room
  • 3-minute walk to Evelyn Davis Park
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

Turnkey duplex opportunity at 1527 Forest Ave in Des Moines—perfect for investors! This solid brick and stucco property features two spacious 2-bed/1-bath units, both with original hardwood floors, updated electrical, and composite windows. Recent exterior upgrades include a brand-new roof, soffit, gutters, and fascia. Located directly across from a park on a corner lot, the property offers plenty of parking and strong tenant appeal. With leases in place and tenants covering utilities, this low-maintenance asset is ready to cash flow from day one.

Listing Agent

Eric Fitzgerald

Keller Williams Realty GDM Listed on: 05/12/2025

Keller Williams Realty GDM

Co-Listing Agent

Darson Grantham

Keller Williams Realty GDM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,307

Year Built

  • Built in 1924

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 2 Full Bathrooms
  • 3,729 Sq Ft Home
  • 2-Story Property
  • Laundry Room
  • Unfinished Basement

Kitchen

  • 2 Kitchens
  • Stove
  • Microwave
  • Dishwasher

Additional Features

  • 4,250 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 792434303013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,307

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 65.43
  • Termite: Follow Showing Instructions
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Dishwashers: 2
  • Refrigerators: 2
  • Stoves Total: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Second Floor Full Bathrooms: 2
  • Basement Description: Unfinished
  • Kitchens: 2
  • Laundry: Yes
  • Storage: No
  • Included Items: Dishwasher, Microwave, Refrigerator, Stove
  • Living Area Sq Ft: 3729
  • Total Sq Ft: 3729

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Sidewalk: Y
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Central
  • Heat: Gas Forced Air

Condo/Co-op/Association

  • Association Fee: No
  • Manager: No

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.0980
  • Lot S F: 4250
  • Lot Shape: Regular
  • Assessor Parcel Number: 792434303013
  • Zoning: N5

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Tenant

Tax Info

  • Gross Taxes: 3307.00
  • Net Taxes: 3307.00
  • Tax Year: 2025

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Des Moines Independent

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,002 $152,600 $8,000 $144,600
2023 $2,646 $152,600 $8,000 $144,600
2022 $2,626 $112,300 $6,100 $106,200
2021 $2,510 $112,300 $6,100 $106,200
2020 $2,608 $100,600 $5,400 $95,200
2019 $1,618 $100,600 $5,400 $95,200
2018 $1,602 $60,200 $4,800 $55,400
2017 $1,834 $60,200 $4,800 $55,400
2016 $2,351 $60,700 $4,800 $55,900
2015 $1,600 $60,700 $4,800 $55,900
2014 $1,402 $52,800 $4,700 $48,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $244,000 -2.0% $65 / Sq Ft
05/12/2025 05/12/25 For Sale $249,000 -- $67 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $52,000 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

About the Listing Agent

Eric Fitzgerald

Keller Williams Realty GDM

(515) 824-5822

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Source: Des Moines Area Association of REALTORS®

MLS Number: 716534

Des Moines Area Association of REALTORS®

APN: 080-03839000000