Seller's Agent in 2026
Ryan Rohlf
Keller Williams Legacy Group
(515) 442-0625
1 in this area
253 Total Sales
1940 Arlington Ave Des Moines, IA 50314
River Bend Neighborhood
1
Bed
1
Bath
600
Sq Ft
--
Built
About This Home
Built for cash flow and positioned for long-term upside, this 9-unit apartment building in Des Moines’ historic River Bend neighborhood offers an attractive opportunity for investors seeking immediate income. The property features eight 1-bedroom units and one 2-bedroom unit and is currently fully rented aside from one unit, providing strong in-place occupancy with an opportunity to lease the remaining space. Current performance exceeds the 1% rule, making this a compelling addition to an investment portfolio. Residents enjoy a beautiful courtyard and outdoor common area, while newer concrete work at the entrance adds to the property’s curb appeal and functionality. A 2-car garage and additional basement storage provide further value and operational flexibility. Conveniently located near downtown Des Moines, employment centers, transit, and neighborhood amenities, 1940 Arlington Avenue combines dependable rental income, desirable unit mix, and future potential in an established urban neighborhood.
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 15, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0694%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 30, 2020
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $575,000 | -- | ||
| $450,000 | None Available |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $400,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 07/11/2026 07/11/26 | For Sale | $620,000 | -- | $128 / Sq Ft |
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 | $8,478 | $465,000 | $18,800 | $446,200 |
| 2024 | $8,478 | $431,000 | $16,500 | $414,500 |
| 2023 | $8,248 | $431,000 | $16,500 | $414,500 |
| 2022 | $9,640 | $350,000 | $13,800 | $336,200 |
| 2021 | $8,570 | $350,000 | $13,800 | $336,200 |
| 2020 | $9,626 | $287,000 | $12,500 | $274,500 |
| 2019 | $8,428 | $287,000 | $12,500 | $274,500 |
| 2018 | $8,964 | $238,000 | $12,500 | $225,500 |
| 2017 | $8,426 | $238,000 | $12,500 | $225,500 |
| 2016 | $8,784 | $215,000 | $10,500 | $204,500 |
| 2015 | $8,784 | $215,000 | $10,500 | $204,500 |
| 2014 | $8,564 | $191,500 | $10,500 | $181,000 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Rohlf
-
Dylan King
D
Seller Co-Listing Agent in 2026
Dylan King
Keller Williams Legacy Group
(641) 426-8062
48 Total Sales
Map
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