2800 54th St Des Moines, IA 50310
Merle Hay NeighborhoodEstimated payment $1,746/month
Highlights
- 2 Kitchens
- Laundry Room
- Forced Air Heating System
- No HOA
- Attic Fan
- Carpet
About This Home
Fantastic investment opportunity for a seasoned investor or first time home buyer! This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1.5 bathrooms, along with the convenience of a shared 2-car detached garage. With a strong rental history and reliable long-term tenants, this property delivers steady income and excellent future potential. Both units offer comfortable layouts, functional kitchens, and generous living spaces. Whether you're expanding your portfolio or searching for a smart first investment, this duplex combines solid cash flow with long-term value in a desirable location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,474
Year Built
- Built in 1967
Lot Details
- 9,625 Sq Ft Lot
- Lot Dimensions are 77x125
Home Design
- Split Foyer
- Asphalt Shingled Roof
- Cement Board or Planked
Interior Spaces
- 2 Full Bathrooms
- 936 Sq Ft Home
- Finished Basement
- Walk-Out Basement
- Attic Fan
- Fire and Smoke Detector
Kitchen
- 2 Kitchens
- Stove
Flooring
- Carpet
- Laminate
Laundry
- Laundry Room
- Laundry on upper level
Parking
- 2 Car Detached Garage
- Driveway
Utilities
- Forced Air Heating System
Community Details
- No Home Owners Association
- Gross Income $2,025
Listing and Financial Details
- Assessor Parcel Number 10003148012000
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 | $4,384 | $250,600 | $55,500 | $195,100 |
| 2024 | $4,384 | $222,900 | $49,300 | $173,600 |
| 2023 | $4,700 | $222,900 | $49,300 | $173,600 |
| 2022 | $4,664 | $199,400 | $42,800 | $156,600 |
| 2021 | $4,590 | $199,400 | $42,800 | $156,600 |
| 2020 | $4,768 | $183,900 | $39,400 | $144,500 |
| 2019 | $4,388 | $183,900 | $39,400 | $144,500 |
| 2018 | $4,286 | $163,300 | $34,300 | $129,000 |
| 2017 | $4,024 | $161,100 | $34,300 | $126,800 |
| 2016 | $3,922 | $148,800 | $31,300 | $117,500 |
| 2015 | $3,922 | $148,800 | $31,300 | $117,500 |
| 2014 | $3,750 | $141,100 | $29,200 | $111,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | For Sale | $260,000 | -- | $278 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Land Contract | $215,000 | Equitable Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $126,500 | -- | |
| Warranty Deed | $99,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $215,000 | Land Contract Argmt. Of Sale | |
| Previous Owner | $101,600 | Purchase Money Mortgage | |
| Previous Owner | $90,000 | No Value Available |
Source: Des Moines Area Association of REALTORS®
MLS Number: 730774
APN: 100-03148012000
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