$415,000
SOLD MAY 16, 2025
-- Bed
6 Baths
3,330 Sq Ft
7,197 Sq Ft Lot

Recently Sold

$125 Per Sq Ft

2% Below List Price

29 Days on Market

Highlights

  • 6 Kitchens
  • Laundry Room
  • Forced Air Heating System
  • No HOA
  • Storage
  • Baseboard Heating

About This Home

As of May 2025

This all-brick, 6-unit building presents a unique investment opportunity in a prime location just 6 minutes from Downtown Des Moines, 4 minutes from the Iowa State Fairgrounds, and within walking distance to Grandview Golf Course and Park. Each unit is fully occupied, renting for $725/month, with additional income from a coin-operated laundry (~$70/month). Recent updates include a new boiler in 2019, a new roof in 2020, a security camera system in 2022, new water heaters in 2023, and updated electrical panels in 2024. With strong rental income, a fantastic location, and valuable improvements, this property is an excellent addition to any investor's portfolio. Pre-approval is required before showings.

Last Agent to Sell the Property

Andrew Bruellman

RE/MAX Concepts Listed on: 03/12/2025

RE/MAX Concepts

Co-Listed By

Meredith Webber

RE/MAX Concepts

Last Buyer's Agent

Fernando Aveiga

EXP Realty, LLC

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,597

Year Built

  • Built in 1964

Lot Details

  • 7,197 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 6 Full Bathrooms
  • 3,330 Sq Ft Home
  • 2-Story Property
  • Storage
  • Laundry Room
  • 6 Kitchens

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 06007617000000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $1,467
  • Gross Income $4,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,597

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 127.63
  • Sp Amt Sq Ft: 124.62
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 6
  • Stoves Total: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • First Floor Full Bathrooms: 6
  • Basement Description: Slab
  • Kitchens: 6
  • Laundry: Yes
  • Storage: Yes
  • Living Area Sq Ft: 3330
  • Total Sq Ft: 3330

Exterior Features

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

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Electric Baseboard, Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Fee Information

  • Total Expense: 1467

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1650
  • Lot S F: 7197
  • Assessor Parcel Number: 06007617000000
  • Zoning: R1-80

Rental Info

  • Deposit: Yes
  • Landlord Tenant Utilities: Electric Tenant, Gas Landlord, Insurance Landlord, Misc Exp Landlord, Water Landlord

Tax Info

  • Gross Taxes: 5597.00
  • Net Taxes: 5597.00

Multi Family

  • Total Units: 6

MLS Schools

  • School District: Des Moines Independent

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Sold $415,000 -2.4% $125 / Sq Ft
04/10/2025 04/10/25 Pending -- -- --
03/12/2025 03/12/25 For Sale $425,000 +183.3% $128 / Sq Ft
06/12/2013 06/12/13 Sold $150,000 -21.1% --
06/07/2013 06/07/13 Pending -- -- --
04/29/2013 04/29/13 For Sale $190,000 -- --
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 713340

Des Moines Area Association of REALTORS®