$1,115,000
$135K PRICE DROP

3117 Grand Ave Des Moines, IA 50312

North of Grand Neighborhood

Estimated payment $7,159/month

Total Views 14,966
-- Bed
-- Bath
9,960 Sq Ft
$112 Price per Sq Ft

Highlights

  • 0.69 Acre Lot
  • Window Unit Cooling System
  • Heating System Uses Steam
  • Wood Flooring

About This Home

Great investment opportunity. Located on historic Grand Ave. Prime as an income property or redevelopment opportunity in the booming Ingersoll Corridor.

Listing Agent

Brian K Spraggins

Hunziker & Assoc.-Ames License #S69347 Listed on: 02/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,602

Year Built

  • Built in 1966

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 300 x 100

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 9,960 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 090/02176

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $94,375
  • Gross Income $126,596
  • Net Operating Income $32,221

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,602

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.69
  • Lot Size: 300 x 100
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1966
  • Water Heater:Electric2: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Floor:Carpet: Yes
  • Floor:Laminate: Yes
  • Floor:Tile2: Yes
  • Exterior:Brick: Yes
  • Floor:Vinyl2: Yes
  • Floor:Hardwood: Yes
  • Foundation:Concrete Block: Yes
  • Features:Cable TV: Yes
  • Annual Expenses: 94374.8
  • Income Expenses Net Income: 32221.0
  • Cooling:Window Unit(s): Yes
  • Special Features: None

Interior Features

  • Has Basement: Partial
  • Flooring: Vinyl, Tile, Laminate, Hardwood, Carpet
  • Basement:Partial2: Yes

Exterior Features

  • Construction Type: Brick
  • Foundation Details: Block

Garage/Parking

  • Keywords:Garage Type3: None
  • Keywords:Parking Spaces2: None

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Steam
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Steam: Yes

Schools

  • Junior High Dist: Des Moines

Lot Info

  • Lot Size Sq Ft: 30000.0
  • Parcel #: 090/02176
  • Zoning: NX3

Rental Info

  • Who Pays Trash: Landlord
  • Who Pays Water: Landlord

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 126596.4
  • Property Net Operating Income: 32221.0
  • Annual Operating Expense: 94374.8

Tax Info

  • Tax Annual Amount: 15602.0

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
04/23/2025 04/23/25 Price Changed $1,115,000 -10.8% $112 / Sq Ft
02/18/2025 02/18/25 For Sale $1,250,000 -- $126 / Sq Ft
Source: Central Iowa Board of REALTORS®

Source: Central Iowa Board of REALTORS®

MLS Number: 66567

Iowa Polk County Des Moines 50312 North of Grand

3117 Grand Ave, Des Moines, IA

For Sale

MultiFamily

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Brian K Spraggins
Listing Agent
Brian K Spraggins
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Hunziker & Assoc.-Ames
(515) 676-4593