Seller's Agent in 2025
Darson Grantham
Keller Williams Realty GDM
(641) 745-0156
13 in this area
212 Total Sales
4025 54th St Des Moines, IA 50310
Merle Hay Neighborhood
--
Bed
2
Baths
1,358
Sq Ft
8,400
Sq Ft Lot
Highlights
- 2 Kitchens
- No HOA
- Storage
- Ranch Style House
- Laundry Room
- Forced Air Heating and Cooling System
About This Home
As of July 20254025 54th St is a rock-solid duplex that makes sense from every angle—whether you're a first-time house hacker or a seasoned investor looking to expand your portfolio. With both units currently vacant, you're free to move in and offset your mortgage with rental income, or lease out both sides at market rent with zero downtime. The property includes an upper 3-bedroom, 1-bath unit and a lower 2-bedroom, 1-bath unit, both with access to a shared laundry setup. A new roof was installed in 2020, and in 2021 the furnace blower was replaced and the ductwork was updated. Even better, the property holds a valid rental certificate through 2027, giving you a worry-free runway for cash flow. Set in a quiet residential pocket of Des Moines, the location offers stable tenant demand and long-term rental potential. Whether you're looking to live in one unit and rent the other or simply lock in a smart buy-and-hold opportunity, this duplex is a clean, straightforward investment play with upside and flexibility.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,135
Year Built
- Built in 1958
Lot Details
- 8,400 Sq Ft Lot
- Lot Dimensions are 60x140
Home Design
- Ranch Style House
- Brick Exterior Construction
- Block Foundation
- Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 1,358 Sq Ft Home
- Storage
- Laundry Room
- Finished Basement
- Walk-Out Basement
Kitchen
- 2 Kitchens
- Stove
Parking
- 1 Car Attached Garage
- Driveway
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 10000530000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 25, 2025
Closed on
Jun 24, 2025
Sold by
Murphy Christopher and Rose Suman
Bought by
Martin Juan Carlos Franc and De Franco Mirna
Seller's Agent
Darson Grantham
Keller Williams Realty GDM
Buyer's Agent
Gilbert Gonzales
RE/MAX Precision
List Price
$260,000
Sold Price
$245,000
Premium/Discount to List
-$15,000
-5.77%
Views
511
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.93%
Original Mortgage
$232,750
Outstanding Balance
$232,750
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$21,319
Purchase Details
Listed on
Sep 21, 2021
Closed on
Nov 1, 2021
Sold by
Vergara Alex S and Vergara Rebecca S
Bought by
Murphy Christopher and Rose Suman
Seller's Agent
Dan Vierling
Iowa Realty Mills Crossing
Buyer's Agent
Darson Grantham
Keller Williams Realty GDM
List Price
$210,000
Sold Price
$210,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$178,500
Interest Rate
2.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 22, 2005
Sold by
Nguyen Trang To and Nguyen Wayne
Bought by
Vergara Alex S and Vergara Rebecca S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,750
Interest Rate
5.91%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $245,000 | None Listed On Document | |
| Warranty Deed | $245,000 | None Listed On Document | |
| Warranty Deed | $210,000 | None Available | |
| Warranty Deed | $210,000 | None Listed On Document | |
| Warranty Deed | $156,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $232,750 | New Conventional | |
| Closed | $232,750 | New Conventional | |
| Previous Owner | $178,500 | New Conventional | |
| Previous Owner | $111,300 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $117,750 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Sold | $245,000 | -5.8% | $180 / Sq Ft |
| 05/28/2025 05/28/25 | Pending | -- | -- | -- |
| 04/25/2025 04/25/25 | For Sale | $260,000 | +23.8% | $191 / Sq Ft |
| 11/01/2021 11/01/21 | Sold | $210,000 | 0.0% | $155 / Sq Ft |
| 11/01/2021 11/01/21 | Pending | -- | -- | -- |
| 09/21/2021 09/21/21 | For Sale | $210,000 | -- | $155 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Tax History Compared to Growth
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 | $4,540 | $241,200 | $45,600 | $195,600 |
| 2023 | $4,608 | $241,200 | $45,600 | $195,600 |
| 2022 | $4,780 | $204,400 | $40,100 | $164,300 |
| 2021 | $4,776 | $204,400 | $40,100 | $164,300 |
| 2020 | $4,962 | $191,400 | $37,400 | $154,000 |
| 2019 | $4,620 | $191,400 | $37,400 | $154,000 |
| 2018 | $4,572 | $171,900 | $32,700 | $139,200 |
| 2017 | $4,146 | $171,900 | $32,700 | $139,200 |
| 2016 | $4,040 | $153,300 | $26,700 | $126,600 |
| 2015 | $4,040 | $153,300 | $26,700 | $126,600 |
| 2014 | $3,624 | $141,500 | $24,400 | $117,100 |
Source: Public Records
Agents Affiliated with this Home
-
Darson Grantham
-
Gilbert Gonzales
Buyer's Agent in 2025
Gilbert Gonzales
RE/MAX Precision
(641) 691-2642
4 in this area
277 Total Sales
-
Dan Vierling
Seller's Agent in 2021
Dan Vierling
Iowa Realty Mills Crossing
(515) 971-3773
8 in this area
94 Total Sales
Map
Source: Des Moines Area Association of REALTORS®
MLS Number: 716369
APN: 100/00530-000-000
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