4131 55th St Des Moines, IA 50310
Merle Hay NeighborhoodEstimated payment $1,824/month
Highlights
- 2 Kitchens
- No HOA
- Forced Air Heating System
About This Home
Turnkey duplex offering strong cash flow from day one! Unit A features 2 bedrooms and 1 full bath, while Unit B offers 4 bedrooms and 2 baths - ideal for maximizing rental income. Both units are spacious and well-maintained, making this a perfect addition to any investor's portfolio. Recent updates include a newer roof and siding, reducing future maintenance costs. Tenants enjoy off-street parking and a 2-car garage for added convenience. Whether you're looking to house hack or expand your rental holdings, this property delivers reliable income and long-term potential. Don't miss this opportunity to own a high-performing asset!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,514
Year Built
- Built in 1947
Lot Details
- 8,400 Sq Ft Lot
- Lot Dimensions are 60x140
Home Design
- Duplex
- Block Foundation
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3 Full Bathrooms
- 2,643 Sq Ft Home
- Partial Basement
Kitchen
- 2 Kitchens
- Stove
- Dishwasher
Parking
- 2 Car Attached Garage
- Gravel Driveway
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 10000594000000
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Operating Expense $200
- Gross Income $2,700
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 | $4,514 | $258,900 | $47,700 | $211,200 |
| 2024 | $4,514 | $229,500 | $41,500 | $188,000 |
| 2023 | $4,374 | $229,500 | $41,500 | $188,000 |
| 2022 | $4,340 | $185,600 | $36,500 | $149,100 |
| 2021 | $4,360 | $185,600 | $36,500 | $149,100 |
| 2020 | $4,788 | $174,700 | $34,000 | $140,700 |
| 2019 | $4,838 | $174,700 | $34,000 | $140,700 |
| 2018 | $4,788 | $180,000 | $29,800 | $150,200 |
| 2017 | $4,438 | $180,000 | $29,800 | $150,200 |
| 2016 | $4,324 | $164,100 | $26,700 | $137,400 |
| 2015 | $4,324 | $164,100 | $26,700 | $137,400 |
| 2014 | $3,908 | $147,100 | $23,800 | $123,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/03/2025 07/03/25 | For Sale | $275,000 | +7.8% | $104 / Sq Ft | |
| 08/30/2024 08/30/24 | Sold | $255,000 | 0.0% | $96 / Sq Ft | View Prior Sale |
| 08/04/2024 08/04/24 | Pending | -- | -- | -- | |
| 07/31/2024 07/31/24 | For Sale | $255,000 | +27.5% | $96 / Sq Ft | |
| 04/30/2021 04/30/21 | Sold | $200,000 | -4.8% | $76 / Sq Ft | View Prior Sale |
| 04/23/2021 04/23/21 | Pending | -- | -- | -- | |
| 11/10/2020 11/10/20 | For Sale | $210,000 | +82.6% | $79 / Sq Ft | |
| 04/18/2016 04/18/16 | Sold | $115,000 | -8.0% | $44 / Sq Ft | View Prior Sale |
| 04/18/2016 04/18/16 | Pending | -- | -- | -- | |
| 10/02/2015 10/02/15 | For Sale | $125,000 | -- | $47 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $255,000 | None Listed On Document | |
| Warranty Deed | $200,000 | First American Mortgage Sln | |
| Warranty Deed | $130,000 | None Available | |
| Warranty Deed | $115,000 | None Available | |
| Warranty Deed | $137,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $191,250 | Credit Line Revolving | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $83,200 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $97,750 | Commercial | |
| Previous Owner | $118,000 | Commercial |
Source: Des Moines Area Association of REALTORS®
MLS Number: 721599
APN: 100-00594000000
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