702 20th St Des Moines, IA 50314
Sherman Hill NeighborhoodEstimated payment $11,875/month
Highlights
- 17 Kitchens
- No HOA
- Geothermal Heating and Cooling
- Wood Flooring
- Baseboard Heating
- 4-minute walk to Chamberlain Park
About This Home
Investment Opportunity in Historic Sherman Hill offering total of 17 units. Rare chance to own a fully remodeled multi-unit property in one of the city’s most desirable neighborhoods. The three-story apartment building was historically remodeled in 2022 w new framing, plumbing, electric, and all interior finished. This building offers 15 units: 9 one-bedroom, 3 two-bedroom, and 3 studio apartments—each with a full bathroom and modern kitchen equipped with stove, refrigerator, microwave, and dishwasher. Residents also enjoy convenient on-site coin-operated laundry. The duplex was fully remodeled in 2019 and has 2 - 3 bedrooms, 2 bathrooms, and an in-unit washer and dryer. Located in the heart of Sherman Hill, this property is close to shops, restaurants, and provides quick access to the interstate. A turnkey investment with strong rental potential in a prime location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,234
Year Built
- Built in 1989
Lot Details
- 8,000 Sq Ft Lot
- Lot Dimensions are 64x125
Parking
- Driveway
Home Design
- 12,392 Sq Ft Home
- Duplex
- Brick Exterior Construction
- Block Foundation
- Rolled or Hot Mop Roof
Kitchen
- 17 Kitchens
- Stove
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
Utilities
- Heat Pump System
- Baseboard Heating
- Geothermal Heating and Cooling
Additional Features
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 030/00494-000-000
Community Details
Overview
- No Home Owners Association
- 17 Units
- Pmi Association, Phone Number (515) 303-1027
Building Details
- Gross Income $17,990
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 | $4,888 | $1,080,000 | $21,200 | $1,058,800 |
| 2024 | $4,888 | $240,000 | $21,200 | $218,800 |
| 2023 | $5,854 | $1,000,000 | $21,200 | $978,800 |
| 2022 | $6,840 | $240,000 | $21,200 | $218,800 |
| 2021 | $6,082 | $240,000 | $21,200 | $218,800 |
| 2020 | $6,818 | $197,000 | $19,300 | $177,700 |
| 2019 | $5,992 | $197,000 | $19,300 | $177,700 |
| 2018 | $6,370 | $164,000 | $19,300 | $144,700 |
| 2017 | $5,982 | $164,000 | $19,300 | $144,700 |
| 2016 | $6,238 | $148,000 | $16,000 | $132,000 |
| 2015 | $6,238 | $148,000 | $16,000 | $132,000 |
| 2014 | $5,842 | $132,000 | $16,000 | $116,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/01/2025 10/01/25 | For Sale | $2,150,000 | +377.8% | $173 / Sq Ft | |
| 08/11/2020 08/11/20 | Pending | -- | -- | -- | |
| 08/07/2020 08/07/20 | Sold | $450,000 | 0.0% | $28 / Sq Ft | View Prior Sale |
| 08/03/2020 08/03/20 | For Sale | $450,000 | -- | $28 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $450,000 | None Available | |
| Warranty Deed | $270,000 | None Available | |
| Warranty Deed | $177,500 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $289,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | Construction | |
| Previous Owner | $450,000 | Construction |
Source: Des Moines Area Association of REALTORS®
MLS Number: 727368
APN: 030-00494000000
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