NOT LISTED FOR SALE

702 E 9th St Des Moines, IA 50309

East Village Neighborhood
Studio
4 Baths
3,600 Sq Ft
3,520 Sq Ft Lot

Last Sold June 22, 2023

Last sale price $225,000 $62 Per Sq Ft

344 Days on Market

Highlights

  • 4 Kitchens
  • No HOA
  • 5-minute walk to Whitmer Park

About This Home

As of June 2023

Great income-producing 4 plex north of the East Village neighborhood of downtown Des Moines. Each unit features 2 bedrooms and 1 bath. Could be a great option for an owner-occupied investment. The building needs significant TLC and is priced accordingly. Unit rents of $880, $650, $600, and $475 and tenants pay utilities. Lower rents are with long-term tenants but could be higher based on market. Sold AS IS. Schedule you’re showing today!

Last Agent to Sell the Property

Jason Stuyvesant

RE/MAX Concepts Listed on: 05/02/2022

RE/MAX Concepts

Last Buyer's Agent

Bethany Cochran

Agency Iowa

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,891

Year Built

  • Built in 1889

Lot Details

  • 3,520

Parking

  • No Driveway

Home Design

  • 3,600 Sq Ft Home
  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Shingled Roof

Additional Features

  • 4 Kitchens
  • 4 Full Bathrooms
  • 3,520 Sq Ft Lot
  • No Cooling
  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 04002990000000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $2,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,891

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Lp Amt Sq Ft: 65.28
  • Sp Amt Sq Ft: 62.50
  • Termite: Follow Showing Instructions
  • Year Built: 1889
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerators: 4
  • Stoves Total: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Second Floor Full Bathrooms: 4
  • Basement Description: Unfinished
  • Kitchens: 4
  • Living Area Sq Ft: 3600
  • Total Sq Ft: 3600

Exterior Features

  • Exterior: Brick
  • Foundation: Brick
  • Roof: Asphalt Shingle
  • Street Feature: Concrete

Garage/Parking

  • Driveway: None

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: None

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Acres: 0.0810
  • Lot S F: 3520
  • Assessor Parcel Number: 04002990000000
  • Zoning: R-4

Rental Info

  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Landlord, Water Tenant

Tax Info

  • Gross Taxes: 4891.00
  • Net Taxes: 4891.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Des Moines Independent

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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 List to Sale Price per Sq Ft
06/22/2023 06/22/23 Sold $225,000 -4.3% $63 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $235,000 -6.0% $65 / Sq Ft
01/30/2023 01/30/23 Price Changed $250,000 -9.1% $69 / Sq Ft
08/30/2022 08/30/22 Price Changed $275,000 -5.2% $76 / Sq Ft
08/08/2022 08/08/22 Price Changed $290,000 -6.5% $81 / Sq Ft
07/25/2022 07/25/22 Price Changed $310,000 -6.1% $86 / Sq Ft
06/01/2022 06/01/22 Price Changed $330,000 -5.7% $92 / Sq Ft
05/08/2022 05/08/22 Price Changed $350,000 -6.7% $97 / Sq Ft
05/02/2022 05/02/22 For Sale $375,000 -- $104 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $3,934 $216,000 $29,700 $186,300
2024 $3,934 $200,000 $26,100 $173,900
2023 $3,842 $200,000 $26,100 $173,900
2022 $4,490 $163,000 $21,800 $141,200
2021 $4,002 $163,000 $21,800 $141,200
2020 $4,494 $134,000 $19,800 $114,200
2019 $3,930 $134,000 $19,800 $114,200
2018 $4,180 $111,000 $19,800 $91,200
2017 $3,918 $111,000 $19,800 $91,200
2016 $4,275 $100,000 $16,500 $83,500
2015 $4,086 $100,000 $16,500 $83,500
2014 $4,964 $111,000 $16,500 $94,500
Source: Public Records

Agents Affiliated with this Home

  • Jason Stuyvesant

    Seller's Agent in 2023

    Jason Stuyvesant

    RE/MAX

    (515) 778-9669

    1 in this area

    130 Total Sales

    Jason Stuyvesant
    Section Image
  • Bethany Cochran

    Buyer's Agent in 2023

    Bethany Cochran

    Agency Iowa

    (515) 979-3750

    1 in this area

    337 Total Sales

    Bethany Cochran
    Section Image
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Map

Source: Des Moines Area Association of REALTORS®

MLS Number: 651057

Des Moines Area Association of REALTORS®
Iowa Polk County Des Moines 50309 East Village

702 E 9th St, Des Moines, IA

Not Listed for Sale

MultiFamily

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