717 Franklin Ave Des Moines, IA 50314
River Bend NeighborhoodEstimated payment $1,209/month
Total Views
7,639
--
Bed
6
Baths
4,233
Sq Ft
$41
Price per Sq Ft
About This Home
Online bidding starts at $175,000! This is your chance to own your investment property with full transparency in the bidding process. Cash or financing is accepted, and our unique open bidding platform allows you to see exactly what others are offering—no guesswork or blind offers. You set the value, making the process simple and fair. Bidding ends August 25, 2025. This cash-flowing 6-unit property features flexible month-to-month tenants and currently generates $3,850 per month in rents, with room for future increases. Contact an agent today for more details and to secure your place in the bidding process.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,077
Year Built
- Built in 1901
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 100x132
Home Design
- 4,233 Sq Ft Home
Bedrooms and Bathrooms
- 6 Full Bathrooms
Listing and Financial Details
- Assessor Parcel Number 08007891001000
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Operating Expense $198,531
- Gross Income $487,140
Map
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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 |
|---|---|---|---|---|
| 2024 | $2,970 | $151,000 | $14,000 | $137,000 |
| 2023 | $2,898 | $151,000 | $14,000 | $137,000 |
| 2022 | $3,388 | $123,000 | $11,700 | $111,300 |
| 2021 | $3,016 | $123,000 | $11,700 | $111,300 |
| 2020 | $3,388 | $101,000 | $10,600 | $90,400 |
| 2019 | $2,956 | $101,000 | $10,600 | $90,400 |
| 2018 | $3,146 | $83,500 | $10,600 | $72,900 |
| 2017 | $2,958 | $83,500 | $10,600 | $72,900 |
| 2016 | $3,084 | $75,500 | $8,900 | $66,600 |
| 2015 | $3,084 | $75,500 | $8,900 | $66,600 |
| 2014 | $2,874 | $67,000 | $8,900 | $58,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Price Changed | $175,000 | -94.9% | $41 / Sq Ft |
| 06/05/2025 06/05/25 | Price Changed | $3,400,000 | -17.1% | $803 / Sq Ft |
| 05/09/2025 05/09/25 | For Sale | $4,100,000 | -- | $969 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $115,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $66,500 | -- | |
| Warranty Deed | $61,500 | -- | |
| Warranty Deed | $49,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Unknown | |
| Closed | $75,000 | Unknown | |
| Previous Owner | $50,250 | Commercial | |
| Previous Owner | $55,800 | Commercial |
Source: Public Records
Similar Homes in Des Moines, IA
Source: Des Moines Area Association of REALTORS®
MLS Number: 717804
APN: 080-07891001000
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