With NINE total bedrooms and 4 bathrooms, this is a turnkey investment opportunity nestled on a nearly half-acre lot on Des Moines' desirable northwest side! Offering an impressive amount of living space, this property combines modern updates with functional layouts and endless possibilities. Recent improvements throughout both units include new luxury vinyl plank flooring, new carpet, fresh paint, and updated vanities in most bathrooms. The exterior features newer vinyl siding, recent foundation work, separate driveways for each side, and a detached two-car garage. The 2525 side offers 4 bedrooms and 2 bathrooms, along with a versatile upper-level bonus space featuring beautiful hardwood floors - perfect for a playroom, home office, hobby space, or additional living area. The 2527 side includes 5 bedrooms and 2 bathrooms and features a recently updated kitchen. Inside the front entrance, each unit has its own dedicated mudroom closet storage, creating a practical and welcoming entryway. The expansive lot provides plenty of room to enjoy outdoor activities, gardening, or simply the privacy that comes with extra space. Whether you're looking for a multi-generational living arrangement, owner-occupancy with additional income potential, or a one-of-a-kind rental property, this duplex has it all. It's a rare opportunity! All information obtained from seller and public records.
This well-sized 2-bedroom, 1 bath walkout duplex is ideally located just off E McKinley Ave in a desirable South Des Moines neighborhood. Both units are currently rented at $1,200/month, offering immediate income. Tenants are responsible for all utilities-including water, sewer, storm water, gas, and electric, as well as snow removal and lawn care, helping keep expenses low. Conveniently located near shopping, dining, and everyday essentials, just minutes from downtown Des Moines. Recent updates/features include a new roof in 2021, 815 unit water heater replaced in 2022 & New AC and Furnace in 2023. Their is adequate parking and rental certificate is good til Aug 10th, 2027. This property offers strong potential for investors looking to enhance value and maximize returns in a prime location. All information obtained from seller and public records.
If you're looking for a duplex portfolio, this is your chance! 707 & 715 E. McKinley Ave. are located side by side, making management and maintenance much more efficient for an investor. Per the seller, all four units offer 3 bedrooms with additional finished basement sq footage. The combined gross monthly income for both duplexes is $4,893. Tenants are responsible for all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal, helping keep operating expenses low. The owner is responsible for snow removal of the parking areas due to the shared driveways. 715 New furnace & Ac (2023) & 717 water heater replaced (2024). Conveniently located near shopping, dining, and everyday amenities, these properties offer strong rental appeal. Additional features include spacious backyards, walkout basements, and functional floor plans. This investment presents excellent upside potential for investors looking to enhance value and maximize returns. Also available from the same owner are 801, 807 and 815 E. McKinley Ave., creating the opportunity to acquire a larger multifamily portfolio. All information obtained from seller and public records.
If you're looking for a duplex portfolio, this is your chance! 801 & 807 E. McKinley Ave. are located side by side, making management and maintenance much more efficient for an investor. Per the seller, all four units offer 3 bedrooms with additional finished basement sq footage and are located just off E. McKinley Ave in a desirable South Des Moines neighborhood. The combined gross monthly income for both duplexes is $4,830. Tenants are responsible for all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal, helping keep operating expenses low. The owner is responsible for snow removal of the parking areas due to the shared driveways. 803 has new furnace & AC (2022). Conveniently located near shopping, dining, and everyday amenities, these properties offer strong rental appeal. Additional features include spacious backyards, walkout basements, and functional floor plans. This investment presents excellent upside potential for investors looking to enhance value and maximize returns. Also available from the same owner are 707, 715, and 815 E. McKinley Ave., creating the opportunity to acquire a larger multifamily portfolio. All information obtained from seller and public records.
Nice investment property; live in one unit and rent the other unit . This Duplex has two nicely sized bedrooms in each unit and is in a great area with over 900 sq. ft. of finished area in each.
A converted Victorian single-family with original detail intact throughout. Now a five-unit investment property in Des Moines' Oak Park neighborhood, 4,067 sq ft on .37 acres. Built in 1897 with original Victorian detail throughout - ornate staircase, original millwork, stained glass, and fireplace with intact surround. Two units appear to have been updated with newer kitchens and flooring. The remaining units need substantial work - walls, flooring, kitchens and baths. Priced to reflect condition. Two attached garage spaces and two detached. Laundry hookups on main floor and in basement. Seven utility meters. Bank owned and selling in AS IS condition. Cash or conventional financing appropriate to condition of home. Call your agent to schedule a showing.
Rare investment opportunity grossing $4,140 per month in the highly desirable Kingman neighborhood of Des Moines. A 5 unit property with assigned off street parking for each unit. Additionally there is a detached car garage for further potential rental income. The units have been well updated, including 200 amp service metered to each unit, fresh paint, carpet, and the majority of the hardwood flooring being refinished. Current rental rates are: Unit 1 (occupied 8/01) $1200. Unit 2 (occupied) $815 Unit 3 (Occupied) $695. Unit 4 (occupied) $835. Unit 5 (occupied) $595. This is a perfect combination of a well maintained and highly marketable rental property that still has room for future revenue enhancing improvements.
Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.
Great opportunity to own a fully updated 3-unit property featuring a duplex plus a separate single-family home—ideal for investors or owner-occupants looking to house hack. The property includes two 2-bedroom units and one 1-bedroom unit, offering a strong unit mix with great rental appeal. All units have been extensively updated, including kitchens, bathrooms, flooring, paint, siding, and roof—making this a truly turnkey investment. Live in one unit while the others help offset your mortgage, or add a solid, income-producing property to your portfolio. A current rental certificate is already in place, so you can start generating income right away. Don’t miss this opportunity to own a versatile, updated multi-family property with excellent cash-flow potential!
Two homes on one lot—ideal investment or house hack opportunity! Property includes 1987 & 1989 SW 1st St. 1987 is a 1.5 story featuring 2 bedrooms, 1 bath, and is currently vacant—move-in or rent-ready for immediate occupancy (currently being advertised for rent at $1,100). 1989 offers 1 bedroom, 1 bath and is currently tenant occupied, providing instant rental income (current rent is $850). Separate living spaces allow flexibility for owner-occupants or investors looking to maximize cash flow. Convenient location with easy access to downtown, major roads, and amenities. Great opportunity to live in one unit while the other helps offset your mortgage or add to your portfolio with a turnkey income-producing property.
This duplex offers a fantastic investment opportunity with strong cash flow potential. Featuring one 2 bedroom unit and one 3 bedroom unit, this property provides flexibility and solid rental appeal. Tenants will appreciate the ample off street parking and convenient alley access. Centrally located with easy access to downtown and the entire metro, it is ideally positioned for consistent demand. Projected rental income of $1800 per month makes this a great addition to any investment portfolio.
This well-sized 3-bedroom, 1.5-bath walkout duplex is ideally located just off McKinley Ave in a desirable South Des Moines neighborhood. Both units are currently rented at $1,200/month, offering immediate income. Tenants are responsible for all utilities-including water, sewer, storm water, gas, and electric, as well as snow removal and lawn care, helping keep expenses low. Conveniently located near shopping, dining, and everyday essentials along SE 14th St, with easy access to Gray's Lake Park and Water Works Park, and just minutes from downtown Des Moines. Recent updates/features include a new roof in 2020, newer windows and water heater replaced in 2023. Additional features include a bedroom and 1/2 bathroom in basement, a spacious backyard, and a functional layout. This property offers strong potential for investors looking to enhance value and maximize returns in a prime location. All information obtained from seller and public records.
This well-sized 3-bedroom, 1-bath walkout duplex is ideally located just off McKinley Ave in a desirable South Des Moines neighborhood. Both units are currently rented at $1,200/month, offering immediate income. Tenants are responsible for all utilities-including water, sewer, storm water, gas, and electric, as well as snow removal and lawn care, helping keep expenses low. Conveniently located near shopping, dining, and everyday essentials along SE 14th St, with easy access to Gray's Lake Park and Water Works Park, and just minutes from downtown Des Moines. Recent updates include a new roof in 2020 and water heaters replaced in 2023 and 2012. Additional features include a basement toilet in unit 1024, a spacious backyard, and a functional layout. This property offers strong potential for investors looking to enhance value and maximize returns in a prime location. All information obtained from seller and public records.
BRAND NEW RENTAL CERTIFICATE good through 2028! Gross rent $4,935 - Fully occupied 6-plex in the heart of Sherman Hill with separate gas and electric meters for each unit. Property features a mix of unit layouts, multiple kitchens and baths, and a shared basement with on-site laundry. Classic structure with solid bones offering opportunity for future improvements over time. Well-located in one of Des Moines’ most established neighborhoods with close proximity to downtown, Ingersoll, and major employers, supporting consistent rental demand. Financials available upon request
Multi-family home with 4 individual 1 bed 1 bath units. Long term month to month rentals currently with no actual leases in place. City required the landlord to update electric so each unit has their own thermostat. Current rental certificate in place. Each unit currently pays $450 per month. Being sold "AS IS". Please allow min 24 hour notice to view occupied units. Unit #1 is vacant and can be seen.
686 19th Street is a well-located six-unit multifamily property in Des Moines’ historic Sherman Hill neighborhood, one of the city’s most desirable and character-rich areas. The property combines historic charm, neighborhood stability, and close proximity to downtown, making it attractive to both residents and investors. Sherman Hill is known for its tree-lined streets, classic architecture, and quiet residential feel, while offering easy access to downtown amenities. Residents enjoy walkable access to Smokey Row Coffee Company and Gateway Market, along with nearby dining, nightlife, and major employment centers. The six-unit layout offers manageable scale and consistent rental demand, supported by limited multifamily supply and strong neighborhood appeal. The location promotes long-term occupancy, stable cash flow, and tenant retention. 686 19th Street presents a solid opportunity to acquire a multifamily asset in a walkable, supply-constrained neighborhood with proven investment fundamentals.
Ideal Investment Opportunity! Nestled in a quiet cul-de-sac street just off University Avenue, this well-maintained duplex is perfect for investors or someone looking for a place to live while supplementing their income. The main level unit is currently occupied by long-term tenants and features 2 bedrooms, 1 bath, a cozy living room, formal dining room, kitchen, and an additional office/bonus room. The basement provides ample extra storage space for tenant convenience, plus a shared washing machine (dryer owned by tenant). The upper-level is a 1 bed, 1 bath unit with a large living room area. Upper unit is also occupied as of April 1, 2026. The upper unit was recently updated with new paint, stove, and flooring. City of Des Moines rental certificate is good through August 23, 2027. Both units are equipped with newer separate water heaters and furnaces. Located close to amenities and transportation, this property offers incredible potential for passive income or multi-generational living. Don't miss your chance to own this fantastic investment property in a prime Des Moines location.
This 6-unit multi-family property is income-producing. All units are rented and monthly rents total $4120/mo. Room for rent increases. Large basement for landlord storage. Huge parking lot. See agent notes for link to proforma info. All units have only one tenant currently, so landlord expenses are low. Individual rents: #1 $650 #2 $870 #3 $750 #4 $650 #5 $600 #6 $600
Great opportunity to invest in this Muti-use building 4 large units with three bedrooms each! The two units in the first level are vacant and contain 3 Beds, 2 bathrooms and Central air. The two apartments in the second level are occupied, rent is charged at $1400 type of leasing agreement is month to month. Rental certificate has been approved by the City of Des Moines for the two apartments that are occupied.
Des Moines is located in Iowa. Des Moines, Iowa has a population of 213,545. Des Moines is less family-centric than the surrounding county with 28.89% of the households containing married families with children. The county average for households married with children is 34.53%.
The median household income in Des Moines, Iowa is $58,444. The median household income for the surrounding county is $73,015 compared to the national median of $69,021. The median age of people living in Des Moines is 34.2 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 35.9 inches per year, with 32.9 inches of snow per year.
