Under contract

3419 1st St, Des Moines, IA 50313

Beds
5
Baths
7
Sqft
3,306
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byZealty Home Advisors
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Overview

Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time investor looking to build a portfolio or a seasoned investor seeking an affordable value-add asset, this property offers stable income today with additional rental growth potential tomorrow. Current rental certificate in place. Financial information available upon request.

Location

Full feature list

Basic info

Property type
Other residential
Number of stories
2
Number of bedrooms
5
Number of bathrooms
7
Square feet
3,306
Lot size (acres)
0.23
Year built
1890

Interior features

Basement
Yes, Finished

Exterior features

Horse amenities
Stable

Garage and parking

Garage parking spaces
2

Utilities

Heating
Hot Water, Natural Gas
Cooling
Window Units
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2026)
$5,579

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Des Moines Area Association of REALTORS® MLS MLS®#: 735080 Last checked:

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Des Moines Area Association of REALTORS®. All Rights Reserved.