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.
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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
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: …
