***CONTRACT TERMS AVAILABLE*** Discover the potential of this updated multi-family property, perfectly situated just a stone's throw away from downtown and within walking distance to the local elementary school. This versatile investment features a spacious 3-bedroom, 1-bathroom unit on the main level, ideal for families seeking comfort and convenience. The upper-level boasts a cozy 2-bedroom, 1-bathroom unit, perfect for rental income or extended family. Recent upgrades, including a new roof and siding (2019), a modern HVAC system and hot water heater (2025), and a new sewer line (2024), ensure peace of mind for years to come. Enjoy the benefits of living in an area with easy access to shops, dining, and recreational activities. Don’t miss this opportunity to invest in your future – whether as a primary residence or a savvy rental property. Schedule your showing today!
For sale
Price cut: $5K (11/4)
$225,000
1427 7th St, Des Moines, IA 50314
5beds
1,752sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$128/sqft
$-- HOA
What's special
- 72 days |
- 167 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: November 04, 2025 at 12:46pm
Listed by:
Matt Hennig 888-220-0988,
Platinum Realty LLC
Source: DMMLS,MLS#: 727604
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Refrigerator, Stove
Features
- Basement: Unfinished
Interior area
- Total structure area: 1,752
- Total interior livable area: 1,752 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,532.12 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 08003562000000
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $128/sqft
- Tax assessed value: $130,600
- Annual tax amount: $2,732
- Date on market: 10/3/2025
- Cumulative days on market: 73 days
- Listing terms: Cash,Conventional,Contract
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Price change | $225,000-2.2%$128/sqft |
Source:  DMMLS #727604 Report a problem | ||
| 10/3/2025 | Listed for sale | $230,000-34.3%$131/sqft |
Source: DMMLS #727604 Report a problem | ||
| 9/4/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/29/2025 | Listed for sale | $350,000+89.2%$200/sqft |
Source: Owner Report a problem | ||
| 8/19/2022 | Sold | $185,000-5.1%$106/sqft |
Source: DMMLS #655705 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,870 +2.1% | $130,600 +23.8% |
| 2023 | $1,832 +0.8% | $105,500 +35.8% |
| 2022 | $1,818 +6.9% | $77,700 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,253/mo
Principal & interest
$872
Property taxes
$302
Home insurance
$79
Climate risks
Neighborhood: River Bend
Nearby schools
GreatSchools rating
- 5/10Moulton Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 1/10Harding Middle SchoolGrades: 6-8Distance: 1.6 mi
- 2/10North High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: Des Moines Independent
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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