Discover a prime investment opportunity at 1430 8th St, Des Moines—a 6-unit multifamily property offering immediate cash flow with 5 of 6 units currently occupied. Centrally located near downtown Des Moines, this property provides easy access to shopping, dining, and major employers, making it desirable for tenants. With stable rental income in place, the vacant unit presents an excellent value-add opportunity to increase returns through renovations or updates. Whether you're an experienced investor or looking to expand your holdings, this property combines steady income with future upside potential. Contact us today for financials, rent rolls, and a private tour!
Sold for $125,000 on 03/13/25
$125,000
1430 8th St, Des Moines, IA 50314
6beds
2,430sqft
Multi Family
Built in 1893
-- sqft lot
$123,700 Zestimate®
$51/sqft
$1,226 Estimated rent
Home value
$123,700
$118,000 - $131,000
$1,226/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 19, 2025 at 08:01am
Listed by:
Darson Grantham (641)745-0156,
Keller Williams Realty GDM
Bought with:
Crystal Arguello
Realty ONE Group Impact
Source: DMMLS,MLS#: 711519
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Microwave, Refrigerator, Stove
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,430
- Total interior livable area: 2,430 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,274 sqft
- Dimensions: 52 x 140
Details
- Parcel number: 08000543000000
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Asphalt,Shingle
Condition
- Year built: 1893
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & neighborhood
Location
- Region: Des Moines
HOA & financial
HOA
- Has HOA: No
- Services included: See Remarks
- Association name: PMI
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 3/13/2025 | Sold | $125,000$51/sqft |
Source:  DMMLS #711519 | ||
| 2/26/2025 | Pending sale | $125,000$51/sqft |
Source: DMMLS #711519 | ||
| 2/13/2025 | Listed for sale | $125,000+51.5%$51/sqft |
Source: DMMLS #711519 | ||
| 11/3/2020 | Sold | $82,500-2.9%$34/sqft |
Source: DMMLS #609628 | ||
| 9/23/2020 | Pending sale | $85,000$35/sqft |
Source: Twenty/20 Real Estate #609628 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,932 -7.2% | $149,000 |
| 2023 | $3,158 -14.5% | $149,000 +11.2% |
| 2022 | $3,692 +12.4% | $134,000 |
Find assessor info on the county website
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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