Welcome to 1513 Des Moines Street, a prime multi-unit investment property in the heart of Des Moines. This 3-unit multiplex presents an excellent opportunity for investors seeking immediate rental income with built-in occupancy. Two of the three units are already filled, providing steady cash flow from day one. The property offers three distinct rental units, each with its own full bathroom. The first unit is a spacious 3-bedroom, 1-bathroom layout, ideal for a larger household. The second unit features 2 bedrooms and 1 bathroom, providing comfortable living space, while the third unit is a 1-bedroom, 1-bathroom unit, perfect for a single occupant or couple.
For sale
$230,000
1513 Des Moines St, Des Moines, IA 50316
6beds
2,806sqft
Est.:
Multi Family
Built in 1901
-- sqft lot
$-- Zestimate®
$82/sqft
$-- HOA
What's special
- 125 days
- on Zillow |
- 331 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 02:31pm
Listed by:
Darson Grantham (641)745-0156,
Keller Williams Realty GDM
Source: DMMLS,MLS#: 711532
Originating MLS: Des Moines Area Association of REALTORS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Microwave, Refrigerator, Stove
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,806
- Total interior livable area: 2,806 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,492.32 Square Feet
- Dimensions: 50 x 150
Details
- Parcel number: 04005195000000
- Zoning: RX1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Stone
Condition
- Year built: 1901
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
HOA
- Has HOA: No
- Services included: See Remarks
- HOA name: Pmi
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $182,000
- Annual tax amount: $3,081
- Date on market: 2/13/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Road surface type: Concrete
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