Fantastic turnkey investment opportunity! Two duplexes built in 1992 on one parcel in prime NW Des Moines location. Each duplex offers 2 spacious units For a total of 4 units. Each unit is 2 bedrooms and 1.5 baths, a full kitchen, laundry, and unfinished basement with poured foundation. Patio and nice side/backyard. 4 garage spaces and plenty of additional parking with each unit. Fully rented with long term tenants. Rental certificates good until January 2027. Plenty of upside with increasing rents to market rate.
Sold for $540,000
$540,000
2738 51st St, Des Moines, IA 50310
8beds
--sqft
Duplex, Multi Family, Multi Family
Built in 1992
-- sqft lot
$547,300 Zestimate®
$--/sqft
$1,346 Estimated rent
Home value
$547,300
$504,000 - $597,000
$1,346/mo
Zestimate® history
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What's special
Zillow last checked: 9 hours ago
Listing updated: April 01, 2024 at 09:12am
Listed by:
Timothy Schutte (515)253-3948,
EXIT Realty & Associates,
Salkic-Schutte, Jasmina 319-883-6995,
EXIT Realty & Associates
Bought with:
Sarah Poznanski
Century 21 Signature
Source: DMMLS,MLS#: 687600
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- 1/2 bathrooms: 4
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator, See Remarks, Stove
Features
- Basement: Unfinished
Property
Parking
- Total spaces: 2
- Parking features: Attached, Detached, Garage, Two Car Garage
- Attached garage spaces: 2
Lot
- Size: 0.42 Acres
- Features: Rectangular Lot
Details
- Parcel number: 100/03972000000
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Vinyl Siding
- Foundation: Poured
- Roof: Asphalt,Shingle
Condition
- Year built: 1992
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available
Community & neighborhood
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/22/2024 | Sold | $540,000-8.5% |
Source:  DMMLS #687600 Report a problem | ||
| 2/23/2024 | Pending sale | $590,000 |
Source: DMMLS #687600 Report a problem | ||
| 2/8/2024 | Price change | $590,000-1.7% |
Source: DMMLS #687600 Report a problem | ||
| 1/11/2024 | Listed for sale | $600,000+62.2% |
Source: DMMLS #687600 Report a problem | ||
| 4/17/2020 | Sold | $370,000-7.5% |
Source: DMMLS #600095 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,156 -7.3% | $465,400 |
| 2023 | $9,879 +9.7% | $465,400 +20.9% |
| 2022 | $9,008 -1.8% | $385,100 |
Find assessor info on the county website
Neighborhood: Merle Hay
Nearby schools
GreatSchools rating
- 4/10Hillis Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Meredith Middle SchoolGrades: 6-8Distance: 1.1 mi
- 2/10Hoover High SchoolGrades: 9-12Distance: 1.2 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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