Investor’s dream in the heart of Highland Park! This fully occupied 7-unit multi-family property offers strong, consistent income and holds a current rental certificate, making it a perfect turnkey addition to your portfolio. Originally a single-family home, this property has been thoughtfully converted into a 7-plex with a mix of unit sizes, offering steady demand in a highly rentable location. 7 total units – fully leased with strong rental history. Current rental certificate in place – compliant and ready to go. Separately metered utilities. Prime Highland Park location – steps to public transportation, shopping, laundromat. Off-street parking and easy tenant access. Solid income-producing property, whether you're a seasoned investor or just getting started, this property offers stability, great location, and future upside.
For sale
$249,900
3419 1st St, Des Moines, IA 50313
5beds
3,306sqft
Est.:
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$76/sqft
$-- HOA
What's special
- 2 days
- on Zillow |
- 253 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: April 24, 2025 at 07:05am
Listed by:
Angela Ousley (515)988-6609,
Zealty Home Advisors,
Ryan Rivera 515-554-5870,
Zealty Home Advisors
Source: DMMLS,MLS#: 716291
Originating MLS: Des Moines Area Association of REALTORS

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Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Hot Water, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Stove
Features
- Basement: Unfinished
Interior area
- Total structure area: 3,306
- Total interior livable area: 3,306 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Two Car Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,844.56 Square Feet
- Dimensions: 75 x 131
Details
- Parcel number: 07002137000000
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt,Shingle
Condition
- Year built: 1890
Details
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
- HOA name: Renter's Warehouse
- HOA phone: 515-528-4429
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $76/sqft
- Tax assessed value: $274,000
- Annual tax amount: $5,586
- Date on market: 4/24/2025
- Listing terms: Cash,Conventional
- Road surface type: Concrete
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