Prime Investment Opportunity in the Heart of Downtown Des Moines! This exceptional property allows for both short-term and long-term rentals, offering unmatched flexibility. Enjoy easy access to the city's best restaurants and shopping just steps away. The property includes parking, a sauna, an exercise room, and an additional storage unit. Best of all, it comes fully furnished and ready to rent or move in immediately!
For sale
$159,900
400 Walnut St STE 1102, Des Moines, IA 50309
1beds
865sqft
Est.:
Townhouse, Condominium, Multi Family, Apartment
Built in 1930
-- sqft lot
$-- Zestimate®
$185/sqft
$450/mo HOA
What's special
Additional storage unitExercise roomFully furnished
- 8 days |
- 439 |
- 20 |
Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 12:03pm
Listed by:
David Rodriguez (515)619-8150,
RE/MAX Precision
Source: DMMLS,MLS#: 731584
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: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Heating
- Electric, Forced Air
Cooling
- See Remarks
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Stove
Interior area
- Total structure area: 865
- Total interior livable area: 865 sqft
Property
Details
- Parcel number: 02001715002046
- Zoning: R
Construction
Type & style
- Home type: Condo
- Property subtype: Townhouse, Condominium, Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Slab
- Roof: Rolled/Hot Mop
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Fitness, Sauna, Sidewalks
HOA
- Has HOA: Yes
- HOA fee: $450 monthly
- HOA name: Kirkwood Commons HOA
- Second HOA name: Kouri Management
- Second HOA phone: 515-421-9041
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $151,300
- Annual tax amount: $2,860
- Date on market: 12/12/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2025 | Listed for sale | $159,900+3.2%$185/sqft |
Source:  DMMLS #731584 Report a problem | ||
| 9/8/2025 | Listed for rent | $6,210+130%$7/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/8/2025 | Listing removed | $2,700$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/7/2025 | Price change | $2,700-56.5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/22/2025 | Listed for rent | $6,210$7/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,140 -12% | $151,300 |
| 2023 | $3,566 +0.8% | $151,300 |
| 2022 | $3,538 -10.9% | $151,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,341/mo
Principal & interest
$620
HOA Fees
$450
Other costs
$270
Climate risks
Neighborhood: Downtown Des Moines
Nearby schools
GreatSchools rating
- 4/10Walnut Street SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Callanan Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Roosevelt High SchoolGrades: 9-12Distance: 2.9 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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