2316 51st Street, Des Moines, IA 50310
Local realty services provided by:CENTURY 21 Signature Real Estate
2316 51st Street,Des Moines, IA 50310
$1,250,000
- 8 Beds
- 4 Baths
- 8,736 sq. ft.
- Multi-family
- Active
Listed by: nora crosthwaite, latrice brauckman
Office: realty one group impact
MLS#:736837
Source:IA_DMAAR
Price summary
- Price:$1,250,000
- Price per sq. ft.:$143.09
About this home
Eight units, four duplexes, four separate parcels — acquired in a single transaction, below appraised value. Renters love this location, which keeps your vacancy rate low. Minutes from downtown, Beaverdale, and Merle Hay, with quick access to I-80/35 and I-235 for easy reach to Urbandale, West Des Moines, and beyond.
All eight units are 2BD/1.5BA with a one-car garage. Built in 1995 and meticulously maintained — newer roofing, updated AC, and these units have been cared for, not just managed. Each unit features a dry basement with egress windows, already set up for a third bedroom conversion. Add square footage, increase rents, build equity. The value-add is built right in.
Listed below appraised value, appraised above $1,275,000. Seven of eight units are occupied and cash flowing — and the eighth is actively being marketed at $1,400/month.
The numbers work. The location works. Now it's your move.
Note: This includes four buildings: 2310/2312 51st St, 2316/2318 51st St, 5101/5103 Hickman Rd, and 5107/5109 Hickman Rd. ALL four parcels to be included together (see agent remarks)....
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Home facts
- Year built:1995
- Listing ID #:736837
- Added:9 day(s) ago
- Updated:April 03, 2026 at 03:04 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove
- Basement:Yes
- Basement Description:Egress Windows, Unfinished
- Living area:8,736 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1995
- Building area:8,736 sq. ft.
- Lot area:0.86 Acres
- Foundation Description:Poured
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$143.09
- Tax amount:$22,086
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Detached, Garage
- Garage:Yes
- Garage spaces:4
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