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3419 1st Street, Des Moines, IA 50313

Des Moines
Local realty services provided by:CENTURY 21 Signature Real Estate
3419 1st Street,Des Moines, IA 50313
$260,000
  • 5 Beds
  • 7 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: ryan rivera, angela ousley
Office: zealty home advisors
MLS#:735080
Source:IA_DMAAR

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Price summary

  • Price:$260,000

About this home

Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time investor looking to build a portfolio or a seasoned investor seeking an affordable value-add asset, this property offers stable income today with additional rental growth potential tomorrow. Current...

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Home facts

  • Year built:1890
  • Listing ID #:735080
  • Added:192 day(s) ago
  • Updated:September 06, 2026 at 06:40 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:7
  • Full bathrooms:7
  • Kitchen Description:Refrigerator, Stove
  • Basement:Yes
  • Basement Description:Unfinished

Heating and cooling

  • Cooling:Window Units
  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1890
  • Lot Features:Rectangular Lot
  • Architectural Style:Two Story
  • Construction Materials:Vinyl Siding
  • Levels:2 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$260,000
  • Tax amount:$5,579 (2026)

Features and amenities

  • Appliances:Refrigerator, Stove

Parking

  • Parking description:Detached, Garage, Two Car Garage
  • Garage:Yes
  • Garage spaces:2

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