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Amber Lesnick

amber@zealtynow.com +1(515) 229-3402

$ 279,900

Est. payment -/mo

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Price Dropped by $10K

3419 1st Street Des Moines, IA 50313

5 Beds

7 Baths

3,306 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,306 sqft

Price per Sqft $84

MLS Listing ID 735080

Style Two Story

Bedrooms 5

Full Baths 7

HOA Y/N No

Year Built 1890

Annual Tax Amount $5,579

Tax Year 2026

Lot Size 9,844 Sqft

Acres 0.226

Property Description

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 rental certificate in place. Financial information available upon request.

Location

State IA

County Polk

Area Des Moines N.East

Zoning N5

Rooms

Basement Unfinished

Interior

Heating Hot Water, Natural Gas

Cooling Window Unit(s)

Furnishings Unfurnished

Fireplace No

Appliance Refrigerator, Stove

Exterior

Parking Features Detached, Garage, Two Car Garage

Garage Spaces 2.0

Garage Description 2.0

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Asphalt,Shingle

Private Pool No

Building

Lot Description Rectangular Lot

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Des Moines Independent

Others

Tax ID 07002137000000

Monthly Total Fees $464

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Zealty Home Advisors

NEARBY SCHOOL & BUSINESS

Amber Lesnick

Managing Broker/Owner

+1(515) 229-3402

Amber Lesnick

3419 1st Street Des Moines, IA 50313

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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3419 1st Street