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Listed by Amber Lesnick Zealty Home Advisors
$ 279,900
Est. payment /mo
Pending
3419 First ST Des Moines, IA 50313
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID NOC6338712
Year Built 1890
Annual Tax Amount $5,579
Tax Year 2026
Lot Dimensions 75x131
Property Sub-Type Apartment
Property Description
Investor's dream in the heart of Highland Park! This 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. Several units have been refreshed within the last few months. Added bonus of New Roof, New Sewer Line and Backflow system in 2025. Solid income-producing property, whether you're a seasoned investor or just getting started, this property offers stability, great location, and future upside.
Location
State IA
County Polk
Zoning Residential-Multi-Family
Direction Euclid to 1st St, South to home.
Interior
Heating Hot Water
Exterior
Parking Features Detached Garage, Outside
Garage Spaces 2.0
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
View Y/N true
Accessibility None
Total Parking Spaces 7
Building
Sewer City Sewer/Connected
Water Public
Structure Type Vinyl Siding
Schools
School District 1737 - Des Moines Independent
Others
Energy Description Natural Gas
Acceptable Financing NOC6338712
Listing Terms NOC6338712
NEARBY SCHOOL & BUSINESS