$135,000

1118 23rd Street, Des Moines, IA 50311

  • 4 beds |
  • 2 baths |
  • 1,874 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1908
  • Property Lot Size Icon6,403sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $72/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Looking for a smart investment in a neighborhood that keeps getting better? This two-story home has been converted into a duplex in the heart of the growing Drake University area—offering flexibility whether you’re an owner-occupant or a long-term investor. Live in one unit and let the other help offset your mortgage, or keep both units rented and enjoy steady cash flow from day one. Both units feature 2 bedrooms and 1 bathroom and currently rent for $730 each. Tenants pay their own electric bill, while water and gas is paid by the landlord. The rental certificate will be provided upon request. Opportunities like this don’t hang around long—especially at this price point. Schedule your showing before someone else does.

Listing Status:
Active
Date Added:
January 15, 2026
Data Last Updated:
March 12, 2026 at 7:19AM
Listing Office:
Keller Williams Realty GDM : (515) 334-4900
Listing Agent:
Darson Grantham : (641) 745-0156
MLS ID:
732729
  • General: See Remarks
  • Appliances: RefrigeratorStove
  • Basement: Unfinished
  • A/C: Window Unit(s)
  • Heating: ElectricForced Air
  • Style: Two Story
  • Roofing: AsphaltShingle
  • General: Asbestos2Brick/Mortar
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: N5LOT 47 DRAKE UNIVERSITY 3RD ADD03001489000000
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Darson Grantham , Keller Williams Realty GDM

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

King Elementary School

1849 Forest Ave, Des Moines, IA, 50314

Grades KG-5

0.55 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.70 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.