$500,000

1245 34th Street, Des Moines, IA 50311

  • 8 beds |
  • 2 baths |
  • 4,131 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1916
  • Property Lot Size Icon0.58acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $121/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

The historic Phi Delta Theta House on 34th Street in the heart of the Drake Neighborhood. This is a rare opportunity to own a recognizable piece of Des Moines history with outstanding investment potential. Offering over 5,000 finished square feet across three stories plus a basement, the property is currently configured with large, dorm-style bedrooms designed to accommodate multiple beds per room, similar to a group home or fraternity layout.Significant updates have been completed in recent years including mechanical improvements, interior finish upgrades, exterior work, and flatwork. The property is zoned NX2, allowing for multifamily, group living, and even certain single-household uses. This flexible zoning opens the door for a wide range of possibilities: continue the current setup, reconfigure for modern apartments, add additional structures, or pursue an entirely new concept. Bring your vision. Bring your imagination. Opportunities like this do not come to market often.

Listing Status:
Pending
Date Added:
November 12, 2025 at 06:00AM
Listing Office:
Realty ONE Group Impact : (515) 446-7524
Listing Agent:
Eric Quiner : (515) 710-5468
MLS ID:
730340
  • Appliances: DryerDishwasherMicrowaveRefrigeratorStoveWasher
  • Basement: Finished
  • A/C: Central Air
  • Heating: Heat PumpNatural Gas
  • Fireplace: FireplaceFireplaces: 1
  • Style: Three Story
  • Roofing: AsphaltShingle
  • General: Brick3Brick/Mortar
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: NX2LOT 15 PERIGO PLACE10010357000000
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Eric Quiner, Realty ONE Group Impact

Monthly Payment

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

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Location

Schools Nearby

P

Perkins Elementary School

4301 College Ave, Des Moines, IA, 50311

Grades KG-5

0.84 miles away

C

Callanan Middle School

3010 Center St, Des Moines, IA, 50312

Grades 6-8

0.80 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.88 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.