$199,000

1527 Forest Avenue, Des Moines, IA 50314

  • 4 beds |
  • 2 baths |
  • 3,729 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon4,269sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $53/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.

Listing Status:
Active
Date Added:
May 4, 2026
Data Last Updated:
July 26, 2026 at 7:19AM
Listing Office:
515 Rentals & Sales LLC : (515) 240-6535
Listing Agent:
Adam Metzker : (515) 204-6535
MLS ID:
737839
  • Road/Access: Asphalt
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: N5S 85 F LOT 13 BLK 3 LAYMANS 2ND ADD08003839000000
  • Utilities: Electricity AvailableNatural Gas AvailableWater Available
  • Source: DMAAR_DM

This listing courtesy of Adam Metzker , 515 Rentals & Sales LLC

Monthly Payment

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

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location