$199,000

1987 & 1989 SW 1st Street, Des Moines, IA 50315

  • 3 beds |
  • 2 baths |
  • 1,436 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon8,581sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $139/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Two homes on one lot—ideal investment or house hack opportunity! Property includes 1987 & 1989 SW 1st St. 1987 is a 1.5 story featuring 2 bedrooms, 1 bath, and is currently vacant—move-in or rent-ready for immediate occupancy (currently being advertised for rent at $1,100). 1989 offers 1 bedroom, 1 bath and is currently tenant occupied, providing instant rental income (current rent is $850). Separate living spaces allow flexibility for owner-occupants or investors looking to maximize cash flow. Convenient location with easy access to downtown, major roads, and amenities. Great opportunity to live in one unit while the other helps offset your mortgage or add to your portfolio with a turnkey income-producing property.

Listing Status:
Active
Date Added:
April 29, 2026
Data Last Updated:
July 26, 2026 at 7:19AM
Listing Office:
Keller Williams Realty GDM : (515) 334-4900
Listing Agent:
Darson Grantham : (641) 745-0156
MLS ID:
738867
  • Basement: Unfinished
  • Heating: Forced AirGasNatural Gas
  • Style: BungalowOne and One Half Story
  • Roofing: AsphaltShingle
  • General: One and One Half
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: N5N 52F OF THE S 105.6F LOT 8 OP SE 1/4 SEC 9-78-2402002923000000
  • 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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