$1,250,000

2316 51st Street, Des Moines, IA 50310

  • 8 beds |
  • 4 baths |
  • 8,736 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1995
  • Property Lot Size Icon0.86acre lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $143/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

Eight units, four duplexes, four separate parcels — acquired in a single transaction, below appraised value. Renters love this location, which keeps your vacancy rate low. Minutes from downtown, Beaverdale, and Merle Hay, with quick access to I-80/35 and I-235 for easy reach to Urbandale, West Des Moines, and beyond. All eight units are 2BD/1.5BA with a one-car garage. Built in 1995 and meticulously maintained — newer roofing, updated AC, and these units have been cared for, not just managed. Each unit features a dry basement with egress windows, already set up for a third bedroom conversion. Add square footage, increase rents, build equity. The value-add is built right in. Listed below appraised value, appraised above $1,275,000. Seven of eight units are occupied and cash flowing — and the eighth is actively being marketed at $1,400/month. The numbers work. The location works. Now it's your move. Note: This includes four buildings: 2310/2312 51st St, 2316/2318 51st St, 5101/5103 Hickman Rd, and 5107/5109 Hickman Rd. ALL four parcels to be included together (see agent remarks).

Listing Status:
Active
Date Added:
March 25, 2026
Data Last Updated:
April 5, 2026 at 5:19PM
Listing Office:
Realty ONE Group Impact : (515) 446-7524
Listing Agent:
Nora Crosthwaite : (515) 783-9815
MLS ID:
736837
  • Appliances: DryerDishwasherMicrowaveRefrigeratorStoveWasher
  • Basement: Egress WindowsUnfinished
  • A/C: Central Air
  • Heating: Forced AirGasNatural Gas
  • Parking: DetachedGarage
  • Roofing: AsphaltShingle
  • General: Poured
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: N3B-2See Remarks for ALL included parcels.11721-403-000
  • Utilities: Electricity AvailableNatural Gas AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Nora Crosthwaite , Realty ONE Group Impact

Monthly Payment

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

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Location

Schools Nearby

H

Hills Elementary School

2401 56th St, Des Moines, IA, 50310

Grades KG-5

0.23 miles away

C

Cowles Montessori School

6401 College Ave, Windsor Heights, IA, 50324

Grades EE-8

0.98 miles away

H

Hoover High School

4800 Aurora Ave, Des Moines, IA, 50310

Grades 9-12

1.43 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.