2931 Kingman Boulevard, Des Moines, IA 50311

• 6 beds |
• 5 baths |
• 3,367 sqft

Property Description

Rare investment opportunity grossing $4,140 per month in the highly desirable Kingman neighborhood of Des Moines. A 5 unit property with assigned off street parking for each unit. Additionally there is a detached car garage for further potential rental income. The units have been well updated, including 200 amp service metered to each unit, fresh paint, carpet, and the majority of the hardwood flooring being refinished. Current rental rates are: Unit 1 (occupied 8/01) $1200. Unit 2 (occupied) $815 Unit 3 (Occupied) $695. Unit 4 (occupied) $835. Unit 5 (occupied) $595. This is a perfect combination of a well maintained and highly marketable rental property that still has room for future revenue enhancing improvements.

Listing Status:

Active

Date Added:

May 7, 2026

Data Last Updated:

July 26, 2026 at 5:18AM

Listing Office:

Realty ONE Group Impact : (515) 446-7524

Listing Agent:

Meghan O'Brien : (515) 554-5312

MLS ID:

740269

Interior

• Appliances: Refrigerator
• Basement: Unfinished
• Heating: Forced AirGasNatural Gas

Exterior

• Style: Three Story
• Parking: DetachedGarageTwo Car Garage

Construction

• Roofing: AsphaltShingle
• General: See Remarks3Block

Location

• Road/Access: Concrete
• Originating MLS: DMAAR_DM
• School District: Des Moines Independent
• County: Polk

Lot

• Zoning: R1-60E 1/2 LOT 172 & ALL LOT 173 KINGMAN PLACE09003767000000

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: DMAAR_DM