$279,900

3419 1st Street, Des Moines, IA 50313

  • 5 beds |
  • 7 baths |
  • 3,306 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon9,845sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $85/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time investor looking to build a portfolio or a seasoned investor seeking an affordable value-add asset, this property offers stable income today with additional rental growth potential tomorrow. Current rental certificate in place. Financial information available upon request.

Listing Status:
Pending
Date Added:
February 25, 2026
Data Last Updated:
July 26, 2026 at 12:17PM
Listing Office:
Zealty Home Advisors : (515) 329-4667
Listing Agent:
Ryan Rivera : (515) 554-5870
MLS ID:
735080
  • Appliances: RefrigeratorStove
  • Basement: Unfinished
  • A/C: Window Unit(s)
  • Heating: Hot WaterNatural Gas
  • Style: Two Story
  • Parking: DetachedGarageTwo Car Garage
  • Roofing: AsphaltShingle
  • General: Vinyl Siding2
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: N5LOT 15 & S 1/2 LOT 16 BLK 28 HIGHLAND PARK07002137000000
  • Utilities: Electricity AvailableNatural Gas AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Ryan Rivera , Zealty Home Advisors

Monthly Payment

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

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