$200,000

401 Franklin Avenue, Des Moines, IA 50314

  • 5 beds |
  • 3 baths |
  • 2,381 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1901
  • Property Lot Size Icon8,364sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $84/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept. Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.

Listing Status:
Active
Date Added:
May 7, 2026
Data Last Updated:
July 26, 2026 at 7:19AM
Listing Office:
Realty ONE Group Impact : (515) 446-7524
Listing Agent:
Meghan O'Brien : (515) 554-5312
MLS ID:
740254
  • Appliances: CooktopRefrigerator
  • Basement: Unfinished
  • A/C: Central Air
  • Heating: Forced AirGasNatural Gas
  • Style: Duplex
  • Roofing: AsphaltShingle
  • General: Vinyl SidingBrick/Mortar
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: RES-EX N 6F- E 2F W 1/2 LOT 11 RIVERVIEW PARK; AND ALL LOTS 11 & 12 W OF A LINE DRAWN FROM A PT 4 FT E OF NW COR LOT (complete is on assessor)08000150001000
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Meghan O'Brien , Realty ONE Group Impact

Monthly Payment

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

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Location

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