507 E Locust Street 210, Des Moines, IA 50309

• 2 beds |
• 1 bath |
• 1,184 sqft

Property Description

Experience the best of downtown living at Capitol Village Lofts, perfectly positioned in the heart of the Historic East Village—an Airbnb-friendly building allowing short-term rentals, offering exceptional income-producing potential and flexibility for investors or owner-occupants. This boutique mixed-use building features just 20 exclusive residential lofts above a vibrant mix of retail and commercial spaces, blending classic warehouse character with modern urban energy in one of Des Moines’ most desirable rental locations. This stunning 2-bedroom corner loft showcases dramatic exposed brick, soaring 14-foot ceilings, wraparound floor-to-ceiling windows, and hardwood floors that flood the space with natural light—features highly attractive to short-term and long-term renters alike. The open-concept layout includes a newly updated bathroom and new kitchen appliance package, seamlessly combining contemporary comfort with timeless architectural detail. Step outside to over 250 square feet of a covered outdoor terrace, a premium amenity for guests and residents. The building is pet friendly and located just steps from Des Moines’ top restaurants, bars, coffee shops, and downtown attractions, creating strong rental demand and a truly walkable, lock-and-leave lifestyle. A reserved, deeded parking space valued at $25,000 adds additional value and appeal, making this a rare opportunity for effortless, upscale city living and strong investment potential. HWA warranty included!

Listing Status:

Pending

Date Added:

January 23, 2026

Data Last Updated:

March 12, 2026 at 7:19AM

Listing Office:

BH&G Real Estate Innovations : (515) 962-5555

Listing Agent:

Misty Darling : (515) 414-0059

MLS ID:

733276

Interior

• General: Dining AreaCable TVWindow Treatments
• Appliances: DryerDishwasherMicrowaveRefrigeratorStoveWasher
• Laundry: Main Level
• Basement: Unfinished
• Flooring: HardwoodTile
• A/C: Central Air
• Heating: ElectricForced AirNatural Gas
• Disability Feature: Accessible Approach with Ramp

Exterior

• General: DeckFire Pit
• Style: Ranch
• Other Structures: DeckCovered
• Parking: DetachedGarageOne Car Garage

Construction

• Roofing: Rubber
• General: Brick1Brick/MortarSlab

Location

• Road/Access: Asphalt
• HOA Amenities: InsuranceMaintenance GroundsMaintenance StructureSnow RemovalSecurityTaxesTrash428.0Monthly
• Originating MLS: DMAAR_DM
• School District: Des Moines Independent
• County: Polk

Lot

• Zoning: DX2UNIT 210 CAPITOL VILLAGE LOFTS/parking space 21004000614014000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: DMAAR_DM