$2,150,000

702 20th Street, Des Moines, IA 50314

  • 21 beds |
  • 19 baths |
  • 12,392 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1989
  • Property Lot Size Icon8,015sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $173/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Investment Opportunity in Historic Sherman Hill offering total of 17 units. Rare chance to own a fully remodeled multi-unit property in one of the city’s most desirable neighborhoods. The three-story apartment building was historically remodeled in 2022 w new framing, plumbing, electric, and all interior finished. This building offers 15 units: 9 one-bedroom, 3 two-bedroom, and 3 studio apartments—each with a full bathroom and modern kitchen equipped with stove, refrigerator, microwave, and dishwasher. Residents also enjoy convenient on-site coin-operated laundry. The duplex was fully remodeled in 2019 and has 2 - 3 bedrooms, 2 bathrooms, and an in-unit washer and dryer. Located in the heart of Sherman Hill, this property is close to shops, restaurants, and provides quick access to the interstate. A turnkey investment with strong rental potential in a prime location!

Listing Status:
Active
Date Added:
October 1, 2025 at 05:00AM
Listing Office:
EXIT Realty & Associates : (515) 253-3948
Listing Agent:
Timothy Schutte : (515) 681-5677
MLS ID:
727368
  • Appliances: DishwasherMicrowaveRefrigeratorStove
  • Basement: Unfinished
  • Flooring: HardwoodTile
  • A/C: Geothermal
  • Heating: BaseboardElectricHeat Pump
  • Style: Duplex
  • Roofing: Rolled/Hot Mop
  • General: BrickSee RemarksBlock
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: ResLOT 30 & S 4 F LOT 29 T E BROWNS 3RD ADD030/00494-000-000
  • Utilities: Electricity AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Timothy Schutte, EXIT Realty & Associates

Monthly Payment

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

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Location

Schools Nearby

E

Edmunds Elementary School

950 15th St, Des Moines, IA, 50314

Grades KG-5

0.42 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.63 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.63 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.