$850,000

811 16th Street, Des Moines, IA 50314

  • 13 beds |
  • 9 baths |
  • 5,689 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon6,403sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $149/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

The KataLYST Team by KW Commercial is proud to exclusively present 811 16th St. in Des Moines, IA; a well-maintained, historic property in the highly sought-after Sherman Hill neighborhood. Featuring timeless charm with real hardwood floors, original built-ins, and solid craftsmanship, this asset offers both aesthetic appeal and strong fundamentals. Currently operating at a true 5.01% cap rate, the property presents a compelling value-add opportunity with projected rental upside of 10.2% as market rents continue to strengthen. Ideal for investors looking for a stable return with long-term growth potential.

Listing Status:
Active
Date Added:
December 2, 2025
Data Last Updated:
March 12, 2026 at 4:20PM
Listing Office:
Keller Williams Realty GDM : (515) 334-4900
Listing Agent:
Jared Husmann : (515) 350-4846
MLS ID:
731192
  • Appliances: CooktopDryerDishwasherRefrigeratorWasher
  • Basement: Partially Finished
  • A/C: Window Unit(s)
  • Heating: Natural GasRadiant
  • Roofing: Rubber
  • General: Brick/Mortar
  • Road/Access: Concrete
  • HOA Amenities: InsuranceMaintenance GroundsSnow RemovalTaxesTrashUtilities
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: NX2AEX S 101.6F- LTS 4 & 5 BLK 2 DAVIES 2ND ADDITION030/01050-001-000
  • Utilities: Electricity AvailableNatural Gas AvailableWater Available
  • Water: Public
  • Source: DMAAR_DM

This listing courtesy of Jared Husmann , Keller Williams Realty GDM

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

0.18 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.91 miles away

R

Ruby Van Meter

710 28th St, Des Moines, IA, 50312

Grades KG-12

0.91 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.