About This Home

This 6-bedroom, 4-bathroom residential multi family at 1240 32nd Street in Des Moines, IA is listed for $349,900 ($140 per sqft). Built in 1915, the home offers 2,492 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1915
  • 0.29 acre lot
  • 2 stories

Property Details

2 stories
4 full
1915

Amenities

A/C
Listing Description

Income-producing fourplex located next to Drake University! 1240 32nd Street features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, offering a versatile mix of rental options. Updated sewer and water lines provide added value and peace of mind. With an opportunity for immediate cash flow and a convenient location near campus, this property is a great opportunity to expand your rental portfolio or get started in investment real estate. All information obtained from seller and public record.

Monthly Cost Estimate

$1,871/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,516
Insurance$102

Estimates only. Actual payments may vary.

Location

1240 32nd Street

Des Moines, IA 50311

Property Details

Construction

Brick

Heating

Natural GasForced Air

Cooling

Window Unit(s)Central Air

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 1240 32nd Street is listed at $349,900 ($140/sqft). The estimated monthly payment is $1,871 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1915, 0.29 acre lot, 2 stories.

This property is listed by Jonathan Musser.

JM

Jonathan Musser

Agent at RE/MAX Precision

Listed by RE/MAX Precision · Broker phone: (515) 223-9492 · View on Broker Site · Broker website

MLS# 750675· Source: Des Moines Area Association of REALTORS®, Inc.· 26 days on PropertySimple

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1240 32nd Street, Des Moines, IA 50311

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