About This Home

This 4-bedroom, 2-bathroom residential multi family at 1355 24th Street in Des Moines, IA is listed for $250,000 ($121 per sqft). Built in 1897, the home offers 2,064 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1897
  • 0.18 acre lot
  • 2 stories

Property Details

2 stories
2 full
1-car garage
1897

Amenities

A/C
Listing Description

Investor opportunity within walking distance of Drake University. This turn-key duplex features two occupied units on month-to-month leases, offering immediate cash flow with room for growth. Both the upper and lower units include 2 bedrooms, 1 bathroom, and independent layouts.

All appliances stay with the property, including a dedicated washer and dryer setup for each unit. The lower unit features a newer refrigerator, while the upper unit has been updated within the last two years with newer appliances and durable LVP flooring.

Each tenant responsible for their own electric. The detached garage electricity is tied to the upper unit meter. Gas and water are landlord expenses. A great addition to a portfolio or a perfect house-hack opportunity close to campus. This property also features a possible assumable VA loan for qualified buyers. Call your agent to schedule a tour.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

1355 24th Street

Des Moines, IA 50311

Property Details

Construction

VinylSiding

Parking

Garage

Heating

Natural GasForced Air

Cooling

Central Air

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 1355 24th Street is listed at $250,000 ($121/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1897, 0.18 acre lot, 2 stories.

This property is listed by Heather Wright.

HW

Heather Wright

Agent at RE/MAX Concepts

Listed by RE/MAX Concepts · Broker phone: (515) 276-2872 · View on Broker Site · Broker website

MLS# 744385· Source: Des Moines Area Association of REALTORS®, Inc.· 120 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.

1355 24th Street, Des Moines, IA 50311

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