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About This Home
This 4-bedroom, 4-bathroom residential multi family at 1358 22nd Street in Des Moines, IA is listed for $120,000 ($60 per sqft). Built in 1897, the home offers 2,009 sqft of living space on a 0.21 acres lot.
Located just minutes from Drake University, this 4-unit multifamily property presents a prime opportunity for investors looking to add value and build long-term cash flow. With 2,009 square feet of total living space, this property offers four separate apartment units, making it ideal for student housing, long-term rentals, or a mix of both.
The strong rental demand in the Drake area provides consistent income potential and the ability to improve rents over time. The home does need some TLC, but that's where the opportunity lies. With the right updates and improvements, this property could significantly increase in value while generating steady monthly income.
Whether you're an experienced investor looking for your next project or someone ready to step into multifamily ownership, this property offers solid upside potential. Situated near campus, shopping, dining, and public transportation, the location alone makes this a smart addition to any portfolio. Don't miss your chance to invest in one of Des Moines' most reliable rental markets.
Key Features
- Built in 1897
- 0.21 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$642/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1358 22nd Street
Des Moines, IA 50311
Property Details
Parking
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 1358 22nd Street is listed at $120,000 ($60/sqft). The estimated monthly payment is $520 based on 20% down at 6.5% interest.
Key features include: Built in 1897, 0.21 acre lot, 2 stories.
This property is listed by Brad Kline and can be reached at 5155543484 or BradK@nextgenerationrealty.com.