About This Home

This 2-bedroom, 4-bathroom residential multi family at 1438 33rd Street in Des Moines, IA is listed for $190,000 ($97 per sqft). Built in 1910, the home offers 1,951 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1910
  • 0.16 acre lot
  • 2 stories

Property Details

2 stories
4 full
1910
Listing Description

Investor opportunity near Drake University! This 4-unit property offers two 1-bedroom apartments and two efficiency units, all currently vacant and ready for a new owner to lease, improve, and manage their way. The property is functional and rentable as-is, with opportunity to increase value through updates and stronger rent performance over time.

Tenants pay their own utilities with the owner responsible for water only. No garage. Convenient location near Drake, downtown Des Moines, shopping, dinning, transit, and major commuting routes. Weather you are looking to add doors to your portfolio or take on a value-add multifamily project, this property offers a compelling entry point at $190,000.

Monthly Cost Estimate

$1,016/mo

20% down · 6.5% · 30 years

Principal$137
Interest$823
Insurance$55

Estimates only. Actual payments may vary.

Location

1438 33rd Street

Des Moines, IA 50311

Property Details

Construction

WoodSiding

Heating

Electric (Heating)

Questions & Answers

This 2-bedroom, 4-bathroom residential multi family at 1438 33rd Street is listed at $190,000 ($97/sqft). The estimated monthly payment is $1,016 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.16 acre lot, 2 stories.

This property is listed by Sarah Kavalier.

SK

Sarah Kavalier

Agent at LPT Realty, LLC

Listed by LPT Realty, LLC · Broker phone: (515) 669-4010 · View on Broker Site

MLS# 748077· Source: Des Moines Area Association of REALTORS®, Inc.· 64 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.

1438 33rd Street, Des Moines, IA 50311

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