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About This Home
This 8-bedroom, 4-bathroom residential multi family at 2316 51st Street in Des Moines, IA is listed for $1,250,000 ($143 per sqft). Built in 1995, the home offers 8,736 sqft of living space on a 0.86 acres lot.
Eight units, four duplexes, four separate parcels - acquired in a single transaction, below appraised value. Renters love this location, which keeps your vacancy rate low. Minutes from downtown, Beaverdale, and Merle Hay, with quick access to I-80/35 and I-235 for easy reach to Urbandale, West Des Moines, and beyond.
All eight units are 2BD/1.5BA with a one-car garage. Built in 1995 and meticulously maintained - newer roofing, updated AC, and these units have been cared for, not just managed. Each unit features a dry basement with egress windows, already set up for a third bedroom conversion.
Add square footage, increase rents, build equity. The value-add is built right in. Listed below appraised value, appraised above $1,275,000. Seven of eight units are occupied and cash flowing - and the eighth is actively being marketed at $1,400/month. The numbers work. The location works. Now it's your move. Note: This includes four buildings: 2310/2312 51st St, 2316/2318 51st St, 5101/5103 Hickman Rd, and 5107/5109 Hickman Rd. ALL four parcels to be included together (see agent remarks).
Key Features
- Built in 1995
- 0.86 acre lot
Property Details
Amenities
Monthly Cost Estimate
$6,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2316 51st Street
Des Moines, IA 50310
Property Details
Parking
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 2316 51st Street is listed at $1,250,000 ($143/sqft). The estimated monthly payment is $5,417 based on 20% down at 6.5% interest.
Key features include: Built in 1995, 0.86 acre lot.
This property is listed by Nora Crosthwaite and can be reached at 5157839815 or nora@homesweetdesmoines.com.