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About This Home

This 2-bedroom, 1-bathroom single family at 2544 Vale Street in Des Moines, IA is listed for $124,000 ($180 per sqft). Built in 1955, the home offers 688 sqft of living space on a 0.14 acres lot.

Agent Description

SELLER FINANCING OR CONTRACT SALE may be available, creating a rare opportunity for buyers seeking flexible terms, lower upfront capital requirements, or an easier path to ownership. Whether you're a first-time home buyer looking for an affordable entry point or an investor targeting a buy-and-hold rental with solid cash flow and appreciation potential, this property checks the boxes for location, simplicity, and financial performance.

Well-located 2-bedroom, 1-bath ranch offering 688 square feet of efficient single-level living on a .143-acre lot, just south of the new MLK Jr. Parkway with an easy 9-minute commute to downtown Des Moines per Google Maps. This no-basement home (crawl space or slab) provides a simple, low-maintenance footprint ideal for both owner-occupants and investors.

Currently tenant-occupied at $1,024 per month, the property delivers immediate rental income with strong rent-to-price fundamentals and long-term upside tied to continued development along the MLK Jr. Parkway corridor. The ranch layout supports broad tenant and buyer appeal, while the lot size offers outdoor space without excessive upkeep.

Key Features

  • Built in 1955
  • 0.14 acre lot

Property Details

1 full
1955

Amenities

A/C

Monthly Cost Estimate

$663/mo

20% down · 6.5% · 30 years

Principal$90
Interest$537
Insurance$36

Estimates only. Actual payments may vary.

Location

2544 Vale Street

Des Moines, IA 50317

Property Details

Construction

VinylSiding

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 2544 Vale Street is listed at $124,000 ($180/sqft). The estimated monthly payment is $537 based on 20% down at 6.5% interest.

Key features include: Built in 1955, 0.14 acre lot.

This property is listed by Peter Jaques and can be reached at (515) 777-0665 or peter@wr515.com.

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PJ

Peter Jaques

Agent at Weichert, Realtors - The 515 Agency

(515) 777-0665

Listed by Weichert, Realtors - The 515 Agency

MLS# 733326· Source: listhub· Updated 77 days ago

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.

2544 Vale Street, Des Moines, IA 50317

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