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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.
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
Amenities
Monthly Cost Estimate
$663/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2544 Vale Street
Des Moines, IA 50317
Property Details
Construction
Heating
Cooling
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.























