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About This Home

This 2-bedroom, 1-bathroom single family at 2573 Onawa Street in Des Moines, IA is listed for $125,000 ($163 per sqft). Built in 1918, the home offers 768 sqft of living space on a 0.27 acres lot.

Agent Description

Attention Investors, this is a tenant occupied listing, with a current lease agreement that expires in May 2027. Seasoned or first time real estate investors! SELLER FINANCING OR CONTRACT TERMS may be available, making this an attractive option for buyers seeking flexible purchase terms, easier qualification, or creative financing solutions.

This opens the door for first-time homebuyers, house hackers, and investors looking to acquire property with potentially lower upfront capital requirements. Excellent opportunity to own a 2-bedroom, 1 partial-bath home offering 768 square feet of efficient living space on a generous .2690-acre lot, located just a couple blocks south of the new MLK Jr.

Parkway with an easy 9-minute commute to downtown Des Moines per Google Maps. An open front porch adds charm and curb appeal, while off-street parking provides everyday convenience. Currently tenant-occupied at $1,050 per month, this property offers immediate cash flow potential for investors, along with long-term upside driven by continued development and infrastructure improvements along the MLK Jr.

Parkway corridor. The large lot size creates flexibility for outdoor use, future expansion, or additional value-add strategies. Whether you're searching for an affordable primary residence, a buy-and-hold rental, or a property to add to a growing portfolio, this home combines location, income potential, lot size, and financing flexibility in one opportunity.

Key Features

  • Built in 1918
  • 0.27 acre lot

Property Details

1918

Amenities

A/C

Monthly Cost Estimate

$669/mo

20% down · 6.5% · 30 years

Principal$90
Interest$542
Insurance$36

Estimates only. Actual payments may vary.

Location

2573 Onawa Street

Des Moines, IA 50317

Property Details

Construction

MetalSiding

Parking

Garage

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 2573 Onawa Street is listed at $125,000 ($163/sqft). The estimated monthly payment is $542 based on 20% down at 6.5% interest.

Key features include: Built in 1918, 0.27 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# 733322· 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.

2573 Onawa Street, Des Moines, IA 50317

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