About This Home

This 6-bedroom, 5-bathroom residential multi family at 2931 Kingman Boulevard in Des Moines, IA is listed for $360,000 ($107 per sqft). Built in 1909, the home offers 3,367 sqft of living space on a 0.26 acres lot.

Key Features

  • Built in 1909
  • 0.26 acre lot
  • 3 stories

Property Details

3 stories
5 full
2-car garage
1909
Listing Description

Rare investment opportunity grossing $4,140 per month in the highly desirable Kingman neighborhood of Des Moines. A 5 unit property with assigned off street parking for each unit. Additionally there is a detached car garage for further potential rental income.

The units have been well updated, including 200 amp service metered to each unit, fresh paint, carpet, and the majority of the hardwood flooring being refinished. Current rental rates are: Unit 1 (occupied 8/01) $1200. Unit 2 (occupied) $815 Unit 3 (Occupied) $695. Unit 4 (occupied) $835. Unit 5 (occupied) $595. This is a perfect combination of a well maintained and highly marketable rental property that still has room for future revenue enhancing improvements.

Monthly Cost Estimate

$1,925/mo

20% down · 6.5% · 30 years

Principal$260
Interest$1,560
Insurance$105

Estimates only. Actual payments may vary.

Location

2931 Kingman Boulevard

Des Moines, IA 50311

Property Details

Parking

Garage

Heating

Forced AirNatural Gas

Appliances

Refrigerator

Questions & Answers

This 6-bedroom, 5-bathroom residential multi family at 2931 Kingman Boulevard is listed at $360,000 ($107/sqft). The estimated monthly payment is $1,925 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1909, 0.26 acre lot, 3 stories.

This property is listed by Meghan O'Brien.

MO

Meghan O'Brien

Agent at Realty ONE Group Impact

Listed by Realty ONE Group Impact · Broker phone: (515) 446-7524 · View on Broker Site · Broker website

MLS# 740269· Source: Des Moines Area Association of REALTORS®, Inc.· 175 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.

2931 Kingman Boulevard, Des Moines, IA 50311

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