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About This Home
This 5-bedroom, 7-bathroom residential multi family at 3419 1st Street in Des Moines, IA is listed for $300,000 ($91 per sqft). Built in 1890, the home offers 3,306 sqft of living space on a 0.23 acres lot.
Investor's dream in the heart of Highland Park! This 7-unit multi-family property offers strong, consistent income and holds a current rental certificate, making it a perfect turnkey addition to your portfolio. Originally a single-family home, this property has been thoughtfully converted into a 7-plex with a mix of unit sizes, offering steady demand in a highly rentable location.
7 total units - fully leased with strong rental history. Current rental certificate in place - compliant and ready to go. Separately metered utilities. Prime Highland Park location - steps to public transportation, shopping, laundromat. Off-street parking and easy tenant access.
Several units have been refreshed within the last few months. Added bonus of New Roof, New Sewer Line and Backflow system in 2025. Solid income-producing property, whether you're a seasoned investor or just getting started, this property offers stability, great location, and future upside.
Key Features
- Built in 1890
- 0.23 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,604/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3419 1st Street
Des Moines, IA 50313
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 5-bedroom, 7-bathroom residential multi family at 3419 1st Street is listed at $300,000 ($91/sqft). The estimated monthly payment is $1,300 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 0.23 acre lot, 2 stories.
This property is listed by Ryan Rivera and can be reached at 5155545870 or Ryan@ZealtyNow.com.
