About This Home

This 8-bedroom, 4-bathroom residential multi family at 707 & 715 E Mckinley Avenue in Des Moines, IA is listed for $590,000 ($169 per sqft). Built in 1984, the home offers 3,499 sqft of living space on a 0.67 acres lot.

Key Features

  • Built in 1984
  • 0.67 acre lot
  • 2 stories

Property Details

2 stories
4 full
2-car garage
1984

Amenities

A/C
Listing Description

If you're looking for a duplex portfolio, this is your chance! 707 & 715 E. McKinley Ave. are located side by side, making management and maintenance much more efficient for an investor. Per the seller, all four units offer 3 bedrooms with additional finished basement sq footage.

The combined gross monthly income for both duplexes is $4,893. Tenants are responsible for all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal, helping keep operating expenses low. The owner is responsible for snow removal of the parking areas due to the shared driveways.

715 New furnace & Ac (2023) & 717 water heater replaced (2024). Conveniently located near shopping, dining, and everyday amenities, these properties offer strong rental appeal. Additional features include spacious backyards, walkout basements, and functional floor plans.

This investment presents excellent upside potential for investors looking to enhance value and maximize returns. Also available from the same owner are 801, 807 and 815 E. McKinley Ave., creating the opportunity to acquire a larger multifamily portfolio. All information obtained from seller and public records.

Monthly Cost Estimate

$3,155/mo

20% down · 6.5% · 30 years

Principal$427
Interest$2,557
Insurance$172

Estimates only. Actual payments may vary.

Location

707 & 715 E Mckinley Avenue

Des Moines, IA 50315

Property Details

Flooring

Carpet

Parking

Garage

Heating

Natural GasForced Air

Cooling

Central Air

Appliances

DishwasherRefrigeratorStove

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 707 & 715 E Mckinley Avenue is listed at $590,000 ($169/sqft). The estimated monthly payment is $3,155 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1984, 0.67 acre lot, 2 stories.

This property is listed by Dustin Kupka.

DK

Dustin Kupka

Agent at RE/MAX Precision

Listed by RE/MAX Precision · Broker phone: (515) 223-9492 · View on Broker Site · Broker website

MLS# 742767· Source: Des Moines Area Association of REALTORS®, Inc.· 141 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.

707 & 715 E Mckinley Avenue, Des Moines, IA 50315

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