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    1240 32Nd St Des Moines, IA 50311

    For Sale
    $339,900

    MULTI_FAMILY - Other - Des Moines, IA

    Property size:
    2,492 SF
    Lot size:
    0.29 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 1240 32Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 1
    Bedrooms
    6
    Bathrooms
    4
    APN
    10010342001000
    Size
    2,492 SF
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1915
    Floors in Building
    2
    Number of units
    4
    Building materials
    Brick
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    RE/MAX Precision (515) 223-9492 [email protected]

    Listing agent Jonathan Musser (515) 953-8466

    Listing date Nov 3, 2025

    MLS# 729666 Listing URL

    Copyright © 2025 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.

    Overview

    Des Moines Fourplex Near Drake

    This fourplex is located near Drake University. The property includes two units with two bedrooms and one bathroom each, and two units with one bedroom and one bathroom each. Tenants are responsible for gas and electric utilities, while the landlord covers water expenses. Each unit is equipped with its own furnace. One unit features central air conditioning, while the remaining three units have window air conditioning. Upgrades to the property include a new water line and sewer line. Some units have been updated with new LVP flooring, fresh paint, and new toilets. The property is zoned R-3 and the lot size is 0.294 acres. The building size is 2492 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.66124
    Latitude
    41.601857

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    FAQs

    What type of property is this?
    Quadplex - Fourplex near Drake University with updated units.
    Where is this quadplex located?
    The property is located at 1240 32Nd St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: - Located next to Drake University; - Four-plex property with a mix of 2 bed/1 bath and 1 bed/1 bath units; - New water and sewer lines
    (515) 953-8466
    Request Owner's contact information
    1240 32Nd St Des Moines, IA 50311
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    Des Moines, IA 50311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1240 32Nd St Des Moines, IA 50311
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