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    1242 Mckinley Ave Des Moines, IA 50315

    Sponsored
    For Sale
    $299,000

    MULTI_FAMILY - Other - Des Moines, IA

    Property size:
    1,513 SF
    Lot size:
    0.20 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 6 at 4:06 pm

    Property Features for 1242 Mckinley Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    N3A
    Rooms
    Bedroom 2, Basement, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    12003493000000
    Parking features
    Garage
    Size
    1,513 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1926
    Floors in Building
    2
    Number of units
    2
    Building materials
    VinylSiding
    Architectural style
    Other

    RE/MAX Concepts (515) 276-2872 [email protected]

    Listing agent David Vaughan (515) 276-2872

    Listing date Dec 23, 2025

    MLS# 731950 Listing URL

    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.

    Overview

    Versatile Multi-Family Investment Opportunity

    This multi-family residence presents an investment opportunity suitable for investors or homeowners seeking income potential. The property includes two distinct units with a total of 4 bedrooms. The main unit features 2 bedrooms on the main level, complemented by a front porch, a spacious family room, a large dining area, and a kitchen. A basement adds a third bedroom, storage space, and laundry facilities. The upstairs unit offers privacy and convenience, with separate or joint access, making it suitable for rental income or use as an in-law suite. It includes a full kitchen, a bedroom, a bath, and a private deck. The property's structure allows for combining both units into a single-family home or separating them for rental income. Additional features include a one-car tuck-under garage and private parking. The property is located in Des Moines, Iowa, on a lot of approximately 0.198 acres. The property has 1513 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.632806
    Latitude
    41.540721

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    FAQs

    What type of property is this?
    Duplex - Multi-family residence with income potential, featuring two distinct units.
    Where is this duplex located?
    The property is located at 1242 Mckinley Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Multi-family residence with two distinct units, offering income potential or multi-generational living.; - Flexibility to combine units into a single-family home or maintain separation for rental income.; - Main unit features 2 bedrooms, front porch, spacious family room, large dining area, kitchen, basement with 3rd bedroom, storage, and laundry.
    (515) 276-2872
    Request Owner's contact information
    1242 Mckinley Ave Des Moines, IA 50315
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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
    1242 Mckinley Ave Des Moines, IA 50315
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