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    1315 E 12Th St Des Moines, IA 50316

    Pending
    For Sale
    $215,000

    MULTI_FAMILY - Other - Des Moines, IA

    Property size:
    1,621 SF
    Lot size:
    0.17 Acres
    Days on Market:
    73
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 1315 E 12Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R1-60
    Rooms
    Bathroom 1, Basement, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    11001370000000
    Size
    1,621 SF
    Lot size
    0.17 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
    1900
    Floors in Building
    2
    Number of units
    3
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    Gillum Group Real Estate (515) 257-6470 [email protected]

    Listing agent Jeff Horner (515) 619-8592

    Listing date Sep 25, 2025

    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 Triplex Investment Property

    This fully rented 3-plex in Des Moines, Iowa, presents a strong investment opportunity. The property features three 1-bedroom, 1-bathroom units. Current rents are $700, $775, and $800. Recent updates provide added value. These include updated siding, interior improvements to several units including new flooring, fresh paint, and an updated kitchen. One unit has a new furnace, and two units have new central A/C systems. A new feature was installed within the last year. The property is situated on a 0.174-acre lot. The building size is 1621 square feet. The property is conveniently located near downtown amenities, public transit, and major thoroughfares. This property is zoned R1-60. It offers steady cash flow and low vacancy risk, making it suitable for both experienced investors and those looking to expand their portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -93.604348
    Latitude
    41.602879

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    FAQs

    What type of property is this?
    Triplex - Fully rented Des Moines triplex with updated units and strong cashflow.
    Where is this triplex located?
    The property is located at 1315 E 12Th St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Strong investment property with steady cash flow from three rented units.; - Low vacancy risk in a desirable Des Moines location.; - Recent updates including **new roof, siding, flooring, paint, and updated kitchen.**
    (515) 619-8592
    Request Owner's contact information
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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
    1315 E 12Th St Des Moines, IA 50316
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