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    1318 23Rd St Des Moines, IA 50311

    For Sale
    $225,000

    MULTI_FAMILY - Other - Des Moines, IA

    Property size:
    2,122 SF
    Lot size:
    0.20 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 1318 23Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
    Bathrooms
    4
    APN
    08006845001000
    Size
    2,122 SF
    Lot size
    0.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1892
    Floors in Building
    2
    Building materials
    WoodSiding
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    LPT Realty, LLC (515) 669-4010 [email protected]

    Listing agent Kyle Clarkson (877) 366-2213

    Listing date Nov 16, 2025

    MLS# 729696 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

    Renovated Fourplex Investment Opportunity

    This renovated fourplex presents a significant investment opportunity. Recent upgrades include a new roof, mini-split heating and cooling systems, furnace, water heater, sewer line, and water line, potentially ensuring low maintenance. Each unit has been updated recently. The property, zoned R-3, is a turnkey opportunity to capitalize on the high demand for multi-family housing in the area. The property size is 2122 square feet and the lot size is 0.198 acres. Current rents have been between $800-$950 per unit. The property is located in Des Moines, Iowa.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -93.648633
    Latitude
    41.602504

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    FAQs

    What type of property is this?
    Quadplex - Turnkey fourplex with recent upgrades in high-demand area.
    Where is this quadplex located?
    The property is located at 1318 23Rd St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Turnkey fourplex: Ideal for both seasoned and new investors.; - Recent renovations: **New roof, mini-split systems, furnace, water heater, sewer line, and water line.**; - Low maintenance: Due to recent upgrades.
    (877) 366-2213
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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
    1318 23Rd St Des Moines, IA 50311
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