1319 39th Street Des Moines, IA 50311
MULTI_FAMILY - Other - Des Moines, IA
Property Features for 1319 39th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- N5
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Basement, Bathroom 1, Bedroom 3
- Parking features
- Garage
- Patio and Porch features
- Deck
- Interior features
- SeparateFormalDiningRoom
- Exterior features
- Deck
- Appliances
- Dryer, Dishwasher, Microwave, Refrigerator, Stove
- Standard status
- Active
- APN
- 10002415000000
- Size
- 1,972 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- N 62.56 FT W 113 FT LOT 47 CHETWYND
- Tax Annual Amount
- 5084
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1921
- Floors in Building
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- MetalSiding, Stucco
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Amy Dempsey (323) 204-1936
Listing office RE/MAX Precision 5465 Mills Civic Pkwy, Ste.200, Clive, IA (515) 223-9492
Listing date Apr 27, 2026
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.
Investment Insights
Based on property information with market context.
The property sits on a 0.162-acre lot in Des Moines, IA 50311. The listing remarks indicate the home is located just minutes from Beaverdale.
For tenants, buyers, or operators seeking flexibility, the separate studio apartment entrance and full bath support a practical two-unit setup within one property. The additional unfinished basement and dedicated office space may appeal to residents who want room to work from home or to expand usable living area over time.
Key Highlights
- Additional 399 sq ft studio apartment with its own separate entrance, kitchen, and full bathroom
- 3‑bedroom, 1.5‑bath two‑story home with main floor laundry and open living/dining area
- 270 sq ft covered deck for outdoor entertaining and relaxing
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.2k | $13.80 |
| − Vacancy | −$931 | −$0.47 |
| EGI | $26.3k | $13.33 |
| − OpEx | −$7.9k | −$4.00 |
| NOI | $18.4k | $9.33 |
