Income-Producing Multifamily Property in Des
3419 1st Street, Des Moines, IA 50313
MULTI_FAMILY - Other - Des Moines, IA
Property size:
3,306 SFLot size:
0.23 AcresPrice / SF:
$84/SF- Added:
- Feb 25, 2026
- Days on Market:
- 95
- Last Refresh:
- May 31 at 12:06 pm
Property Features for 3419 1st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- N5
- Bedrooms
- 5
- Bathrooms
- 7
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 2, Basement, Bathroom 7, Bathroom 6, Bedroom 3
- Parking features
- Garage
- Appliances
- Refrigerator, Stove
- Standard status
- Active
- APN
- 07002137000000
- Size
- 3,306 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- LOT 15 & S 1/2 LOT 16 BLK 28 HIGHLAND PARK
- Tax Annual Amount
- 5579
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 7
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Ryan Rivera (515) 554-5870
Listing office Zealty Home Advisors 2524 Post Street, West Des Moines, IA (515) 329-4667
Listing date Feb 25, 2026
MLS# 735080
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.
HighLights
- Income‑producing 7‑unit multifamily property offering immediate cash flow.
- Major capital improvements completed in 2025: new roof, new sewer line, and new backflow system.
- Located in the desirable Highland Park area of Des Moines, near amenities and public transportation.
- Separately metered utilities minimize owner expenses.
- Strong rental history and current rental certificate in place.
- Off‑street parking and detached garage provide tenant convenience.
Overview
This income-producing multifamily property features seven units and is located in the Highland Park area of Des Moines. It presents an opportunity for multifamily ownership with immediate cash flow and future upside. The property has a rental history, a current rental certificate, and separately metered utilities. Several units have been refreshed, and capital improvements have been completed, including a new roof, new sewer line, and a new backflow system planned for 2025. The property includes off-street parking and a detached garage. Situated near public transportation, shopping, restaurants, and neighborhood amenities, the property benefits from rental demand. The lot size is 0.226 acres, and the property size is 3306 square feet. The property is zoned N5. Financial information is available upon request.
Property Profile
Location Intelligence
Current Use by Public Records
Des Moines Plumbing
Plumbing Service
Life Reaction
Training Center
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.618388
- Latitude
- 41.626562
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Seven-unit multifamily property with immediate cash flow and future upside.
Where is this apartment building located?
The property is located at 3419 1st Street Des Moines, IA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Income‑producing 7‑unit multifamily property offering immediate cash flow.; Major capital improvements completed in 2025: new roof, new sewer line, and new backflow system.; Located in the desirable Highland Park area of Des Moines, near amenities and public transportation.
