Des Moines Multifamily Investment
401 Franklin Avenue Des Moines, IA 50314
401 Franklin Avenue, Des Moines, IA, 50314
$200,000
For Sale
$200,000
MULTI_FAMILY - Other - Des Moines, IA
Property Size2,381 SF
Lot Size0.19 Acres
Price / SF$83
Days on Market77
Property Features for 401 Franklin Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RES
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 4, Basement, Bathroom 2
- Appliances
- Cooktop, Refrigerator
- Standard status
- Active
- APN
- 08000150001000
- Size
- 2,381 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- -EX N 6F- E 2F W 1/2 LOT 11 RIVERVIEW PARK; AND ALL LOTS 11 & 12 W OF A LINE DRAWN FROM A PT 4 FT E OF NW COR LOT (complete is on assessor)
- Tax Annual Amount
- 3196
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1901
- Building materials
- VinylSiding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agency
Realty ONE Group Impact
(515) 446-7524
Listed by
Meghan O'Brien
(515) 554-5312
Added: May 7 Updated: Jul 11 at 2:32PM Checked: Jul 22 at 8:06AM
MLS# 740254
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.
This property presents an investment opportunity as a two-unit rental, an owner-occupied rental, or a conversion to a single-family home within an area of Des Moines experiencing ongoing development. The main level, Unit 1, features an open concept with 2 bedrooms and 2 bathrooms, along with a dining area. Unit 2, located on the second floor, includes 2 bedrooms and 1 bathroom, with an additional third bedroom/loft on the third floor. Recent updates encompass central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. The current rent rates are $1000 for Unit 1 and $1025 for Unit 2. The property, zoned RES, has a size of 2381 square feet and sits on a lot of 0.192 acres.
Key Highlights
- Two‑unit configuration: Unit 1 on the main level (2 bed, 2 bath) and Unit 2 on upper levels (2 bed, 1 bath plus third bedroom/loft on the third floor).
- Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout.
- Current rent rates are $1,000 for Unit 1 and $1,025 for Unit 2.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property with rental income potential in developing Des Moines area.
Where is this duplex located?
The property is located at 401 Franklin Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑unit configuration: Unit 1 on the main level (2 bed, 2 bath) and Unit 2 on upper levels (2 bed, 1 bath plus third bedroom/loft on the third floor).; Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout.; Current rent rates are $1,000 for Unit 1 and $1,025 for Unit 2.
