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    702 20Th St Des Moines, IA 50314

    For Sale
    $2,150,000

    MULTI_FAMILY - Other - Des Moines, IA

    Type:Duplex
    Property size:
    12,392 SF
    Lot size:
    0.18 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 702 20Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    Res
    Rooms
    Bathroom 7, Bathroom 14, Bedroom 11, Bathroom 19, Bedroom 16, Bedroom 7, Basement, Bedroom 9, Bathroom 8, Bedroom 20, Bedroom 15, Bathroom 11, Bedroom 13, Bathroom 9, Bedroom 1, Bedroom 8, Bathroom 12, Bedroom 19, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 13, Bathroom 18, Bathroom 4, Bedroom 5, Bedroom 17, Bathroom 3, Bathroom 6, Bathroom 10, Bedroom 6, Bathroom 2, Bathroom 5, Bathroom 17, Bedroom 14, Bathroom 16, Bathroom 15, Bedroom 10, Bedroom 18, Bedroom 12, Bedroom 21
    Bedrooms
    21
    Bathrooms
    19
    APN
    030/00494-000-000
    Appliances
    Dishwasher, Microwave, Refrigerator, Stove
    Size
    12,392 SF
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating), Baseboard
    Cooling system
    Geothermal
    Water source
    Public

    Building Details

    Year built
    1989
    Number of units
    17
    Flooring type
    Tile, Hardwood
    Building materials
    Brick
    Roof type
    Rolled Hot Mop
    Architectural style
    Other

    Exit Realty Capital City (515) 991-4204 [email protected]

    Listing agent Timothy Schutte (515) 253-3948

    Listing date Oct 1, 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

    Sherman Hill Remodeled Multi-Unit Property

    This investment opportunity is located in the historic Sherman Hill neighborhood of Des Moines. The property features a total of 17 units, including a three-story apartment building and a duplex. The apartment building, remodeled in 2022, contains 15 units: nine one-bedroom, three two-bedroom, and three studio apartments. Each apartment includes a full bathroom and a modern kitchen equipped with a stove, refrigerator, microwave, and dishwasher. Residents have access to on-site coin-operated laundry facilities. The duplex, remodeled in 2019, offers two three-bedroom units, each with two bathrooms and an in-unit washer and dryer. Situated on a 0.184-acre lot, the 12,392 square foot property is near shops and restaurants, with convenient access to the interstate. The property is zoned for residential use and offers strong rental potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -93.64406
    Latitude
    41.590045

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    FAQs

    What type of property is this?
    Apartment building - Remodeled 17-unit property in historic Sherman Hill neighborhood.
    Where is this apartment building located?
    The property is located at 702 20Th St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Turnkey investment opportunity with strong rental potential.; - Located in the highly desirable Sherman Hill neighborhood, close to shops, restaurants, and the interstate.; - Fully remodeled multi-unit property featuring a 15-unit apartment building and a duplex.
    (515) 253-3948
    Request Owner's contact information
    702 20Th St Des Moines, IA 50314
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    Des Moines, IA 50314
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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
    702 20Th St Des Moines, IA 50314
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