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    1206 39Th St Des Moines, IA 50311

    For Sale
    $210,000

    Prime rental property near Drake University with renewed rental license.

    Property size:
    1,964 SF
    Lot size:
    0.09 Acres

    Property Features for 1206 39Th St

    General Information

    Size
    1,964 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1918

    Source: Keller Williams Realty Greater Des Moines Agent Darson Grantham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Des Moines Triplex Investment Opportunity

    This property is a triplex located in a sought-after Des Moines neighborhood, situated just west of the Drake University Campus. It is currently operating with two long-term leases and one furnished short-term rental, generating a gross monthly rental income of $2636. The property benefits from a renewed rental license. A new roof was installed in 2021. Units 1 and 2 have been updated within the past two years. The property is located in a high-demand rental area, with convenient access to local amenities, schools, and public transportation. The property offers cash flow potential with minimal maintenance concerns due to recent updates. The building size is 1964 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    -93.6701558
    Latitude
    41.6008034

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    FAQs

    What type of property is this?
    Triplex - Prime rental property near Drake University with renewed rental license.
    Where is this triplex located?
    The property is located at 1206 39Th St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - Prime rental property in a sought-after Des Moines neighborhood near Drake University.; - Excellent cash flow potential with minimal maintenance concerns due to recent updates.; - Currently has 2 long-term leases and 1 furnished short-term rental in place.
    (641) 745-0156
    Request Owner's contact information
    1206 39Th St Des Moines, IA 50311
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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
    1206 39Th St Des Moines, IA 50311
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