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Duplex with Off-Street Parking
For Sale
$145,000

1429 Martin Luther King Jr Pkwy, Des Moines, IA 50314

Two-bedroom and three-bedroom units provide a varied residential configuration within the property.

Property Size2,544 SF
Price / SF$56
Days on Market8

Property Features for 1429 Martin Luther King Jr Pkwy

General Information

Standard status Active
Size 2,544 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR, 1 x 3BR
Multifamily Units 2

Building Details

Year Built 1905
Listing Agency: RE/MAX Concepts
Listed By: Seth Walker · License #B41093
Source: Dsmsold
Added: Aug 23 Changed: Aug 29 Last Checked: Aug 29 at 10:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Concepts

Investment Insights

Based on property information with market context.

Built in 1905, this 2,544-square-foot duplex contains two residential units with different bedroom configurations: one offers two bedrooms and the other offers three. The layout provides a mix of unit sizes within a single income-producing property. Off-street parking and alley access add practical site functionality for occupants.

The property is located at 1429 Martin Luther King Jr Pkwy in Des Moines, with access to downtown and the broader metro area. Its central setting and established residential format support continued consideration for buyers seeking a duplex with an existing two-unit configuration.

Key Highlights

  • 2,544‑square‑foot duplex with two residential units
  • Unit mix includes one 2‑bedroom unit and one 3‑bedroom unit
  • Off‑street parking included

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic Accounting Firm Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

579
Businesses Nearby

Demographics for 50314, IA

11,764
Population
4,780
Households
2.5
Avg Household Size
31
Median Age
15%
College-Educated
72%
High-School Grad
2.5 sq mi
ZIP Area
4,706
Density / Sq Mi
$38,511
Median Household Income
$30,314
Median Earnings
$977
Median Rent
$146,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom and three-bedroom units provide a varied residential configuration within the property.
Where is this duplex located?
The property is located at 1429 Martin Luther King Jr Pkwy Des Moines, IA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 2,544‑square‑foot duplex with two residential units; Unit mix includes one 2‑bedroom unit and one 3‑bedroom unit; Off‑street parking included
More about this property
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