Excellent investment and income-producing opportunity! This property features three separate units, all accessible from a central interior foyer, creating a convenient and efficient layout for tenants and property management. Whether you're looking to expand your portfolio or offset your own housing costs, this versatile property offers outstanding potential.
Pending
$150,000
1047 Martin Luther King Jr Pkwy, Des Moines, IA 50314
2beds
2,084sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$72/sqft
$-- HOA
What's special
Three separate unitsConvenient and efficient layoutCentral interior foyer
- 35 days |
- 20 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
STEVEN CAMERONA 515-978-1289,
Iowa Realty Beaverdale
Source: DMMLS,MLS#: 744137
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas, Natural Gas
Cooling
- None
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,084
- Total interior livable area: 2,084 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,229 Square Feet
- Dimensions: 50 x 125
- Features: Rectangular Lot
Details
- Parcel number: 03004834000000
- Zoning: R-3
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $72/sqft
- Tax assessed value: $118,000
- Annual tax amount: $2,224
- Date on market: 6/30/2026
- Cumulative days on market: 37 days
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Foreclosure details
Estimated market value
Not available
Estimated sales range
Not available
$1,651/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Pending sale | $150,000$72/sqft |
Source:  Iowa Realty #744137 Report a problem | ||
| 6/30/2026 | Listed for sale | $150,000-12%$72/sqft |
Source: Iowa Realty #744137 Report a problem | ||
| 3/11/2026 | Sold | $170,359-7.9%$82/sqft |
Source: Public Record Report a problem | ||
| 7/1/2022 | Sold | $184,900$89/sqft |
Source:  DMMLS #651937 Report a problem | ||
| 5/27/2022 | Pending sale | $184,900$89/sqft |
Source: DMMLS #651937 Report a problem | ||
| 5/17/2022 | Listed for sale | $184,900+146.9%$89/sqft |
Source: DMMLS #651937 Report a problem | ||
| 1/14/2013 | Sold | $74,900-66.1%$36/sqft |
Source: DMMLS #396824 Report a problem | ||
| 7/5/2011 | Sold | $221,000+333.3%$106/sqft |
Source: DMMLS #381899 Report a problem | ||
| 6/20/2007 | Sold | $51,000$24/sqft |
Source: DMMLS #295132 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,244 +51.3% | $118,000 +8.3% |
| 2024 | $2,144 +2.5% | $109,000 |
| 2023 | $2,092 -14.5% | $109,000 +22.7% |
| 2022 | $2,446 +12.5% | $88,800 |
| 2021 | $2,174 -11% | $88,800 +22% |
| 2020 | $2,442 +14% | $72,800 |
| 2019 | $2,142 -6% | $72,800 +20.3% |
| 2018 | $2,278 | $60,500 |
| 2017 | $2,278 +2.3% | $60,500 +11% |
| 2016 | $2,226 | $54,500 |
| 2015 | $2,226 +2.7% | $54,500 +12.4% |
| 2014 | $2,168 | $48,500 |
| 2013 | -- | $48,500 |
| 2012 | -- | $48,500 |
| 2011 | -- | $48,500 -7.6% |
| 2010 | -- | $52,500 -34.3% |
| 2009 | -- | $79,900 |
| 2008 | -- | $79,900 |
| 2007 | -- | $79,900 |
| 2006 | -- | $79,900 +25% |
| 2005 | -- | $63,900 +10% |
| 2003 | -- | $58,100 +40% |
| 2002 | -- | $41,510 |
| 2001 | -- | $41,510 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Good Park
Nearby schools
GreatSchools rating
- 3/10Edmunds Fine Arts AcademyGrades: K-5Distance: 0.3 mi
- 2/10Callanan Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Roosevelt High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- District: Des Moines Independent
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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