Skip main navigation
For sale by owner
  • $625,000

    1050 21st St, Des Moines, IA 50311

    --beds
    2,965sqft
    : 
    $4,494/mo
    Get pre-qualified
    MultiFamily
    Built in 1895
    -- sqft lot
    $517,700 Zestimate®
    $211/sqft
    $-- HOA

    What's special

    Granite countertopsNew roofMini-split systemsStainless steel appliances
    Property for Sale: Turn-Key Airbnb with High Earnings Near Downtown Des Moines. This multifamily property, just minutes from Downtown, has generated over $110,000 annually in the past few years, providing a a great investment opportunity. It includes three updated units: a spacious 4-bedroom penthouse, a comfortable 3-bedroom, and a charming 2-bedroom. Each unit has its own kitchens, bathroom(s), granite countertops, and stainless steel appliances, along with a new roof, updated electrical systems, mini-split systems, Ideally located, the property offers easy access to Sherman Hill and brewery districts, and it's a 5-minute drive to Court Avenue and Wells Fargo Arena. The airport is just 7 minutes away, and ample parking enhances convenience for guests. The property is sold fully furnished, including over $30,000 in furniture and assets. A rental certification is in place! Just renewed and good until April 2027. Additionally, there's an office/shop space in the rear which has heating cooling and electric. That can be rented, or it can be used by the owner. This is a rare chance to acquire a remodeled, high-performing Airbnb that offers immediate returns and long-term value. Several years of financials are available. The seller can offer short-term rental management during the transition if needed. Don’t miss this opportunity! Airbnb, Vrbo, booking and property management accounts can be included in the same of the property ensuring immediate income opportunity on the day of closing.
    4 days
    107
    5
    Listed by:

    Property Owner (763) 350-2043

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 1
      • 3/4 bathrooms: 1
      Heating
      • Forced air, Gas
      Features
      • Basement: Unfinished
      Interior area
      • Total interior livable area: 2,965 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Garage - Attached
      Features
      • Exterior features: Vinyl
      Lot
      • Size: 0.33 Acres
      Details
      • Parcel number: 03000859000000

      Construction

      Type & style
      • Home type: MultiFamily
      Materials
      • Foundation: Masonry
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1895

      Utilities & green energy

      • Sewer: City

      Community & HOA

      Location
      • Region: Des Moines

      Financial & listing details

      • Price per square foot: $211/sqft
      • Tax assessed value: $348,000
      • Annual tax amount: $3,853
      • Date on market: 9/6/2026

        Estimated market value

        $517,700

        $476,000 - $549,000

        $1,283/mo

        Price history

        DateEventPrice
        9/6/2026Listed for sale$625,000+15.3%$211/sqft
        Source: Owner Report a problem
        12/4/2024Sold$542,000-11.9%$183/sqft
        Source: DMMLS #701347 Report a problem
        11/11/2024Pending sale$615,000$207/sqft
        Source: DMMLS #701347 Report a problem
        9/28/2024Price change$615,000-1.6%$207/sqft
        Source: DMMLS #701347 Report a problem
        8/20/2024Pending sale$625,000$211/sqft
        Source: DMMLS #701347 Report a problem
        8/20/2024Listed for sale$625,000+257.1%$211/sqft
        Source: DMMLS #701347 Report a problem
        3/26/2020Sold$175,000$59/sqft
        Source: DMMLS #599317 Report a problem
        2/26/2020Pending sale$175,000$59/sqft
        Source: Coldwell Banker Mid Am Group #599317 Report a problem
        2/26/2020Listed for sale$175,000-12.5%$59/sqft
        Source: Coldwell Banker Mid Am Group #599317 Report a problem
        1/7/2020Listing removed$200,000$67/sqft
        Source: Keller Williams Realty GDM #585727 Report a problem
        10/28/2019Price change$200,000-13.7%$67/sqft
        Source: Keller Williams Realty GDM #585727 Report a problem
        7/5/2019Price change$231,664-83.3%$78/sqft
        Source: Keller Williams Realty Greater Des Moines #585727 Report a problem
        6/27/2019Listed for sale$1,390,000+1410.9%$469/sqft
        Source: Keller Williams Realty GDM #585727 Report a problem
        10/20/2016Sold$92,000$31/sqft
        Source: DMMLS #525241 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,853 +7%$348,000 +90.2%
        2024$3,600 -3.1%$183,000
        2023$3,715 -9.5%$183,000 +22.8%
        2022$4,104 +12.6%$149,000
        2021$3,644 -10.9%$149,000 +22.1%
        2020$4,092 +14.4%$122,000
        2019$3,576 -6%$122,000 +20.8%
        2018$3,804 $101,000
        2017$3,804 +1.8%$101,000 +10.4%
        2016$3,738 $91,500
        2015$3,738 +2.6%$91,500 +12.3%
        2014$3,644 $81,500
        2013-- $81,500
        2012-- $81,500
        2011-- $81,500 -11.2%
        2010-- $91,800
        2009-- $91,800
        2008-- $91,800
        2007-- $91,800
        2006-- $91,800 +25.1%
        2005-- $73,400 +12.1%
        2003-- $65,500 +14.3%
        2002-- $57,310
        2001-- $57,310
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Drake Park

        Getting around

        72 / 100
        Very Walkable
        43 / 100
        Some Transit
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Des Moines Independent

        Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts