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.
For sale by owner
$625,000
1050 21st St, Des Moines, IA 50311
--beds
2,965sqft
MultiFamily
Built in 1895
-- sqft lot
$517,700 Zestimate®
$211/sqft
$-- HOA
What's special
Granite countertopsNew roofMini-split systemsStainless steel appliances
- 4 days
- 107
- 5
Listed by:
Property Owner (763) 350-2043
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
| Date | Event | Price |
|---|---|---|
| 9/6/2026 | Listed for sale | $625,000+15.3%$211/sqft |
Source: Owner Report a problem | ||
| 12/4/2024 | Sold | $542,000-11.9%$183/sqft |
Source: | ||
| 11/11/2024 | Pending sale | $615,000$207/sqft |
Source: | ||
| 9/28/2024 | Price change | $615,000-1.6%$207/sqft |
Source: | ||
| 8/20/2024 | Pending sale | $625,000$211/sqft |
Source: | ||
| 8/20/2024 | Listed for sale | $625,000+257.1%$211/sqft |
Source: | ||
| 3/26/2020 | Sold | $175,000$59/sqft |
Source: | ||
| 2/26/2020 | Pending sale | $175,000$59/sqft |
Source: Coldwell Banker Mid Am Group #599317 Report a problem | ||
| 2/26/2020 | Listed for sale | $175,000-12.5%$59/sqft |
Source: Coldwell Banker Mid Am Group #599317 Report a problem | ||
| 1/7/2020 | Listing removed | $200,000$67/sqft |
Source: Keller Williams Realty GDM #585727 Report a problem | ||
| 10/28/2019 | Price change | $200,000-13.7%$67/sqft |
Source: Keller Williams Realty GDM #585727 Report a problem | ||
| 7/5/2019 | Price change | $231,664-83.3%$78/sqft |
Source: Keller Williams Realty Greater Des Moines #585727 Report a problem | ||
| 6/27/2019 | Listed for sale | $1,390,000+1410.9%$469/sqft |
Source: Keller Williams Realty GDM #585727 Report a problem | ||
| 10/20/2016 | Sold | $92,000$31/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: Drake Park
Nearby schools
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.







