Drake resurgence and Drake Neighborhood Development over the past several years has resulted in a New life blood and energy inthe the Drake area and opportunity exists for owndership of a 6 apartment property on 22nd st. New windows, new gutters, 2 new 50 gallon water heaters. New rental certificate good thru 2016. Gross income of $30600 for the 6 units with potential for increase. Home can cash flow immediately - approximate cap rate 11%. Separate elecric meters for tenants. Tenants pay electric, landlord pay for gas. Call for showing - Requires a 24 hour notice for tenants - NO EXCEPTIONS
Sold for $210,000
Street View
$210,000
1079 22nd St, Des Moines, IA 50311
--beds
5baths
3,812sqft
MultiFamily
Built in 1892
-- sqft lot
$321,400 Zestimate®
$55/sqft
$1,370 Estimated rent
Home value
$321,400
$267,000 - $382,000
$1,370/mo
Zestimate® history
Owner options
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$1,491/mo
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
Heating
- Other, Other
Cooling
- Other
Appliances
- Included: Refrigerator
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 3,812 sqft
Property
Features
- Exterior features: Stucco
Lot
- Size: 9,060 sqft
Details
- Parcel number: 03000878000000
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Masonry
- Roof: Other
Condition
- Year built: 1892
Community & neighborhood
Location
- Region: Des Moines
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Sold | $210,000+35.5%$55/sqft |
Source: Public Record Report a problem | ||
| 3/11/2013 | Sold | $155,000$41/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,830 +2% | $152,000 +7.8% |
| 2024 | $2,774 +2.4% | $141,000 |
| 2023 | $2,710 -14.5% | $141,000 +22.6% |
| 2022 | $3,168 +13% | $115,000 |
| 2021 | $2,804 -11% | $115,000 +22.5% |
| 2020 | $3,150 +14% | $93,900 |
| 2019 | $2,762 -6% | $93,900 +20.4% |
| 2018 | $2,938 | $78,000 |
| 2017 | $2,938 +2% | $78,000 +10.6% |
| 2016 | $2,880 | $70,500 |
| 2015 | $2,880 +3.1% | $70,500 +12.8% |
| 2014 | $2,794 | $62,500 |
| 2013 | -- | $62,500 -42.1% |
| 2012 | -- | $108,000 |
| 2011 | -- | $108,000 -11.1% |
| 2010 | -- | $121,500 |
| 2009 | -- | $121,500 |
| 2008 | -- | $121,500 |
| 2007 | -- | $121,500 |
| 2006 | -- | $121,500 +25% |
| 2005 | -- | $97,200 +14% |
| 2003 | -- | $85,300 +40% |
| 2002 | -- | $60,940 |
| 2001 | -- | $60,940 |
Find assessor info on the county website
Neighborhood: Drake Park
Nearby schools
GreatSchools rating
- 4/10Edmunds Fine Arts AcademyGrades: K-5Distance: 0.5 mi
- 3/10Callanan Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Roosevelt High SchoolGrades: 9-12Distance: 1.8 mi
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.
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$321,400
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With Zillow Showcase(estimated)
$327,828
- Iowa
- Polk County
- Des Moines
- 50311
- Drake Park
- 1079 22nd St
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Nearby neighborhoods
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