This property had a complete overhaul in 2022, completely gutting all units and replacing everything inside and out. All new separated heat, electric and plumbing. All new Mechanicals, New siding, windows, roof, porch. Everything!
Property has security system in place. Coin-op laundry in basement common area.
Also a storage space that could be tapped for even more income.
All units currently occupied and cashflowing.
Building is 3 blocks from Drake University campus. Blocks from many restaurants and entertainment, making this site incredibly walkable. 5 blocks from Interstate 235 and about a mile from downtown.
Directly in the center of the metro, making commuting anywhere a breeze. Plenty of off -street parking for tenants.
Drake University area boasts a large Graduate Student population with obvious benefits, but the Drake neighborhood pulls tenants from much more than just the University. Location so close to downtown, close to Interstate and amazing walkability.
Value Add: Room to increase rents, add basement storage, allow pets for additional income.
Sold for $405,000
$405,000
1123 24th St, Des Moines, IA 50311
6beds
2,428sqft
Multi Family
Built in 1904
-- sqft lot
$403,800 Zestimate®
$167/sqft
$1,079 Estimated rent
Home value
$403,800
$376,000 - $424,000
$1,079/mo
Zestimate® history
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$2,705/mo
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Zillow last checked:
Listing updated:
Listed by:
Liz Keller (515)423-5607,
EXP Realty, LLC
Bought with:
Misty Darling
BH&G Real Estate Innovations
Source: DMMLS,MLS#: 700236
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric, Forced Air, Gas, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Refrigerator, Stove, Washer
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,428
- Total interior livable area: 2,428 sqft
Property
Lot
- Size: 6,403 sqft
- Dimensions: 40 x 160
- Features: Rectangular Lot
Details
- Parcel number: 03001471000000
- Zoning: R1-60
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & neighborhood
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 2/12/2026 | Listing removed | $1,185 |
Source: Zillow Rentals Report a problem | ||
| 1/27/2026 | Listed for rent | $1,185-5.2% |
Source: Zillow Rentals Report a problem | ||
| 11/8/2025 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/30/2025 | Price change | $1,250-3.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/13/2025 | Listed for rent | $1,300+116.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/4/2025 | Listing removed | $600 |
Source: Zillow Rentals Report a problem | ||
| 1/2/2025 | Listed for rent | $600 |
Source: Zillow Rentals Report a problem | ||
| 8/30/2024 | Sold | $405,000$167/sqft |
Source:  DMMLS #700236 Report a problem | ||
| 8/6/2024 | Pending sale | $405,000$167/sqft |
Source: DMMLS #700236 Report a problem | ||
| 1/15/2024 | Listed for sale | $405,000$167/sqft |
Source: DMMLS #687662 Report a problem | ||
| 1/11/2024 | Listing removed | -- |
Source: DMMLS #685711 Report a problem | ||
| 11/20/2023 | Listed for sale | $405,000$167/sqft |
Source: DMMLS #685711 Report a problem | ||
| 11/14/2023 | Listing removed | -- |
Source: DMMLS #673072 Report a problem | ||
| 8/16/2023 | Price change | $405,000-4.7%$167/sqft |
Source: DMMLS #673072 Report a problem | ||
| 5/12/2023 | Listed for sale | $425,000+9.5%$175/sqft |
Source: DMMLS #673072 Report a problem | ||
| 4/26/2022 | Sold | $388,000+167.6%$160/sqft |
Source: Public Record Report a problem | ||
| 9/16/2020 | Sold | $145,000-3.3%$60/sqft |
Source: Public Record Report a problem | ||
| 6/26/2020 | Pending sale | $150,000$62/sqft |
Source: RE/MAX Concepts #608214 Report a problem | ||
| 6/23/2020 | Listed for sale | $150,000+1150%$62/sqft |
Source: RE/MAX Concepts #608214 Report a problem | ||
| 1/30/1998 | Sold | $12,000+60%$5/sqft |
Source: Public Record Report a problem | ||
| 12/24/1997 | Sold | $7,500$3/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,838 +2% | $260,000 +7.9% |
| 2024 | $4,742 +2.6% | $241,000 |
| 2023 | $4,620 -14.4% | $241,000 +23% |
| 2022 | $5,398 -5.5% | $196,000 |
| 2021 | $5,713 -8.3% | $196,000 +21.7% |
| 2020 | $6,227 +25.6% | $161,000 |
| 2019 | $4,956 -1.8% | $161,000 +20.1% |
| 2018 | $5,048 | $134,000 |
| 2017 | $5,048 +2.1% | $134,000 +10.7% |
| 2016 | $4,944 | $121,000 |
| 2015 | $4,944 +0.5% | $121,000 +12% |
| 2014 | $4,920 | $108,000 |
| 2013 | -- | $108,000 |
| 2012 | -- | $108,000 |
| 2011 | -- | $108,000 -10.7% |
| 2010 | -- | $121,000 |
| 2009 | -- | $121,000 |
| 2008 | -- | $121,000 |
| 2007 | -- | $121,000 |
| 2006 | -- | $121,000 +25.3% |
| 2005 | -- | $96,600 +8.1% |
| 2003 | -- | $89,400 +39.9% |
| 2002 | -- | $63,880 |
| 2001 | -- | $63,880 |
Find assessor info on the county website
Neighborhood: Drake Park
Nearby schools
GreatSchools rating
- 4/10Edmunds Fine Arts AcademyGrades: K-5Distance: 0.6 mi
- 3/10Callanan Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Roosevelt High SchoolGrades: 9-12Distance: 1.7 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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- Iowa
- Polk County
- Des Moines
- 50311
- Drake Park
- 1123 24th St
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