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Off market
  • $385,700

    1123 38th St, Des Moines, IA 50311

    5beds
    2,704sqft
    MultiFamily
    Built in 1939
    -- sqft lot
    $385,700 Zestimate®
    $143/sqft
    $1,301 Estimated rent

    Home value

    $385,700

    $363,000 - $409,000

    $1,301/mo

    Zestimate® history
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    $2,608/mo

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    What's special

    View the 3D Virtual Open House anytime by scrolling down the page and clicking "See Listing Website." Receive knowledgeable answers to your questions and schedule a private showing by clicking the checkbox next to "Property Owner”. When ready to make an offer, the seller is providing complimentary purchase agreement support from a local attorney. GREAT INVESTMENT OPPORTUNITY! Buyer's agents are welcome. Don't miss out on this beautiful brick 2-story duplex in a historical area with mature trees. It's in a great neighborhood, close to restaurants, shopping, Ingersoll stores, East Village, Drake University, public schools and quick access to I-235, just 10 minutes from downtown. There are separate front door entrances for the two units. The first floor apartment is amazing, with lots of recent updates. The tiled entry foyer leads to a bright and airy living room with a beautiful white stone wood-burning fireplace. You'll love the beautiful hardwood floors in the living room and dining room. The floors on the main level were recently refinished. The kitchen has beautiful new ceramic tile flooring. These rooms all flow together as one through wide openings. The dining room features a french door to a spacious treated wood deck that was added 6 months ago. The kitchen has been totally updated with soft close cabinets, quartz countertops and glass subway tile backsplash. The master bedroom has hardwood floors and the second bedroom is carpeted with 2 closets, with one being a walk in closet. There's a full bath located between the bedrooms, lots of storage. The floorplan on the upper level apartment mirrors the first floor, including the fireplace. The hardwood floors have not been refinished, however, they are in excellent condition. The kitchen has laminate countertops, with a tile back splash and a dishwasher. Off the dining room a french door leads to the wood deck, that provides an excellent escape and a great view of the spacious backyard. The upper level also has a bonus room, a finished attic for office or a third bedroom, with a walk in closet, lots of storage. There's a back stairway that leads down to a "shared" exit to the driveway on the side of the house. Both units gain access to the basement stairway where you'll find two separate laundry rooms, a partially finished room with a third fireplace. There's a detached 2-car garage that recently received new siding, a new roof and new doors. The home has a new roof, all new windows, including the basement. Homes like this don't become available very often. This may be just the investment opportunity you've been looking for! Plus, there's already a great tenant in the upper level apartment. Call the homeowner today for a showing.The duplex is built as a top and bottom. The home and garage has a new roof, with a life time warranty on shingles. The gutters are new on the home and garage, with new siding on the 2 car garage and new siding on facia and soffit of home and garage. The home has new windows, 3 paine window style. The first floor unit has a fireplace, it has been newly renovated, new high end kitchen cabinets with soft close cabinets, quartz countertops, tile floor, with new appliances that stay with the home. The hardwood floors throughout have been refinished, all rooms newly painted, new carpet in one bwdroom with 2 closets and one of them being a walk in closet and off the dining room french door is a deck. The 2nd floor unit has hardwood floors throughout, new countertop and linoleum in the kitchen, newly painted with a deck off the dining room. The basement has 2 laundry areas and a shower, with lots of storage and a partial finished room with a fireplace.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet, Hardwood, Linoleum / Vinyl
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,704 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Features
    • Exterior features: Brick
    • Has view: Yes
    • View description: None
    Lot
    • Size: 9,757 Square Feet
    Details
    • Parcel number: 09003373000000

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Conventional
    Materials
    • brick
    • Foundation: Masonry
    • Roof: Asphalt
    Condition
    • Year built: 1939

    Community & HOA

    Location
    • Region: Des Moines

    Financial & listing details

    • Price per square foot: $143/sqft
    • Tax assessed value: $369,800
    • Annual tax amount: $6,842

    Price history

    DateEventPrice
    6/30/2023Sold$365,000$135/sqft
    Source: DMMLS #671702 Report a problem
    5/20/2023Pending sale$365,000$135/sqft
    Source: DMMLS #671702 Report a problem
    5/16/2023Listed for sale$365,000$135/sqft
    Source: DMMLS #671702 Report a problem
    5/1/2023Pending sale$365,000$135/sqft
    Source: DMMLS #671702 Report a problem
    4/25/2023Listed for sale$365,000+33%$135/sqft
    Source: DMMLS #671702 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    1/26/2018Listing removed$274,500$102/sqft
    Source: Owner Report a problem
    1/26/2018Listed for sale$274,500+2.4%$102/sqft
    Source: Owner Report a problem
    1/23/2018Sold$268,000-2.4%$99/sqft
    Source: Public Record Report a problem
    12/4/2017Pending sale$274,500$102/sqft
    Source: Owner Report a problem
    10/14/2017Listed for sale$274,500+80%$102/sqft
    Source: Owner Report a problem
    12/19/2002Sold$152,500+45.9%$56/sqft
    Source: Public Record Report a problem
    10/20/1997Sold$104,500$39/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,842 +8.1%$369,800 +8.5%
    2024$6,328 -2.1%$340,800
    2023$6,464 +0.8%$340,800 +19%
    2022$6,412 +5.3%$286,500
    2021$6,092 -4.9%$286,500 +11.9%
    2020$6,408 +28.5%$256,000
    2019$4,988 +1.1%$256,000 +31.9%
    2018$4,932 $194,100
    2017$4,932 +11.2%$194,100 +9.7%
    2016$4,434 $177,000
    2015$4,434 +16.3%$177,000 +12.1%
    2014$3,814 $157,900
    2013-- $157,900 -2.7%
    2012-- $162,300
    2011-- $162,300 -2.5%
    2010-- $166,500
    2009-- $166,500 +4.1%
    2008-- $159,900
    2007-- $159,900 -3.1%
    2006-- $165,100
    2005-- $165,100 +6.6%
    2003-- $154,810 +22.4%
    2002-- $126,480
    2001-- $126,480
    Find assessor info on the county website

    Neighborhood: Drake

    Nearby schools

    GreatSchools rating
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