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For sale
  • $275,000

    121 E Watrous Ave, Des Moines, IA 50315

    4beds
    1,408sqft
    : 
    $1,959/mo
    Get pre-qualified
    Multi Family
    Built in 1977
    -- sqft lot
    $270,000 Zestimate®
    $195/sqft
    $-- HOA

    What's special

    Walk out basementClean modern lookFunctional layoutsUpdated finishesLow maintenance flooringPrivate backyard
    Attention investors and owner occupants. This updated duplex is a fantastic opportunity to build wealth through real estate while generating rental income. Whether you're looking to add to your investment portfolio or live in one unit and rent the other, this property offers flexibility and long term potential. Both units feature durable luxury vinyl plank flooring throughout with no carpet, creating a clean, modern look that is easy to maintain and appealing to tenants. The functional layouts provide comfortable living spaces that are move in ready, helping you attract renters quickly. One of the standout features is the walk out basement, offering the potential to finish additional living space, create extra storage, or explore future income producing possibilities. The private backyard provides outdoor space that tenants will appreciate and adds to the property's overall appeal. Conveniently located near downtown Des Moines, schools, restaurants, shopping, parks, and major highways, this duplex offers easy access to everything tenants are looking for. With updated finishes, low maintenance flooring, and room to add value, this is an investment opportunity you won't want to miss.
    28 days
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    451
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    28
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    Zillow last checked:

    Listing updated:

    Listed by:

    Shonna Murrey 515-612-8939,

    Epique Realty

    Source: DMMLS,MLS#: 746261MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced Air, Gas, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Refrigerator, Stove
      Features
      • Basement: Unfinished,Walk-Out Access
      Interior area
      • Total structure area: 1,408
      • Total interior livable area: 1,408 sqft

      Property

      Features
      • Stories: 1
      Lot
      • Size: 9,713 Square Feet
      • Dimensions: 69 x 140
      Details
      • Parcel number: 12005236001000
      • Zoning: Res

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Multi Family
      Materials
      • Foundation: Poured
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 1977

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Des Moines

      Financial & listing details

      • Price per square foot: $195/sqft
      • Tax assessed value: $210,000
      • Annual tax amount: $3,958
      • Date on market: 7/29/2026
      • Cumulative days on market: 29 days
      • Listing terms: Cash,Conventional
      • Road surface type: Concrete

        Estimated market value

        $270,000

        $257,000 - $284,000

        $1,423/mo

        Price history

        DateEventPrice
        8/8/2026Listing removed$1,075$1/sqft
        Source: Zillow Rentals Report a problem
        7/29/2026Listed for sale$275,000+41%$195/sqft
        Source: DMMLS #746261 Report a problem
        7/21/2026Listed for rent$1,075$1/sqft
        Source: Zillow Rentals Report a problem
        6/23/2026Listing removed$1,075$1/sqft
        Source: Zillow Rentals Report a problem
        5/5/2026Listed for rent$1,075$1/sqft
        Source: Zillow Rentals Report a problem
        5/20/2025Listing removed$1,075$1/sqft
        Source: Zillow Rentals Report a problem
        4/24/2025Price change$1,075-8.5%$1/sqft
        Source: Zillow Rentals Report a problem
        4/9/2025Listed for rent$1,175+11.9%$1/sqft
        Source: Zillow Rentals Report a problem
        5/30/2023Listing removed--
        Source: Zillow Rentals Report a problem
        5/23/2023Listed for rent$1,050+31.3%$1/sqft
        Source: Zillow Rentals Report a problem
        7/15/2021Listing removed--
        Source: RE/MAX Central Report a problem
        6/11/2021Listed for sale$195,000$138/sqft
        Source: RE/MAX Central #630414 Report a problem
        6/3/2021Pending sale$195,000$138/sqft
        Source: RE/MAX Central #630414 Report a problem
        6/2/2021Listed for sale$195,000+62.5%$138/sqft
        Source: RE/MAX Central #630414 Report a problem
        6/10/2019Listing removed$800$1/sqft
        Source: Go Section8 Report a problem
        3/15/2019Price change$800-5.9%$1/sqft
        Source: Go Section8 Report a problem
        3/1/2019Listed for rent$850$1/sqft
        Source: Zillow Rental Manager Report a problem
        7/29/2014Sold$120,000+0.4%$85/sqft
        Source: Public Record Report a problem
        9/28/2007Sold$119,480-2.1%$85/sqft
        Source: Public Record Report a problem
        1/7/2004Sold$122,000$87/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,726 +2%$210,000 +13.1%
        2024$3,652 +7.5%$185,600
        2023$3,396 +0.8%$185,600 +28.8%
        2022$3,370 -4.1%$144,100
        2021$3,514 -12.7%$144,100 +2.3%
        2020$4,023 +20.2%$140,800
        2019$3,348 +1%$140,800 +13%
        2018$3,314 $124,600
        2017$3,314 +11%$124,600 +10%
        2016$2,986 $113,300
        2015$2,986 +1.2%$113,300 -1.7%
        2014$2,952 $115,300
        2013-- $115,300 -0.9%
        2012-- $116,300
        2011-- $116,300 -4.4%
        2010-- $121,700
        2009-- $121,700 +14.3%
        2008-- $106,500
        2007-- $106,500 +3.2%
        2006-- $103,200
        2005-- $103,200 +13%
        2003-- $91,350 +11.7%
        2002-- $81,770
        2001-- $81,770
        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: Magnolia Park

        Getting around

        27 / 100
        Car-Dependent
        27 / 100
        Some Transit
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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