Sold for $206,000

$206,000

1315 E 12th St, Des Moines, IA 50316

--beds

1,621sqft

Multi Family

Built in 1900

-- sqft lot

$220,800 Zestimate^®

$127/sqft

$1,302 Estimated rent

Home value

$220,800

$199,000 - $243,000

$1,302/mo

Zestimate^® history

Owner options

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$1,302/mo

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$1,302/mo

Rent Zestimate^®

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$1,470/mo

Est. payment

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$1,470/mo

Est. payment

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What's special

Update sidingFresh paintUpdated kitchenNew furnace

This fully rented 3-plex offers a strong investment in the heart of Des Moines, featuring three 1-bedroom, 1-bathroom units with current rents at $700, $775, and $800. With steady cash flow and low vacancy risk, this property is ideal for both seasoned investors and those looking to start or grow their portfolio. Recent updates provide peace of mind and added value, including a new installed within the last year, update siding, interior improvements to several units including new flooring, fresh paint, and an updated kitchen. 1 Unit has a new furnace, 2 units have new central A/C Systems. This is conveniently located near downtown amenities, public transit, and major thoroughfares.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 3
Full bathrooms: 3

Heating

Forced Air, Gas, Natural Gas

Cooling

Central Air, Window Unit(s)

Features

Basement: Unfinished

Interior area

Total structure area: 1,621
Total interior livable area: 1,621 sqft

Property

Features

Levels: Two
Stories: 2

Lot

Size: 7,579 Square Feet
Dimensions: 50 x 152

Details

Parcel number: 11001370000000
Zoning: R1-60

Construction

Type & style

Home type: MultiFamily
Architectural style: Two Story
Property subtype: Multi Family

Materials

Roof: Asphalt,Shingle

Condition

Year built: 1900

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: $127/sqft
Tax assessed value: $149,000
Annual tax amount: $2,812
Date on market: 7/25/2025
Cumulative days on market: 59 days
Listing terms: Cash,Conventional
Road surface type: Concrete

Price history

Date	Event	Price
11/24/2025	Sold	$206,000-4.2%$127/sqft
Source: DMMLS #723486 Report a problem
9/25/2025	Pending sale	$215,000$133/sqft
Source: DMMLS #723486 Report a problem
7/25/2025	Price change	$215,000+51.4%$133/sqft
Source: DMMLS #723046 Report a problem
4/15/2022	Pending sale	$142,000$88/sqft
Source: DMMLS #649840 Report a problem
3/30/2022	Sold	$142,000+184%$88/sqft
Source: DMMLS #649840 Report a problem
3/21/2017	Sold	$50,000$31/sqft
Source: Public Record Report a problem
4/20/2007	Sold	$50,000$31/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,770 +2.1%	$149,000 +8%
2024	$2,714 +2.8%	$138,000
2023	$2,640 -14.5%	$138,000 +23.2%
2022	$3,086 +13%	$112,000
2021	$2,732 -11%	$112,000 +22.4%
2020	$3,068 +14%	$91,500
2019	$2,692 -5.9%	$91,500 +20.4%
2018	$2,862	$76,000
2017	$2,862 +2.3%	$76,000 +10.9%
2016	$2,798	$68,500
2015	$2,798 +2.6%	$68,500 +12.3%
2014	$2,728	$61,000
2013	--	$61,000
2012	--	$61,000
2011	--	$61,000 -10.9%
2010	--	$68,500
2009	--	$68,500
2008	--	$68,500 -24.6%
2007	--	$90,900
2006	--	$90,900 +25%
2005	--	$72,700 +9%
2003	--	$66,700 +39.9%
2002	--	$47,660
2001	--	$47,660