Attention Investors! Discover an incredible, hassle-free addition to your real estate portfolio at 1317 E 17th St, Des Moines. This property offers immediate, reliable income with none of the typical vacancy headaches.
The home features a functional 2 bedroom, 1 bathroom layout built in 1980. It is situated in a convenient pocket of Des Moines near the Martin Luther King Jr. Park neighborhood.
Investment Highlights:
• Exceptional Tenant Longevity: The highly reliable tenant has happily called this property home for over 30 years.
• Guaranteed Income: Backed by Section 8 housing assistance, ensuring consistent, on-time monthly rental distributions.
• Flexible Terms: Currently operating on a compliant month-to-month lease, giving the next owner ultimate flexibility to adjust or lock in a long-term agreement.
• True Turnkey Performance: Skip the cleaning, marketing, and onboarding phases—start collecting rent from day one.
Properties with this level of stability and tenant loyalty rarely hit the market. Whether you are expanding an existing portfolio or buying your first rental property, this Des Moines asset is built for long term success.
For sale by owner
$98,500
1317 E 17th St, Des Moines, IA 50316
2beds
998sqft
MultiFamily
Built in 1980
-- sqft lot
$-- Zestimate®
$99/sqft
$-- HOA
Overview
- 2 days
- 211
- 6
Listed by:
Property Owner (515) 422-6126
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Linoleum / Vinyl
- Basement: Unfinished
Interior area
- Total interior livable area: 998 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off-street
Features
- Exterior features: Other
Lot
- Size: 2,090 Square Feet
Details
- Parcel number: 11004175010003
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional
Materials
- masonry
- Foundation: Concrete
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1980
Community & HOA
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $99/sqft
- Tax assessed value: $86,800
- Annual tax amount: $1,548
- Date on market: 10/15/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,113/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Listed for sale | $98,500$99/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,548 +2.1% | $86,800 +12.6% |
| 2024 | $1,516 +8.4% | $77,100 |
| 2023 | $1,398 +0.9% | $77,100 +30% |
| 2022 | $1,386 +1.2% | $59,300 |
| 2021 | $1,370 -3.8% | $59,300 +8% |
| 2020 | $1,424 +2.9% | $54,900 |
| 2019 | $1,384 +1% | $54,900 +6.6% |
| 2018 | $1,370 | $51,500 |
| 2017 | $1,370 +9.6% | $51,500 +8.6% |
| 2016 | $1,250 | $47,400 |
| 2015 | $1,250 +13.8% | $47,400 +10.5% |
| 2014 | $1,098 | $42,900 |
| 2013 | -- | $42,900 -12.6% |
| 2012 | -- | $49,100 |
| 2011 | -- | $49,100 -17.2% |
| 2010 | -- | $59,300 |
| 2009 | -- | $59,300 |
| 2008 | -- | $59,300 |
| 2007 | -- | $59,300 +29.8% |
| 2006 | -- | $45,700 |
| 2005 | -- | $45,700 +9.4% |
| 2003 | -- | $41,790 +28.7% |
| 2002 | -- | $32,460 |
| 2001 | -- | $32,460 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: M.L. King Jr. Park
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