For sale

Price cut: $10K (8/3)

$250,000

1355 24th St, Des Moines, IA 50311

4beds

2,064sqft

$1,969/mo

Get pre-qualified

Multi Family

Built in 1897

-- sqft lot

$247,500 Zestimate^®

$121/sqft

$-- HOA

What's special

Detached garageIndependent layouts

Investor opportunity within walking distance of Drake University. This turn-key duplex features two occupied units on month-to-month leases, offering immediate cash flow with room for growth. Both the upper and lower units include 2 bedrooms, 1 bathroom, and independent layouts. All appliances stay with the property, including a dedicated washer and dryer setup for each unit. The lower unit features a newer refrigerator, while the upper unit has been updated within the last two years with newer appliances and durable LVP flooring. Each tenant responsible for their own electric. The detached garage electricity is tied to the upper unit meter. Gas and water are landlord expenses. A great addition to a portfolio or a perfect house-hack opportunity close to campus. This property also features a possible assumable VA loan for qualified buyers. Call your agent to schedule a tour.

96 days
339
25

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Gas

Cooling

Central Air

Features

Basement: Unfinished

Interior area

Total structure area: 2,064
Total interior livable area: 2,064 sqft

Property

Parking

Total spaces: 1
Parking features: Detached, Garage, One Car Garage
Garage spaces: 1

Features

Levels: Two
Stories: 2

Lot

Size: 7,797 Square Feet
Dimensions: 48 x 162.5

Details

Parcel number: 08001569000000
Zoning: NX1

Construction

Type & style

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

Materials

Vinyl Siding
Foundation: Brick/Mortar

Condition

Year built: 1897

Utilities & green energy

Utilities for property: Electricity Available, Natural Gas Available, Water Available

Community & HOA

HOA

Has HOA: No

Location

Region: Des Moines

Financial & listing details

Price per square foot: $121/sqft
Tax assessed value: $202,900
Annual tax amount: $3,700
Date on market: 7/2/2026
Cumulative days on market: 97 days
Listing terms: Cash,Conventional
Tenant pays: Electricity
Electric utility on property: Yes

Estimated market value

$247,500

$235,000 - $260,000

$1,162/mo

Price history

Date	Event	Price
8/3/2026	Price change	$250,000-3.8%$121/sqft
Source: DMMLS #744385 Report a problem
7/2/2026	Listed for sale	$260,000+11.1%$126/sqft
Source: DMMLS #744385 Report a problem
9/5/2022	Sold	$234,000+4%$113/sqft
Source: DMMLS #655607 Report a problem
7/22/2022	Pending sale	$225,000$109/sqft
Source: DMMLS #655607 Report a problem
7/6/2022	Listed for sale	$225,000+104.5%$109/sqft
Source: DMMLS #655607 Report a problem
3/22/2018	Sold	$110,000$53/sqft
Source: DMMLS #555476 Report a problem
2/27/2018	Pending sale	$110,000$53/sqft
Source: Goodall Properties LLC #555476 Report a problem
2/22/2018	Listed for sale	$110,000+10.6%$53/sqft
Source: Goodall Properties LLC #555476 Report a problem
6/20/2007	Sold	$99,500$48/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,855 +8.8%	$202,900 +8.7%
2024	$3,542 +11.8%	$186,600
2023	$3,168 +0.8%	$186,600 +32.3%
2022	$3,144 +3.5%	$141,000
2021	$3,038 -3.7%	$141,000 +9.9%
2020	$3,156 -4.8%	$128,300
2019	$3,314 +1%	$128,300 +4.1%
2018	$3,280	$123,300
2017	$3,280 +8.3%	$123,300 +7.2%
2016	$3,030	$115,000
2015	$3,030 +5.6%	$115,000 +2.6%
2014	$2,870	$112,100
2013	--	$112,100 -0.2%
2012	--	$112,300
2011	--	$112,300 +8.7%
2010	--	$103,300
2009	--	$103,300 +4.2%
2008	--	$99,100
2007	--	$99,100 +29.2%
2006	--	$76,700
2005	--	$76,700 +25.9%
2003	--	$60,930 -4.1%
2002	--	$63,540
2001	--	$63,540