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.
For sale
$260,000
1355 24th St, Des Moines, IA 50311
4beds
2,064sqft
Multi Family
Built in 1897
-- sqft lot
$253,900 Zestimate®
$126/sqft
$-- HOA
What's special
Detached garageIndependent layouts
- 1 day |
- 120 |
- 9 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Heather Wright 515-229-2012,
RE/MAX Concepts,
Chelsey Martin 641-840-2768,
RE/MAX Concepts
Source: DMMLS,MLS#: 744385
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSLoading...
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: $126/sqft
- Tax assessed value: $202,900
- Annual tax amount: $3,700
- Date on market: 7/2/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
Estimated market value
$253,900
$241,000 - $267,000
$1,313/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $63,540 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Carpenter
Nearby schools
GreatSchools rating
- 6/10Perkins Elementary SchoolGrades: K-5Distance: 1.5 mi
- 3/10Callanan Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Roosevelt High SchoolGrades: 9-12Distance: 1.8 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Polk County
- Des Moines
- 50311
- Carpenter
- 1355 24th St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Des Moines Topics
