Great 3 Bed Duplex Opportunity in Des Moines' East side. One unit is recently vacated. Occupied unit is on month to month at $700, rent comps are $1300. It needs a little work to get there, but it won't take much. All utilities separated and tenants take care of Lawn & Snow. Both units have all 3 bedrooms and bathroom on Upper Level, with the Living Room and Kitchen on the Main Level. Built 1983. CapRate 8.5%12.3% Cash on Cash Return after renovation. Buy before Interest Rates drop and buyer demand floods back into the market. Potential Seller paid Rate Buy-down available. All information obtained from seller and public records.
Sold for $225,000
$225,000
1419 E 40th St, Des Moines, IA 50317
6beds
1,096sqft
Duplex, Multi Family, Multi Family
Built in 1983
-- sqft lot
$251,400 Zestimate®
$205/sqft
$1,312 Estimated rent
Home value
$251,400
$239,000 - $266,000
$1,312/mo
Zestimate® history
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$1,605/mo
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Zillow last checked:
Listing updated:
Listed by:
Liz Keller (515)423-5607,
RE/MAX Precision,
Chase Keller 319-231-1160,
RE/MAX Precision
Bought with:
Mindy Cochran
Realty ONE Group Impact
Source: DMMLS,MLS#: 687752
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 1,096
- Total interior livable area: 1,096 sqft
Property
Lot
- Size: 8,537 sqft
- Dimensions: 68 x 125
- Features: Rectangular Lot
Details
- Parcel number: 06000711104002
- Zoning: N3A
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Metal Siding
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 5/7/2024 | Sold | $225,000-2.2%$205/sqft |
Source:  DMMLS #687752 Report a problem | ||
| 4/12/2024 | Pending sale | $230,000$210/sqft |
Source: DMMLS #687752 Report a problem | ||
| 4/11/2024 | Listed for sale | $230,000$210/sqft |
Source: DMMLS #687752 Report a problem | ||
| 3/8/2024 | Pending sale | $230,000$210/sqft |
Source: DMMLS #687752 Report a problem | ||
| 2/29/2024 | Listed for sale | $230,000$210/sqft |
Source: DMMLS #687752 Report a problem | ||
| 1/19/2024 | Listing removed | -- |
Source: DMMLS #687752 Report a problem | ||
| 1/16/2024 | Listed for sale | $230,000+84.7%$210/sqft |
Source: DMMLS #687752 Report a problem | ||
| 4/14/2004 | Sold | $124,500+61.7%$114/sqft |
Source: Public Record Report a problem | ||
| 2/27/1997 | Sold | $77,000$70/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,770 +2.1% | $208,500 +11% |
| 2024 | $3,694 +7% | $187,800 |
| 2023 | $3,452 +0.8% | $187,800 +28.2% |
| 2022 | $3,426 +6% | $146,500 |
| 2021 | $3,232 -3.8% | $146,500 +13.1% |
| 2020 | $3,358 +8.2% | $129,500 |
| 2019 | $3,104 +1% | $129,500 +12.1% |
| 2018 | $3,072 | $115,500 |
| 2017 | $3,072 +5.9% | $115,500 +4.9% |
| 2016 | $2,902 | $110,100 |
| 2015 | $2,902 +8% | $110,100 +5% |
| 2014 | $2,686 | $104,900 |
| 2013 | -- | $104,900 -0.2% |
| 2012 | -- | $105,100 |
| 2011 | -- | $105,100 -12.6% |
| 2010 | -- | $120,300 |
| 2009 | -- | $120,300 +1.2% |
| 2008 | -- | $118,900 |
| 2007 | -- | $118,900 +13.9% |
| 2006 | -- | $104,400 |
| 2005 | -- | $104,400 +18.1% |
| 2003 | -- | $88,370 +25.7% |
| 2002 | -- | $70,290 |
| 2001 | -- | $70,290 |
Find assessor info on the county website
Neighborhood: Gray's Woods
Nearby schools
GreatSchools rating
- 3/10Stowe Elementary SchoolGrades: K-5Distance: 0.7 mi
- 1/10Hoyt Middle SchoolGrades: 6-8Distance: 1 mi
- 2/10East High SchoolGrades: 9-12Distance: 3.3 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.
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$251,400
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- Iowa
- Polk County
- Des Moines
- 50317
- Gray's Woods
- 1419 E 40th St
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