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For sale
    • Price cut: $5K (6/30)
    $150,000

    1429 Martin Luther King Jr Pkwy, Des Moines, IA 50314

    5beds
    2,544sqft
    : 
    $1,119/mo
    Get pre-qualified
    Multi Family
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $59/sqft
    $-- HOA

    What's special

    Ample off street parkingConvenient alley access
    This duplex offers a fantastic investment opportunity with strong cash flow potential. Featuring one 2 bedroom unit and one 3 bedroom unit, this property provides flexibility and solid rental appeal. Tenants will appreciate the ample off street parking and convenient alley access. Centrally located with easy access to downtown and the entire metro, it is ideally positioned for consistent demand. Projected rental income of $1800 per month makes this a great addition to any investment portfolio.
    43 days
    |
    785
    |
    53
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Seth Walker (515)577-3728,

    RE/MAX Concepts

    Source: DMMLS,MLS#: 738465MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced Air, Gas
      Cooling
      • Window Unit(s)
      Features
      • Basement: Unfinished
      Interior area
      • Total structure area: 2,544
      • Total interior livable area: 2,544 sqft

      Property

      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 6,403 Square Feet
      • Dimensions: 50 x 128
      Details
      • Parcel number: 08004325000000
      • Zoning: NX1

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Two Story
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      • Foundation: Brick/Mortar, Stone
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 1905

      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: $59/sqft
      • Tax assessed value: $143,600
      • Annual tax amount: $2,468
      • Date on market: 4/15/2026
      • Cumulative days on market: 105 days
      • Listing terms: Cash,Conventional
      • Road surface type: Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/30/2026Price change$150,000-3.2%$59/sqft
        Source: DMMLS #738465 Report a problem
        6/15/2026Listed for sale$155,000$61/sqft
        Source: DMMLS #738465 Report a problem
        6/15/2026Pending sale$155,000$61/sqft
        Source: DMMLS #738465 Report a problem
        5/29/2026Price change$155,000-3.1%$61/sqft
        Source: DMMLS #738465 Report a problem
        4/15/2026Listed for sale$159,900-0.1%$63/sqft
        Source: DMMLS #738465 Report a problem
        12/11/2025Listing removed$160,000$63/sqft
        Source: DMMLS #730718 Report a problem
        11/5/2025Price change$160,000-5.3%$63/sqft
        Source: DMMLS #724634 Report a problem
        10/23/2025Price change$169,000-5.6%$66/sqft
        Source: DMMLS #724634 Report a problem
        10/9/2025Price change$179,000-3.2%$70/sqft
        Source: DMMLS #724634 Report a problem
        9/29/2025Listed for sale$185,000$73/sqft
        Source: DMMLS #724634 Report a problem
        9/22/2025Pending sale$185,000$73/sqft
        Source: DMMLS #724634 Report a problem
        9/3/2025Price change$185,000-7.5%$73/sqft
        Source: DMMLS #724634 Report a problem
        8/20/2025Listed for sale$200,000+17.6%$79/sqft
        Source: DMMLS #724634 Report a problem
        9/7/2022Sold$170,000$67/sqft
        Source: DMMLS #653422 Report a problem
        7/31/2022Pending sale$170,000$67/sqft
        Source: DMMLS #653422 Report a problem
        7/25/2022Price change$170,000-2.9%$67/sqft
        Source: DMMLS #653422 Report a problem
        7/13/2022Price change$175,000-2.7%$69/sqft
        Source: DMMLS #653422 Report a problem
        6/27/2022Price change$179,900-2.8%$71/sqft
        Source: DMMLS #653422 Report a problem
        6/15/2022Price change$185,000-5.1%$73/sqft
        Source: DMMLS #653422 Report a problem
        6/3/2022Listed for sale$195,000+33.6%$77/sqft
        Source: DMMLS #653422 Report a problem
        3/9/2021Sold$146,000-2.7%$57/sqft
        Source: DMMLS #621220 Report a problem
        1/29/2021Pending sale$150,000$59/sqft
        Source: RE/MAX Concepts #621220 Report a problem
        1/25/2021Listed for sale$150,000+32.5%$59/sqft
        Source: RE/MAX Concepts #621220 Report a problem
        8/16/2018Sold$113,200-9.4%$44/sqft
        Source: DMMLS #562322 Report a problem
        7/21/2018Pending sale$124,900+149.8%$49/sqft
        Source: Coluzzi Real Estate #562322 Report a problem
        2/25/2016Sold$50,000$20/sqft
        Source: Public Record Report a problem
        12/11/2014Sold$50,000+900%$20/sqft
        Source: Public Record Report a problem
        12/18/2012Sold$5,000-67.7%$2/sqft
        Source: Public Record Report a problem
        1/4/2010Sold$15,500-76.2%$6/sqft
        Source: Public Record Report a problem
        7/30/2009Sold$65,000$26/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,468 +2.1%$143,600 +16.8%
        2024$2,418 +17.3%$122,900
        2023$2,062 +0.8%$122,900 +40.5%
        2022$2,046 +5%$87,500
        2021$1,948 -3.8%$87,500 +12%
        2020$2,024 +52.9%$78,100
        2019$1,324 +0.9%$78,100 +58.4%
        2018$1,312 $49,300
        2017$1,312 +19.9%$49,300 +18.8%
        2016$1,094 $41,500
        2015$1,094 +7.9%$41,500 +4.8%
        2014$1,014 $39,600
        2013-- $39,600 -15.7%
        2012-- $47,000
        2011-- $47,000 +70.3%
        2010-- $27,600 -58.3%
        2009-- $66,200 +4.3%
        2008-- $63,500
        2007-- $63,500 +0.2%
        2006-- $63,400
        2005-- $63,400 +84.4%
        2003-- $34,380 +25.1%
        2002-- $27,490
        2001-- $27,490
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: King Irving

        Getting around

        72 / 100
        Very Walkable
        41 / 100
        Some Transit
        50 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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