Pending

$190,000

1438 33rd St, Des Moines, IA 50311

2beds

1,951sqft

$1,430/mo

Get pre-qualified

Multi Family

Built in 1910

-- sqft lot

$-- Zestimate^®

$97/sqft

$-- HOA

What's special

Town efficiency units

Investor opportunity near Drake University! This 4-unit property offers two 1-bedroom apartments and town efficiency units, all currently vacant and ready for a new owner to lease, improve, and manage their way. The property is functional and rentable as-is, with opportunity to increase value through updates and stronger rent performance over time. Tenants pay their own utilities with the owner responsible for water only. No garage. Convenient location near Drake, downtown Des Moines, shopping, dinning, transit, and major commuting routes. Weather you are looking to add doors to your portfolio or take on a value-add multifamily project, this property offers a compelling entry point at $190,000.

8 days
40
1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 4
Full bathrooms: 4

Heating

Electric

Features

Basement: Unfinished

Interior area

Total structure area: 1,951
Total interior livable area: 1,951 sqft

Property

Features

Levels: Two
Stories: 2

Lot

Size: 6,795 Square Feet
Dimensions: 50 x 136

Details

Parcel number: 10009612001000
Zoning: R1-60

Construction

Type & style

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

Materials

Wood Siding
Foundation: Block

Condition

Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Water Available

Community & HOA

HOA

Has HOA: No

Location

Region: Des Moines

Financial & listing details

Price per square foot: $97/sqft
Tax assessed value: $150,000
Annual tax amount: $2,827
Date on market: 8/27/2026
Cumulative days on market: 15 days
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/2/2026	Pending sale	$190,000$97/sqft
Source: DMMLS #748077 Report a problem
8/26/2026	Listed for sale	$190,000+65.4%$97/sqft
Source: DMMLS #747940 Report a problem
6/30/2017	Sold	$114,900+210.5%$59/sqft
Source: DMMLS #540286 Report a problem
10/2/1997	Sold	$37,000$19/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,790 +2%	$150,000 +7.9%
2024	$2,734 +2.6%	$139,000
2023	$2,664 -14.4%	$139,000 +23%
2022	$3,112 +12.4%	$113,000
2021	$2,768 -11%	$113,000 +21.9%
2020	$3,110 +14.1%	$92,700
2019	$2,726 -6%	$92,700 +20.4%
2018	$2,900	$77,000
2017	$2,900 +2.1%	$77,000 +10.8%
2016	$2,840	$69,500
2015	$2,840 +2.5%	$69,500 +12.1%
2014	$2,772	$62,000
2013	--	$62,000
2012	--	$62,000
2011	--	$62,000 -11.3%
2010	--	$69,900
2009	--	$69,900
2008	--	$69,900
2007	--	$69,900
2006	--	$69,900 +25%
2005	--	$55,900 +15%
2003	--	$48,600 +40.1%
2002	--	$34,700
2001	--	$34,700