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Off market
  • $193,900

    1515 Martin Luther King Jr Pkwy, Des Moines, IA 50314

    5beds
    4,142sqft
    MultiFamily
    Built in 1904
    -- sqft lot
    $193,900 Zestimate®
    $47/sqft
    $1,229 Estimated rent

    Home value

    $193,900

    $151,000 - $237,000

    $1,229/mo

    Zestimate® history
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    Owner options

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    $1,229/mo

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    $1,229/mo

    Rent Zestimate®

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    $1,064/mo

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    $1,064/mo

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    What's special

    Calling all investors!!!! You can do this! Great potential! Complete renovation needed. Side by side duplex. Unit one had a original two-story layout 2008 living sq ft w/ 4 BR and 2 BA, kit and living room. Unit two had a original story 1/2 layout 701 living sq ft w/ 2 BR, 1 BA, kit and living room. Shared basement 1124 sq ft. Second structure on needs removed. Separate meters for gas and elec tenant pays all utilities except water & trash. Landlord pay water and trash and insurance and yard maintenance. This is a perfect project for this winter. Here is your chance to buy low and build equity. Here is your chance to. own a income producing property in one of the cities up and coming markets.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • None, Other
    Cooling
    • None
    Features
    • Flooring: Hardwood
    • Basement: Unfinished
    • Has fireplace: No
    Interior area
    • Total interior livable area: 4,142 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,013 Square Feet
    Details
    • Parcel number: 08007762000000

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Foundation: Concrete
    • Roof: Asphalt
    Condition
    • Year built: 1904

    Community & HOA

    Location
    • Region: Des Moines

    Financial & listing details

    • Price per square foot: $47/sqft
    • Tax assessed value: $140,500
    • Annual tax amount: $2,418

    Price history

    DateEventPrice
    3/24/2021Listing removed--
    Source: Owner Report a problem
    1/15/2019Listing removed$35,000$8/sqft
    Source: Owner Report a problem
    1/5/2019Listed for sale$35,000-12.3%$8/sqft
    Source: Owner Report a problem
    6/1/2018Listing removed$39,900$10/sqft
    Source: RE/MAX Concepts #551157 Report a problem
    11/15/2017Listed for sale$39,900+59.6%$10/sqft
    Source: RE/MAX Concepts #551157 Report a problem
    3/12/2015Listing removed$25,000$6/sqft
    Source: Iowa Realty Co., Inc. #447748 Report a problem
    1/24/2015Listed for sale$25,000-71.4%$6/sqft
    Source: Iowa Realty Co., Inc. #447748 Report a problem
    2/22/2006Sold$87,500$21/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,418 +2.1%$140,500 +16.7%
    2024$2,368 +14.8%$120,400
    2023$2,062 +0.8%$120,400 +37.6%
    2022$2,046 +6.2%$87,500
    2021$1,926 +175.9%$87,500 +13.3%
    2020$698 -65.5%$77,200 +187%
    2019$2,026 +125.8%$26,900 +11.2%
    2018$897 +39.3%$24,200
    2017$644 +0.3%$24,200 -0.8%
    2016$642 $24,400
    2015$642 -74.1%$24,400 -52%
    2014$2,478 $50,800
    2013-- $50,800 -15.8%
    2011-- $60,300 +3.4%
    2009-- $58,300 +4.1%
    2008-- $56,000
    2007-- $56,000 +4.1%
    2006-- $53,800
    2005-- $53,800 +24.5%
    2003-- $43,210 +15.2%
    2002-- $37,520
    2001-- $37,520
    Find assessor info on the county website

    Neighborhood: King Irving

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Des Moines Independent

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $193,900
    2% more
    +$3,878
    With Zillow Showcase(estimated)
    $197,778