Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.
For sale
$199,000
1527 Forest Ave, Des Moines, IA 50314
4beds
3,729sqft
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$53/sqft
$-- HOA
What's special
Functional layoutsWell-sized bedroomsCorner lotVery big units
- 123 days
- 279
- 17
Zillow last checked:
Listing updated:
Listed by:
Adam Metzker (515)240-6535,
515 Rentals & Sales LLC
Source: DMMLS,MLS#: 737839
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Interior area
- Total structure area: 3,729
- Total interior livable area: 3,729 sqft
Property
Lot
- Size: 4,268 Square Feet
- Dimensions: 50 x 85
Details
- Parcel number: 08003839000000
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1924
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: $53/sqft
- Tax assessed value: $175,200
- Annual tax amount: $3,300
- Date on market: 5/4/2026
- Listing terms: Assumable,Cash,Conventional,FHA,See Remarks,VA Loan
- Tenant pays: Electricity, Gas, Insurance, Water
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,235/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Listed for sale | $199,000-18.4%$53/sqft |
Source:  DMMLS #737839 Report a problem | ||
| 10/13/2025 | Listing removed | $244,000$65/sqft |
Source: DMMLS #716534 Report a problem | ||
| 7/29/2025 | Price change | $244,000-2%$65/sqft |
Source: DMMLS #716534 Report a problem | ||
| 5/12/2025 | Listed for sale | $249,000-0.4%$67/sqft |
Source: DMMLS #716534 Report a problem | ||
| 1/30/2025 | Listing removed | $250,000$67/sqft |
Source: DMMLS #707458 Report a problem | ||
| 11/11/2024 | Listed for sale | $250,000$67/sqft |
Source: DMMLS #707458 Report a problem | ||
| 9/30/2024 | Listing removed | $250,000$67/sqft |
Source: DMMLS #704838 Report a problem | ||
| 9/27/2024 | Listed for sale | $250,000+19%$67/sqft |
Source: DMMLS #704838 Report a problem | ||
| 8/22/2024 | Listing removed | -- |
Source: DMMLS #687567 Report a problem | ||
| 6/24/2024 | Listed for sale | $210,000$56/sqft |
Source: DMMLS #687567 Report a problem | ||
| 3/20/2024 | Listing removed | -- |
Source: DMMLS #687567 Report a problem | ||
| 2/19/2024 | Pending sale | $210,000$56/sqft |
Source: DMMLS #687567 Report a problem | ||
| 1/11/2024 | Listed for sale | $210,000+303.8%$56/sqft |
Source: DMMLS #687567 Report a problem | ||
| 5/21/2018 | Sold | $52,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,064 -10.3% | $175,200 +14.8% |
| 2024 | $3,415 +12.5% | $152,600 |
| 2023 | $3,035 +15.6% | $152,600 +35.9% |
| 2022 | $2,626 +4.6% | $112,300 |
| 2021 | $2,510 -3.8% | $112,300 +11.6% |
| 2020 | $2,608 +61.2% | $100,600 |
| 2019 | $1,618 +1% | $100,600 +67.1% |
| 2018 | $1,602 | $60,200 |
| 2017 | $1,602 +0.1% | $60,200 -0.8% |
| 2016 | $1,600 | $60,700 |
| 2015 | $1,600 +14% | $60,700 +15% |
| 2014 | $1,403 | $52,800 |
| 2013 | -- | $52,800 -18% |
| 2012 | -- | $64,400 -2.6% |
| 2011 | -- | $66,100 -14.6% |
| 2010 | -- | $77,400 |
| 2009 | -- | $77,400 +4.2% |
| 2008 | -- | $74,300 |
| 2007 | -- | $74,300 +9.4% |
| 2006 | -- | $67,900 |
| 2005 | -- | $67,900 +13.2% |
| 2003 | -- | $59,980 +46.5% |
| 2002 | -- | $40,940 |
| 2001 | -- | $40,940 |
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.Climate risks
Neighborhood: King Irving
Nearby schools
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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