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For sale
    • $199,000

    1527 Forest Ave, Des Moines, IA 50314

    4beds
    3,729sqft
    : 
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    Multi Family
    Built in 1924
    -- sqft lot
    $182,100 Zestimate®
    $53/sqft
    $-- HOA

    What's special

    Functional layoutsWell-sized bedroomsCorner lotVery big units
    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.
    71 days
    |
    304
    |
    25
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Adam Metzker (515)240-6535,

    515 Rentals & Sales LLC

    Source: DMMLS,MLS#: 737839MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

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      Facts & 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

        $182,100

        $173,000 - $191,000

        $1,312/mo

        Price history

        DateEventPrice
        5/4/2026Listed for sale$199,000-18.4%$53/sqft
        Source: DMMLS #737839 Report a problem
        10/13/2025Listing removed$244,000$65/sqft
        Source: DMMLS #716534 Report a problem
        7/29/2025Price change$244,000-2%$65/sqft
        Source: DMMLS #716534 Report a problem
        5/12/2025Listed for sale$249,000-0.4%$67/sqft
        Source: DMMLS #716534 Report a problem
        1/30/2025Listing removed$250,000$67/sqft
        Source: DMMLS #707458 Report a problem
        11/11/2024Listed for sale$250,000$67/sqft
        Source: DMMLS #707458 Report a problem
        9/30/2024Listing removed$250,000$67/sqft
        Source: DMMLS #704838 Report a problem
        9/27/2024Listed for sale$250,000+19%$67/sqft
        Source: DMMLS #704838 Report a problem
        8/22/2024Listing removed--
        Source: DMMLS #687567 Report a problem
        6/24/2024Listed for sale$210,000$56/sqft
        Source: DMMLS #687567 Report a problem
        3/20/2024Listing removed--
        Source: DMMLS #687567 Report a problem
        2/19/2024Pending sale$210,000$56/sqft
        Source: DMMLS #687567 Report a problem
        1/11/2024Listed for sale$210,000+303.8%$56/sqft
        Source: DMMLS #687567 Report a problem
        5/21/2018Sold$52,000$14/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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.
        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

        65 / 100
        Somewhat Walkable
        44 / 100
        Some Transit
        52 / 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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