Income-Producing 4-Unit Multi-Family in Des Moines! Ideally located just minutes from downtown Des Moines and steps from public transportation, this clean, well-maintained four-plex is a turnkey investment. The building offers two two-bedroom, one-bath units and two three-bedroom, one-bath units , all with a current rental certificate—an excellent opportunity for investors or live-in owners seeking steady income. The listing also includes the corner lot at 1602 16th Street , providing valuable outdoor space and off-street parking . Recent upgrades in 2025 feature fresh exterior paint and a newly sealed roof. Additional i mprovements include replacement windows, updated decking and stairs, new gutters, and upgraded furnaces , ensuring comfort and peace of mind. With a central location close to downtown amenities, transit, and major roadways, this property combines convenience with reliability. Don’t miss your chance to own a ready-made income property in the heart of Des Moines!
Sold for $250,000
$250,000
1604 16th St, Des Moines, IA 50314
10beds
3,264sqft
Multi Family, Apartment
Built in 1914
-- sqft lot
$298,100 Zestimate®
$77/sqft
$1,385 Estimated rent
Home value
$298,100
$247,000 - $349,000
$1,385/mo
Zestimate® history
Owner options
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$1,385/mo
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$1,783/mo
Est. payment
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$1,783/mo
Est. payment
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List your homeWhat's special
Off-street parkingReplacement windowsUpdated decking and stairsCorner lotNewly sealed roofFresh exterior paintNew gutters
Zillow last checked:
Listing updated:
Listed by:
Ryan Rivera (515)988-6609,
Zealty Home Advisors,
Angela Ousley 515-988-6609,
Zealty Home Advisors
Bought with:
Andy Algreen
Keller Williams Realty GDM
Source: DMMLS,MLS#: 724949
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Gas, Natural Gas
Cooling
- None
Features
- Flooring: Carpet, Vinyl
- Basement: Walk-Out Access
Interior area
- Total structure area: 3,264
- Total interior livable area: 3,264 sqft
- Finished area below ground: 400
Property
Lot
- Size: 5,357 sqft
- Dimensions: 50 x 107
Details
- Parcel number: 08004979000000
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Metal Siding
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Sold | $250,000+25%$77/sqft |
Source:  DMMLS #724949 Report a problem | ||
| 11/4/2025 | Pending sale | $200,000$61/sqft |
Source: DMMLS #724949 Report a problem | ||
| 8/26/2025 | Listed for sale | $200,000+1233.3%$61/sqft |
Source: DMMLS #724949 Report a problem | ||
| 1/25/2016 | Sold | $15,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,179 +1.7% | $98,600 +8% |
| 2024 | $2,143 +22.6% | $91,300 |
| 2023 | $1,748 -14.5% | $91,300 +23% |
| 2022 | $2,044 +12.6% | $74,200 |
| 2021 | $1,816 -11% | $74,200 +22% |
| 2020 | $2,040 +14.1% | $60,800 |
| 2019 | $1,788 -6% | $60,800 +20.4% |
| 2018 | $1,902 | $50,500 |
| 2017 | $1,902 +2.3% | $50,500 +11% |
| 2016 | $1,860 | $45,500 |
| 2015 | $1,860 +2.6% | $45,500 +12.3% |
| 2014 | $1,812 | $40,500 |
| 2013 | -- | $40,500 |
| 2012 | -- | $40,500 |
| 2011 | -- | $40,500 -10.8% |
| 2010 | -- | $45,400 |
| 2009 | -- | $45,400 |
| 2008 | -- | $45,400 |
| 2007 | -- | $45,400 |
| 2006 | -- | $45,400 +25.1% |
| 2005 | -- | $36,300 +17.9% |
| 2003 | -- | $30,800 +40.1% |
| 2002 | -- | $21,980 |
| 2001 | -- | $21,980 |
Find assessor info on the county website
Neighborhood: Mondamin Presidential
Nearby schools
GreatSchools rating
- 4/10King Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Meredith Middle SchoolGrades: 6-8Distance: 2.9 mi
- 2/10Hoover High SchoolGrades: 9-12Distance: 3 mi
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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