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Sold for $199,000
    • $199,000

    1642 E Grand Ave, Des Moines, IA 50316

    4beds
    1,768sqft
    Multi Family
    Built in 1882
    -- sqft lot
    $168,600 Zestimate®
    $113/sqft
    $1,247 Estimated rent

    Home value

    $168,600

    $135,000 - $202,000

    $1,247/mo

    Zestimate® history
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    What's special

    Great investor opportunity with this tri-plex in east Des Moines! This property is fully occupied with Units 1 and 2 bringing $850 per month and Unit 3 bringing $750 per month. Monthly costs are between $1600-$1800. Cash Flow is great if you're looking for a side hustle! Rental certificate in place. Open to creative financing.

    Zillow last checked:

    Listing updated:

    Listed by:

    Beth Cochran bethanycochranrealtor@gmail.com,

    Agency Iowa,

    Hannah Woods 239-641-0623,

    Agency Iowa

    Bought with:

    Beth Cochran

    Agency Iowa

    Source: DMMLS,MLS#: 722579MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air
    Appliances
    • Included: Refrigerator, Stove
    Features
    • Basement: Unfinished
    Interior area
    • Total structure area: 1,768
    • Total interior livable area: 1,768 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,270 Square Feet
    • Dimensions: 35 x 150
    • Features: Rectangular Lot
    Details
    • Parcel number: 04005480000000
    • Zoning: RX1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story
    • Property subtype: Multi Family
    Materials
    • Foundation: Brick/Mortar
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1882

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Water Available

    Community & HOA

    Community
    • Features: Laundry Facilities
    HOA
    • Has HOA: No
    Location
    • Region: Des Moines

    Financial & listing details

    • Price per square foot: $113/sqft
    • Tax assessed value: $141,000
    • Annual tax amount: $2,661
    • Date on market: 7/17/2025
    • Cumulative days on market: 62 days
    • Listing terms: Assumable,Cash,Conventional,Contract,VA Loan
    • Tenant pays: Water
    • Electric utility on property: Yes
    • Road surface type: Concrete

    Price history

    DateEventPrice
    10/31/2025Sold$199,000+4.8%$113/sqft
    Source: DMMLS #722579 Report a problem
    9/18/2025Pending sale$189,900$107/sqft
    Source: DMMLS #722579 Report a problem
    9/4/2025Price change$189,900-5%$107/sqft
    Source: DMMLS #722579 Report a problem
    7/17/2025Price change$199,999-4.8%$113/sqft
    Source: DMMLS #722579 Report a problem
    1/24/2025Pending sale$209,990$119/sqft
    Source: DMMLS #709899 Report a problem
    5/9/2024Price change$209,990-4.5%$119/sqft
    Source: DMMLS #692911 Report a problem
    4/9/2024Listed for sale$219,990+25%$124/sqft
    Source: DMMLS #692911 Report a problem
    3/1/2023Sold$176,000+0.6%$100/sqft
    Source: DMMLS #666120 Report a problem
    2/3/2023Pending sale$175,000$99/sqft
    Source: DMMLS #666120 Report a problem
    1/13/2023Listed for sale$175,000+105.9%$99/sqft
    Source: DMMLS #666120 Report a problem
    6/30/2021Sold$85,000$48/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,335 +15%$141,000 +36.6%
    2024$2,030 +8.1%$103,200
    2023$1,878 +0.8%$103,200 +29.5%
    2022$1,864 +7.4%$79,700
    2021$1,736 -3.8%$79,700 +14.5%
    2020$1,804 +14.8%$69,600
    2019$1,572 +1%$69,600 +19%
    2018$1,556 $58,500
    2017$1,556 +8.8%$58,500 +7.7%
    2016$1,430 $54,300
    2015$1,430 +5.9%$54,300 +3%
    2014$1,350 $52,700
    2013-- $52,700 -14.7%
    2012-- $61,800
    2011-- $61,800 +0.8%
    2010-- $61,300
    2009-- $61,300 -1%
    2008-- $61,900
    2007-- $61,900 +30.6%
    2006-- $47,400
    2005-- $47,400 +13%
    2003-- $41,940 +20.6%
    2002-- $34,780
    2001-- $34,780
    Find assessor info on the county website

    Neighborhood: Capitol East

    Nearby homes

    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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    $168,600
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    With Zillow Showcase(estimated)
    $171,972

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