For sale

Price cut: $11K (6/2)

$199,000

1987 & 1989 SW 1st St, Des Moines, IA 50315

3beds

1,436sqft

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Multi Family

Built in 1910

-- sqft lot

$195,600 Zestimate^®

$139/sqft

$-- HOA

What's special

Separate living spaces

Two homes on one lot—ideal investment or house hack opportunity! Property includes 1987 & 1989 SW 1st St. 1987 is a 1.5 story featuring 2 bedrooms, 1 bath, and is currently vacant—move-in or rent-ready for immediate occupancy (currently being advertised for rent at $1,100). 1989 offers 1 bedroom, 1 bath and is currently tenant occupied, providing instant rental income (current rent is $850). Separate living spaces allow flexibility for owner-occupants or investors looking to maximize cash flow. Convenient location with easy access to downtown, major roads, and amenities. Great opportunity to live in one unit while the other helps offset your mortgage or add to your portfolio with a turnkey income-producing property.

78 days

235

11

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Gas, Natural Gas

Features

Basement: Unfinished

Interior area

Total structure area: 1,436
Total interior livable area: 1,436 sqft

Property

Features

Levels: One and One Half
Stories: 1.5

Lot

Size: 8,581 Square Feet
Dimensions: 52 x 165

Details

Parcel number: 02002923000000
Zoning: N5

Construction

Type & style

Home type: MultiFamily
Architectural style: Bungalow,One and One Half Story
Property subtype: Multi Family

Materials

Roof: Asphalt,Shingle

Condition

Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Des Moines

Financial & listing details

Price per square foot: $139/sqft
Annual tax amount: $2,701
Date on market: 4/29/2026
Cumulative days on market: 78 days
Listing terms: Cash,Conventional

Estimated market value

$195,600

$186,000 - $205,000

$1,203/mo

Price history

Date	Event	Price
6/2/2026	Price change	$199,000-5.2%$139/sqft
Source: DMMLS #738867 Report a problem
4/29/2026	Listed for sale	$210,000+176.3%$146/sqft
Source: DMMLS #738867 Report a problem
12/15/2018	Sold	$76,000$53/sqft
Source: DMMLS #567905 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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