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.
For sale
Price cut: $11K (6/2)
$199,000
1987 & 1989 SW 1st St, Des Moines, IA 50315
3beds
1,436sqft
Multi Family
Built in 1910
-- sqft lot
$195,000 Zestimate®
$139/sqft
$-- HOA
What's special
Separate living spaces
- 123 days
- 187
- 9
Zillow last checked:
Listing updated:
Listed by:
Darson Grantham (641)745-0156,
Keller Williams Realty GDM
Source: DMMLS,MLS#: 738867
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & 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: 124 days
- Listing terms: Cash,Conventional
Estimated market value
$195,000
$185,000 - $205,000
$1,170/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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Indianola Hills
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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