Just blocks from the Drake University campus, this property, with 5 distinct units, offers multiple streams of revenue and a high cap rate potential in one of Des Moines’ most resilient rental markets.
For sale
$225,000
2303 Carpenter Ave, Des Moines, IA 50311
1beds
--baths
2,734sqft
Multi Family
Built in 1907
-- sqft lot
$-- Zestimate®
$82/sqft
$-- HOA
What's special
- 312 days
- 64
- 1
Zillow last checked:
Listing updated:
Listed by:
Mike Reagan (515)577-8142,
RE/MAX Concepts
Source: DMMLS,MLS#: 729166
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
Heating
- Forced Air, Gas
Cooling
- See Remarks
Features
- Flooring: Tile
- Basement: Unfinished
Interior area
- Total structure area: 2,734
- Total interior livable area: 2,734 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,577 Square Feet
- Dimensions: 62 x 106.4
Details
- Parcel number: 08006842000000
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Frame
Condition
- Year built: 1907
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: $82/sqft
- Tax assessed value: $256,000
- Annual tax amount: $290
- Date on market: 10/27/2025
- Cumulative days on market: 313 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas, Insurance, Water
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,021/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Price change | $225,000-4.3%$82/sqft |
Source:  DMMLS #729166 Report a problem | ||
| 10/27/2025 | Listed for sale | $235,000$86/sqft |
Source: DMMLS #729166 Report a problem | ||
| 4/5/2024 | Sold | $235,000-6%$86/sqft |
Source: DMMLS #662167 Report a problem | ||
| 3/1/2024 | Pending sale | $249,900$91/sqft |
Source: DMMLS #662167 Report a problem | ||
| 1/29/2024 | Price change | $249,900-9.1%$91/sqft |
Source: DMMLS #662167 Report a problem | ||
| 10/5/2023 | Price change | $275,000+3.8%$101/sqft |
Source:  RE/MAX Central #662167 Report a problem | ||
| 1/31/2023 | Price change | $265,000-3.6%$97/sqft |
Source: DMMLS #662167 Report a problem | ||
| 10/17/2022 | Listed for sale | $275,000+27.9%$101/sqft |
Source: DMMLS #662167 Report a problem | ||
| 3/22/2021 | Sold | $215,000-4.4%$79/sqft |
Source: DMMLS #621238 Report a problem | ||
| 2/11/2021 | Pending sale | $225,000$82/sqft |
Source: RE/MAX Precision #621238 Report a problem | ||
| 1/26/2021 | Listed for sale | $225,000+125%$82/sqft |
Source: RE/MAX Precision #621238 Report a problem | ||
| 1/20/2015 | Sold | $100,000$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,758 -3.9% | $256,000 +8% |
| 2024 | $4,953 +8.9% | $237,000 |
| 2023 | $4,548 -14.4% | $237,000 +22.8% |
| 2022 | $5,316 +12.7% | $193,000 |
| 2021 | $4,718 -11% | $193,000 +22.2% |
| 2020 | $5,300 +14.2% | $158,000 |
| 2019 | $4,640 -6% | $158,000 +20.6% |
| 2018 | $4,934 | $131,000 |
| 2017 | $4,934 +2.3% | $131,000 +11% |
| 2016 | $4,822 | $118,000 |
| 2015 | $4,822 +2.7% | $118,000 +12.4% |
| 2014 | $4,696 | $105,000 |
| 2013 | -- | $105,000 |
| 2012 | -- | $105,000 |
| 2011 | -- | $105,000 -11.4% |
| 2010 | -- | $118,500 |
| 2009 | -- | $118,500 |
| 2008 | -- | $118,500 |
| 2007 | -- | $118,500 |
| 2006 | -- | $118,500 +24.9% |
| 2005 | -- | $94,900 +12% |
| 2003 | -- | $84,700 +24.9% |
| 2002 | -- | $67,820 |
| 2001 | -- | $67,820 |
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.Climate risks
Neighborhood: Carpenter
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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