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For sale
  • $350,000

    2618 E 9th St, Des Moines, IA 50316

    --beds
    1,321sqft
    : 
    $2,683/mo
    Get pre-qualified
    Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $265/sqft
    $-- HOA

    What's special

    Two-story building
    INVESTMENT OPPORTUNITY! Unique income-producing package featuring four addresses across two parcels, offering a mix of residential, office, and rental space. All four addresses currently have tenants in place, providing an opportunity for an investor to acquire an established multi-property rental package. The package includes a single-family residence at 2618 E 9th St. office space at 2620 E 9th, and a two-story building addressed as 2622 E 9th and 831 Morton Ave. The two-story building features one rental unit on the main level and one rental unit on the upper level. The combination of residential, office, and multi-unit space provides a diverse mix of uses within one investment package. All four addresses are being sold together and will not be sold individually. Utilities: 2618 E 9th St. is tenant-paid for all utilities. At the other three properties, tenants pay their own utilities; owner pays electric and water for common areas. Buyer to verify all information, including rental terms, leases, expenses, zoning, and property details.
    11 days
    118
    11

    Zillow last checked:

    Listing updated:

    Listed by:

    Joseph Webb (262)391-9319,

    LPT Realty, LLC,

    Kyle Clarkson 515-554-2249,

    LPT Realty, LLC

    Source: DMMLS,MLS#: 750289MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced Air, Gas
      Cooling
      • Central Air
      Interior area
      • Total structure area: 1,321
      • Total interior livable area: 1,321 sqft

      Property

      Features
      • Levels: One and One Half
      • Stories: 1.5
      Lot
      • Size: 4,094 Square Feet
      • Dimensions: 41 x 100
      • Features: Rectangular Lot
      Details
      • Parcel number: 11003039000000
      • Zoning: N5

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: One and One Half Story
      • Property subtype: Multi Family
      Materials
      • Foundation: Brick/Mortar
      Condition
      • Year built: 1910

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • 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: $265/sqft
      • Tax assessed value: $119,100
      • Annual tax amount: $2,244
      • Date on market: 10/1/2026
      • Listing terms: Cash,Conventional
      • Tenant pays: Electricity, Gas, Water
      • Electric utility on property: Yes
      • Road surface type: Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/1/2026Listed for sale$350,000$265/sqft
        Source: DMMLS #750289 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,058 +2.1%$119,100 +16.2%
        2024$2,016 +6.8%$102,500
        2023$1,888 +0.7%$102,500 +28%
        2022$1,874 +7.6%$80,100
        2021$1,742 -3.8%$80,100 +14.8%
        2020$1,810 +7.4%$69,800
        2019$1,686 +1.1%$69,800 +11.3%
        2018$1,668 $62,700
        2017$1,668 +11.8%$62,700 +10.8%
        2016$1,492 $56,600
        2015$1,492 +16.9%$56,600 +13.7%
        2014$1,276 $49,800
        2013-- $49,800 -17.4%
        2012-- $60,300
        2011-- $60,300 -14%
        2010-- $70,100
        2009-- $70,100 +6.2%
        2008-- $66,000
        2007-- $66,000 +108.2%
        2006-- $31,700
        2005-- $31,700 +10.2%
        2003-- $28,770 +12.7%
        2002-- $25,520
        2001-- $25,520
        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Union Park

        Getting around

        54 / 100
        Somewhat Walkable
        29 / 100
        Some Transit
        40 / 100
        Somewhat Bikeable

        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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