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.
For sale
$350,000
2618 E 9th St, Des Moines, IA 50316
--beds
1,321sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$265/sqft
$-- HOA
What's special
Two-story building
- 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#: 750289
Originating 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
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $350,000$265/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: Union Park
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.



