Don't miss this outstanding income-producing investment opportunity featuring 5 bedrooms, 2 bathrooms, a separate
lot, and exceptional parking amenities.
This well-maintained property is tenant occupied with a lease in place through
July 2027, generating $2,500 per month in rental income, making it an ideal turnkey addition to your investment
portfolio.
The home underwent a complete interior remodel in 2023, including all new windows, creating an updated, modern
living space while minimizing future maintenance. The roof is less than 10 years old, and the seller reports no known
issues, offering added confidence for the next owner.
An added bonus is 2705 College Ave, which includes a detached one-car garage along with surface parking for tenants of
both 2703 and 2707, providing valuable off-street parking rarely found in the area.
Whether you're a seasoned investor or looking to begin building your real estate portfolio, this property delivers
immediate cash flow with long-term stability.
For sale
$225,000
2703 College Ave, Des Moines, IA 50311
5beds
1,110sqft
Single Family Residence, Residential
Built in 1927
6,969 Square Feet Lot
$218,500 Zestimate®
$203/sqft
$-- HOA
What's special
All new windowsDetached one-car garageSurface parking for tenants
- 2 days |
- 155 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Lora Ahrens Olerich 515-432-8872,
Heartland Realty,
Cassidy Frank 515-432-8872,
Heartland Realty
Source: CIBR,MLS#: 70708
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Ceiling Fan(s)
- Flooring: Luxury Vinyl, Carpet
- Basement: Full,Sump Pump
Interior area
- Total structure area: 1,110
- Total interior livable area: 1,110 sqft
- Finished area above ground: 822
- Finished area below ground: 635
Property
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 135
Details
- Parcel number: 080/06424000000
- Zoning: Res
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Brick/Mortar
Condition
- Year built: 1927
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: $203/sqft
- Tax assessed value: $179,300
- Annual tax amount: $3,166
- Date on market: 7/11/2026
Estimated market value
$218,500
$208,000 - $229,000
$1,645/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2026 | Listed for sale | $225,000+82.9%$203/sqft |
Source:  CIBR #70708 Report a problem | ||
| 12/29/2022 | Sold | $123,000-12.1%$111/sqft |
Source:  DMMLS #661479 Report a problem | ||
| 12/12/2022 | Pending sale | $139,900$126/sqft |
Source: DMMLS #661479 Report a problem | ||
| 11/7/2022 | Listed for sale | $139,900$126/sqft |
Source: DMMLS #661479 Report a problem | ||
| 10/10/2022 | Pending sale | $139,900$126/sqft |
Source: DMMLS #661479 Report a problem | ||
| 10/6/2022 | Listed for sale | $139,900+39.9%$126/sqft |
Source: DMMLS #661479 Report a problem | ||
| 8/24/2022 | Sold | $100,000$90/sqft |
Source: DMMLS #655933 Report a problem | ||
| 7/9/2022 | Pending sale | $100,000$90/sqft |
Source: DMMLS #655933 Report a problem | ||
| 7/9/2022 | Listed for sale | $100,000+44.9%$90/sqft |
Source: DMMLS #655933 Report a problem | ||
| 11/12/2015 | Listing removed | $69,000$62/sqft |
Source: Coldwell Banker Mid-America Group, Realtors #506655 Report a problem | ||
| 10/23/2015 | Listed for sale | $69,000+7%$62/sqft |
Source: Coldwell Banker Mid-America Group, Realtors #506655 Report a problem | ||
| 11/26/2003 | Sold | $64,500+14.2%$58/sqft |
Source: Public Record Report a problem | ||
| 10/18/2001 | Sold | $56,500$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,166 +2.1% | $179,300 +13.7% |
| 2024 | $3,102 +2.9% | $157,700 |
| 2023 | $3,016 +0.7% | $157,700 +23.2% |
| 2022 | $2,994 +6.2% | $128,000 |
| 2021 | $2,820 +8.2% | $128,000 +13.3% |
| 2020 | $2,606 +9.6% | $113,000 +12.4% |
| 2019 | $2,378 +1% | $100,500 +13.6% |
| 2018 | $2,354 | $88,500 |
| 2017 | $2,354 +0.6% | $88,500 -0.3% |
| 2016 | $2,340 | $88,800 |
| 2015 | $2,340 +14.5% | $88,800 +11.3% |
| 2014 | $2,044 | $79,800 |
| 2013 | -- | $79,800 -0.9% |
| 2012 | -- | $80,500 |
| 2011 | -- | $80,500 -2.7% |
| 2010 | -- | $82,700 |
| 2009 | -- | $82,700 |
| 2008 | -- | $82,700 |
| 2007 | -- | $82,700 +12.1% |
| 2006 | -- | $73,800 |
| 2005 | -- | $73,800 +10.7% |
| 2003 | -- | $66,650 +12.9% |
| 2002 | -- | $59,060 |
| 2001 | -- | $59,060 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Drake
Nearby schools
GreatSchools rating
- 6/10Perkins Elementary SchoolGrades: K-5Distance: 1.2 mi
- 3/10Meredith Middle SchoolGrades: 6-8Distance: 2.3 mi
- 2/10Hoover High SchoolGrades: 9-12Distance: 2.4 mi
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