Rare investment opportunity grossing $4,140 per month in the highly desirable Kingman neighborhood of Des Moines. A 5 unit property with assigned off street parking for each unit. Additionally there is a detached car garage for further potential rental income. The units have been well updated, including 200 amp service metered to each unit, fresh paint, carpet, and the majority of the hardwood flooring being refinished. Current rental rates are: Unit 1 (occupied 8/01) $1200. Unit 2 (occupied) $815 Unit 3 (Occupied) $695. Unit 4 (occupied) $835. Unit 5 (occupied) $595. This is a perfect combination of a well maintained and highly marketable rental property that still has room for future revenue enhancing improvements.
For sale
$385,000
2931 Kingman Blvd, Des Moines, IA 50311
6beds
3,367sqft
:
Get pre-qualified$2,768/mo
Multi Family
Built in 1909
-- sqft lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
Fresh paintDetached car garage
- 77 days |
- 363 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Meghan O'Brien (515)554-5312,
Realty ONE Group Impact,
Adam Steger 515-564-9852,
Realty ONE Group Impact
Source: DMMLS,MLS#: 740269
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced Air, Gas, Natural Gas
Appliances
- Included: Refrigerator
Features
- Basement: Unfinished
Interior area
- Total structure area: 3,367
- Total interior livable area: 3,367 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Two Car Garage
- Garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 0.26 Acres
- Dimensions: .258
Details
- Parcel number: 09003767000000
- Zoning: R1-60
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Three Story
- Property subtype: Multi Family
Materials
- See Remarks
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1909
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: $114/sqft
- Tax assessed value: $275,000
- Annual tax amount: $5,120
- Date on market: 5/7/2026
- Cumulative days on market: 78 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- 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 |
|---|---|---|
| 5/7/2026 | Listed for sale | $385,000+71.1%$114/sqft |
Source:  DMMLS #740269 Report a problem | ||
| 2/6/2020 | Sold | $225,000-10%$67/sqft |
Source: DMMLS #592737 Report a problem | ||
| 1/13/2020 | Pending sale | $250,000$74/sqft |
Source: Iowa Realty #592737 Report a problem | ||
| 12/26/2019 | Price change | $250,000-9.1%$74/sqft |
Source: Iowa Realty #592737 Report a problem | ||
| 10/30/2019 | Listed for sale | $275,000-8%$82/sqft |
Source: Iowa Realty #592737 Report a problem | ||
| 7/30/2019 | Listing removed | $299,000$89/sqft |
Source: RE/MAX Precision #580675 Report a problem | ||
| 6/6/2019 | Price change | $299,000-3.2%$89/sqft |
Source: RE/MAX Precision #580675 Report a problem | ||
| 5/21/2019 | Price change | $309,000-6.3%$92/sqft |
Source: RE/MAX Precision #580675 Report a problem | ||
| 4/26/2019 | Listed for sale | $329,900+199.9%$98/sqft |
Source: RE/MAX Precision #580675 Report a problem | ||
| 9/4/2012 | Sold | $110,000+22.9%$33/sqft |
Source: DMMLS #398175 Report a problem | ||
| 8/7/2002 | Sold | $89,500$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,120 +2.1% | $275,000 +7.8% |
| 2024 | $5,016 +2.8% | $255,000 |
| 2023 | $4,878 -14.5% | $255,000 +23.2% |
| 2022 | $5,702 +12.3% | $207,000 |
| 2021 | $5,076 -11% | $207,000 +21.8% |
| 2020 | $5,702 +14.2% | $170,000 |
| 2019 | $4,994 -6% | $170,000 +20.6% |
| 2018 | $5,310 | $141,000 |
| 2017 | $5,310 +2.3% | $141,000 +11% |
| 2016 | $5,190 | $127,000 |
| 2015 | $5,190 +2.7% | $127,000 +12.4% |
| 2014 | $5,052 | $113,000 |
| 2013 | -- | $113,000 |
| 2012 | -- | $113,000 |
| 2011 | -- | $113,000 -10.7% |
| 2010 | -- | $126,500 |
| 2009 | -- | $126,500 |
| 2008 | -- | $126,500 |
| 2007 | -- | $126,500 |
| 2006 | -- | $126,500 +25.2% |
| 2005 | -- | $101,000 +10.7% |
| 2003 | -- | $91,200 +40% |
| 2002 | -- | $65,160 |
| 2001 | -- | $65,160 |
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: Drake
Nearby schools
GreatSchools rating
- 4/10Hubbell Elementary SchoolGrades: K-5Distance: 0.9 mi
- 2/10Callanan Middle SchoolGrades: 6-8Distance: 0.4 mi
- 5/10Roosevelt High SchoolGrades: 9-12Distance: 1.2 mi
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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