Value-Add Triplex Conversion Opportunity
This property is currently used as a single-family home, but it presents an excellent value-add opportunity for conversion into a tri-plex. At present, the building does not have a rental certificate, making it ideal for an investor or developer ready to update, renovate, and bring it up to code while unlocking its full income potential.
With the right improvements, this property can be transformed into a profitable multi-unit rental, appealing to tenants seeking modern, comfortable living spaces. Its current layout and structure provide a strong foundation for maximizing rental income in a high-demand market.
This is a rare chance to convert a single-family property into a thriving investment asset, creating long-term value while taking advantage of a flexible redevelopment opportunity.
Sold for $128,750
$128,750
3215 7th St, Des Moines, IA 50313
4beds
2,881sqft
Single Family Residence
Built in 1896
6,490.44 Square Feet Lot
$128,900 Zestimate®
$45/sqft
$2,419 Estimated rent
Home value
$128,900
$122,000 - $135,000
$2,419/mo
Zestimate® history
Owner options
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$2,419/mo
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$2,419/mo
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$706/mo
Est. payment
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$706/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Benjamin Grotzke (515)745-0425,
LPT Realty, LLC
Bought with:
Jenna Scott
LPT Realty, LLC
Source: DMMLS,MLS#: 731394
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Heating
- Natural Gas, Radiant
Appliances
- Included: Microwave, Refrigerator, Stove
Features
- Flooring: Hardwood
- Basement: Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,881
- Total interior livable area: 2,881 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Two Car Garage
- Attached garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 6,490 sqft
- Dimensions: 50 x 130
Details
- Parcel number: 07002900000000
- Zoning: n5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Three Story
- Property subtype: Single Family Residence
Materials
- Foundation: Block, Poured
- Roof: Asphalt,Shingle
Condition
- Year built: 1896
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Sold | $128,750-11.1%$45/sqft |
Source:  DMMLS #731394 Report a problem | ||
| 3/25/2026 | Pending sale | $144,900$50/sqft |
Source: DMMLS #731394 Report a problem | ||
| 1/28/2026 | Price change | $144,900-3.3%$50/sqft |
Source: DMMLS #731394 Report a problem | ||
| 12/8/2025 | Listed for sale | $149,900+31.5%$52/sqft |
Source: DMMLS #731394 Report a problem | ||
| 7/14/2022 | Sold | $114,000-11.6%$40/sqft |
Source: DMMLS #647901 Report a problem | ||
| 5/12/2022 | Pending sale | $129,000$45/sqft |
Source: DMMLS #647901 Report a problem | ||
| 4/7/2022 | Listed for sale | $129,000$45/sqft |
Source: DMMLS #647901 Report a problem | ||
| 3/29/2022 | Pending sale | $129,000$45/sqft |
Source: DMMLS #647901 Report a problem | ||
| 3/23/2022 | Listed for sale | $129,000+375.4%$45/sqft |
Source: DMMLS #647901 Report a problem | ||
| 1/22/2009 | Sold | $27,133-81.3%$9/sqft |
Source: DMMLS #334141 Report a problem | ||
| 8/14/2008 | Sold | $145,008+77.9%$50/sqft |
Source: Public Record Report a problem | ||
| 5/30/2001 | Sold | $81,500-0.6%$28/sqft |
Source: Public Record Report a problem | ||
| 11/8/2000 | Sold | $82,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,490 +2.1% | $80,100 +8% |
| 2024 | $1,460 +2.7% | $74,200 |
| 2023 | $1,422 -14.4% | $74,200 +23.1% |
| 2022 | $1,662 +12.6% | $60,300 |
| 2021 | $1,476 -10.9% | $60,300 +22.1% |
| 2020 | $1,656 +14% | $49,400 |
| 2019 | $1,452 -6% | $49,400 +20.5% |
| 2018 | $1,544 | $41,000 |
| 2017 | $1,544 +2.1% | $41,000 +10.8% |
| 2016 | $1,512 | $37,000 |
| 2015 | $1,512 +2.4% | $37,000 +12.1% |
| 2014 | $1,476 | $33,000 |
| 2013 | -- | $33,000 |
| 2012 | -- | $33,000 |
| 2011 | -- | $33,000 -10.8% |
| 2010 | -- | $37,000 |
| 2009 | -- | $37,000 -73.2% |
| 2008 | -- | $138,000 |
| 2007 | -- | $138,000 |
| 2006 | -- | $138,000 +24.9% |
| 2005 | -- | $110,500 |
| 2003 | -- | $110,500 +39.7% |
| 2002 | -- | $79,100 |
| 2001 | -- | $79,100 |
Find assessor info on the county website
Neighborhood: Oak Park
Nearby schools
GreatSchools rating
- 3/10Oak Park Elementary SchoolGrades: K-5Distance: 0.5 mi
- 1/10Harding Middle SchoolGrades: 6-8Distance: 0.5 mi
- 2/10North High SchoolGrades: 9-12Distance: 0.5 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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$128,900
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$131,478
- Iowa
- Polk County
- Des Moines
- 50313
- Oak Park
- 3215 7th St
Nearby cities
Nearby neighborhoods
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