Income-Generating Duplex in Des Moines! This well-maintained duplex at 3416 1st St, Des Moines, IA, offers an excellent investment opportunity. Each unit features two spacious bedrooms, updated kitchens, modern bathrooms, and generous living areas, ensuring comfort for the tenants. The property is conveniently located in a quiet and friendly neighborhood, close to schools, shopping centers, and public transportation.
The duplex comes with reliable tenants already in place, providing a steady rental income. The landlord’s only expense is water making it a low-maintenance investment. Additionally, the property offers ample parking space and the potential for rent increases, enhancing its long-term value.
This duplex is perfect for investors looking for a hassle-free rental property with consistent cash flow. Don't miss out on this fantastic opportunity to own a profitable piece of real estate in Des Moines!
Sold for $175,000
$175,000
3416 1st St, Des Moines, IA 50313
4beds
1,764sqft
Multi Family
Built in ----
-- sqft lot
$189,100 Zestimate®
$99/sqft
$997 Estimated rent
Home value
$189,100
$174,000 - $204,000
$997/mo
Zestimate® history
Owner options
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$997/mo
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$997/mo
Rent Zestimate®
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$1,248/mo
Est. payment
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$1,248/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Brad Cowger (515)321-6051,
ITown Real Estate, LLC
Bought with:
Gilbert Gonzales
RE/MAX Precision
Source: DMMLS,MLS#: 700365
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
Interior area
- Total structure area: 1,764
- Total interior livable area: 1,764 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,534 sqft
- Features: Rectangular Lot
Details
- Parcel number: 070/02108000000
- Zoning: n5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Metal Siding
Utilities & green energy
- Utilities for property: Water Available
Community & neighborhood
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/19/2024 | Sold | $175,000$99/sqft |
Source:  DMMLS #700365 Report a problem | ||
| 10/9/2024 | Pending sale | $175,000$99/sqft |
Source: DMMLS #700365 Report a problem | ||
| 10/1/2024 | Price change | $175,000-5.4%$99/sqft |
Source: DMMLS #700365 Report a problem | ||
| 8/3/2024 | Listed for sale | $185,000+37%$105/sqft |
Source: DMMLS #700365 Report a problem | ||
| 7/26/2018 | Listing removed | $135,000$77/sqft |
Source: Keller Williams Realty Greater Des Moines #554122 Report a problem | ||
| 1/26/2018 | Listed for sale | $135,000+92.9%$77/sqft |
Source: Keller Williams Realty GDM #554122 Report a problem | ||
| 2/3/2017 | Sold | $70,000-6.5%$40/sqft |
Source: DMMLS #529507 Report a problem | ||
| 12/6/2016 | Listed for sale | $74,900$42/sqft |
Source: Iowa Realty Co., Inc. #529507 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,368 -4.8% | $193,300 +15.2% |
| 2024 | $3,537 +9.6% | $167,800 |
| 2023 | $3,228 +0.7% | $167,800 +22.5% |
| 2022 | $3,204 +6% | $137,000 |
| 2021 | $3,024 -3.8% | $137,000 +13% |
| 2020 | $3,142 +5% | $121,200 |
| 2019 | $2,992 +1.1% | $121,200 +8.9% |
| 2018 | $2,960 | $111,300 |
| 2017 | $2,960 +11% | $111,300 +10% |
| 2016 | $2,666 | $101,200 |
| 2015 | $2,666 +9% | $101,200 +6% |
| 2014 | $2,446 | $95,500 |
| 2013 | -- | $95,500 +0.7% |
| 2012 | -- | $94,800 |
| 2011 | -- | $94,800 -4.7% |
| 2010 | -- | $99,500 |
| 2009 | -- | $99,500 +1.2% |
| 2008 | -- | $98,300 |
| 2007 | -- | $98,300 +13.1% |
| 2006 | -- | $86,900 |
| 2005 | -- | $86,900 +13.9% |
| 2003 | -- | $76,320 +22.5% |
| 2002 | -- | $62,300 |
| 2001 | -- | $62,300 |
Find assessor info on the county website
Neighborhood: Highland Park
Nearby schools
GreatSchools rating
- 2/10Findley Elementary SchoolGrades: K-6Distance: 0.3 mi
- 1/10Harding Middle SchoolGrades: 6-8Distance: 0.2 mi
- 2/10North High SchoolGrades: 9-12Distance: 0.6 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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$189,100
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+$3,782
With Zillow Showcase(estimated)
$192,882
- Iowa
- Polk County
- Des Moines
- 50313
- Highland Park
- 3416 1st St
Nearby cities
Nearby neighborhoods
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