Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time investor looking to build a portfolio or a seasoned investor seeking an affordable value-add asset, this property offers stable income today with additional rental growth potential tomorrow. Current rental certificate in place. Financial information available upon request.
Sold for $260,000
Zillow last checked:
Listing updated:
Bought with:
Russell Whitney
Keller Williams Realty GDM
Source: DMMLS,MLS#: 735080
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSPrice history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Sold | $260,000-7.1%$79/sqft |
Source:  DMMLS #735080 Report a problem | ||
| 7/21/2026 | Pending sale | $279,900$85/sqft |
Source: DMMLS #735080 Report a problem | ||
| 5/20/2026 | Price change | $279,900-3.4%$85/sqft |
Source: DMMLS #735080 Report a problem | ||
| 4/9/2026 | Price change | $289,900-3.4%$88/sqft |
Source: DMMLS #735080 Report a problem | ||
| 2/25/2026 | Listed for sale | $300,000+22.9%$91/sqft |
Source: DMMLS #735080 Report a problem | ||
| 9/25/2025 | Sold | $244,200-2.3%$74/sqft |
Source: DMMLS #716291 Report a problem | ||
| 5/5/2025 | Pending sale | $249,900$76/sqft |
Source: DMMLS #716291 Report a problem | ||
| 4/24/2025 | Listed for sale | $249,900+117.3%$76/sqft |
Source: DMMLS #716291 Report a problem | ||
| 6/19/2013 | Sold | $115,000-1.7%$35/sqft |
Source: Public Record Report a problem | ||
| 11/14/2006 | Sold | $117,000-11%$35/sqft |
Source: Public Record Report a problem | ||
| 12/22/2000 | Sold | $131,500+42.9%$40/sqft |
Source: Public Record Report a problem | ||
| 8/5/1999 | Sold | $92,000$28/sqft |
Source: Public Record Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$259,900
2% more
+$5,198
With Zillow Showcase(estimated)
$265,098
