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Off market
  • Tax assessed value
    $428,000

    3420 Kingman Blvd, Des Moines, IA 50311

    9beds
    3,994sqft
    MultiFamily
    Built in 1917
    -- sqft lot
    $-- Zestimate®
    $107/sqft
    $1,187 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,187/mo

    Zestimate® history
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    What's special

    Exceptional 4-Plex Investment Opportunity | Proven Cash Flow + Turnkey Airbnb Income Rare opportunity to own a highly versatile 4-unit multifamily property offering immediate income, flexible rental strategies, and exceptional investment potential. Whether you’re an experienced investor looking to expand your portfolio or a buyer interested in offsetting your mortgage through rental income, this property offers multiple proven paths to success. The property currently has two occupied long-term rental units providing stable income, while an additional fully furnished unit is actively operating as a successful Airbnb with strong occupancy, repeat guests, and an established track record of short-term rental performance. The furnished Airbnb unit can be included in the sale, allowing the next owner to step into a completely turnkey short-term rental operation from day one. An additional vacant basement unit was previously owner-occupied and served as an ideal house hacking setup, allowing ownership to live onsite while rental income from the remaining units substantially offset living expenses. The vacant unit creates immediate flexibility for a new owner to move in, rent long-term, or create additional income opportunities. This property offers the rare ability to combine stable long-term rental income, proven short-term rental revenue, and owner-occupant flexibility — all within one investment. Property Highlights • 4-unit income-producing multifamily property • 2 long-term rental units currently occupied • Active Airbnb unit with repeat business and proven success • Furnished Airbnb unit can transfer with sale for turnkey operation • Vacant basement unit ready for owner-occupant or additional rental income • Excellent house hack opportunity for owner-occupants • Multiple proven income strategies already established • Immediate cash flow with long-term appreciation potential A rare opportunity to purchase an investment property that is already producing income in more ways than one.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Forced air, Gas
    Cooling
    • Refrigerator, Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet, Laminate
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,994 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Detached
    Features
    • Exterior features: Stone, Brick
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 09004658000000

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    Materials
    • Frame
    • Foundation: Masonry
    • Roof: Tile
    Condition
    • Year built: 1917

    Community & HOA

    Location
    • Region: Des Moines

    Financial & listing details

    • Price per square foot: $107/sqft
    • Tax assessed value: $428,000
    • Annual tax amount: $8,244

    Price history

    DateEventPrice
    8/21/2026Listing removed--
    Source: Owner Report a problem
    6/21/2026Listed for sale$650,000+15.8%$163/sqft
    Source: Owner Report a problem
    3/4/2022Sold$561,250-6.1%$141/sqft
    Source: DMMLS #639364 Report a problem
    11/17/2021Pending sale$598,000-5%$150/sqft
    Source: DMMLS #639364 Report a problem
    10/11/2021Listed for sale$629,500+61.4%$158/sqft
    Source: DMMLS #639364 Report a problem
    10/12/2016Sold$390,000+42.1%$98/sqft
    Source: DMMLS #524423 Report a problem
    9/4/2008Sold$274,500$69/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,244 +2.3%$428,000 +8.1%
    2024$8,058 +6.2%$396,000
    2023$7,588 -14.5%$396,000 +23%
    2022$8,870 +12.5%$322,000
    2021$7,884 -11%$322,000 +22%
    2020$8,854 +14.2%$264,000
    2019$7,756 -6%$264,000 +20.5%
    2018$8,248 $219,000
    2017$8,248 +2%$219,000 +10.6%
    2016$8,090 $198,000
    2015$8,090 +2.8%$198,000 +12.5%
    2014$7,870 $176,000
    2013-- $176,000
    2012-- $176,000
    2011-- $176,000 -11.1%
    2010-- $198,000
    2009-- $198,000
    2008-- $198,000
    2007-- $198,000
    2006-- $198,000 +10%
    2005-- $180,000
    2003-- $180,000 +7.1%
    2002-- $168,000
    2001-- $168,000
    Find assessor info on the county website

    Neighborhood: Drake

    Nearby schools

    GreatSchools rating
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