$3393/mo of rental income and the owner is only paying for the water usage. Great 4 plex with good rental income and current tenants. All other utilizes are paid by the tenants. Great location close to downtown and close to Drake University. Package deal available with 1206 39th st with the right offer.
Pending
$285,000
3903 University Ave, Des Moines, IA 50311
6beds
2,816sqft
Multi Family
Built in 1918
-- sqft lot
$-- Zestimate®
$101/sqft
$-- HOA
What's special
- 74 days
- 22
- 0
Zillow last checked:
Listing updated:
Listed by:
Darson Grantham (641)745-0156,
Keller Williams Realty GDM
Source: DMMLS,MLS#: 733823
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Stove
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,816
- Total interior livable area: 2,816 sqft
- Finished area below ground: 0
Property
Lot
- Size: 8,620 Square Feet
Details
- Parcel number: 10002456000000
- Zoning: R3+
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1918
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: $101/sqft
- Tax assessed value: $219,000
- Annual tax amount: $4,127
- Date on market: 2/4/2026
- Cumulative days on market: 170 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- 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 |
|---|---|---|
| 6/22/2026 | Pending sale | $285,000$101/sqft |
Source:  DMMLS #733823 Report a problem | ||
| 5/22/2026 | Price change | $285,000+16.3%$101/sqft |
Source: DMMLS #733823 Report a problem | ||
| 4/28/2026 | Price change | $245,000-10.9%$87/sqft |
Source: DMMLS #733823 Report a problem | ||
| 2/4/2026 | Listed for sale | $275,000$98/sqft |
Source: DMMLS #733823 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,076 -3% | $219,000 +7.9% |
| 2024 | $4,201 +8% | $203,000 |
| 2023 | $3,888 -14.4% | $203,000 +23% |
| 2022 | $4,544 +12.7% | $165,000 |
| 2021 | $4,032 -11% | $165,000 +22.2% |
| 2020 | $4,528 +14.2% | $135,000 |
| 2019 | $3,966 -6% | $135,000 +20.5% |
| 2018 | $4,218 | $112,000 |
| 2017 | $4,218 +2.2% | $112,000 +10.9% |
| 2016 | $4,126 | $101,000 |
| 2015 | $4,126 +2.5% | $101,000 +12.2% |
| 2014 | $4,024 | $90,000 |
| 2013 | -- | $90,000 |
| 2012 | -- | $90,000 |
| 2011 | -- | $90,000 -10.9% |
| 2010 | -- | $101,000 |
| 2009 | -- | $101,000 |
| 2008 | -- | $101,000 |
| 2007 | -- | $101,000 |
| 2006 | -- | $101,000 +19.2% |
| 2005 | -- | $84,700 +11% |
| 2003 | -- | $76,300 +39.9% |
| 2002 | -- | $54,530 |
| 2001 | -- | $54,530 |
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
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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