Investors, here’s an opportunity to add two more doors to your portfolio! This tenant-occupied Des Moines duplex offers immediate income with additional potential for future rental growth. The ranch-style property features two units, each with its own kitchen and living space, along with off-street parking and a large 0.55-acre lot. Major property features include a brick exterior, central air, gas forced-air heat, city water and sewer. Located just off Hubbell Ave with convenient access to shopping, dining, employment and other Des Moines amenities. Priced at $240,000—just $120,000 per door. For investors looking to scale further, 3906–3908 E 38th St is also available nearby, creating an opportunity to acquire four doors in the same immediate area. Purchase this property individually or combine it with additional available duplexes to expand your Des Moines rental portfolio.
For sale
$240,000
3920 & 3922 E 38th St, Des Moines, IA 50317
4beds
1,536sqft
Multi Family
Built in 1973
-- sqft lot
$241,200 Zestimate®
$156/sqft
$-- HOA
What's special
Brick exteriorRanch-style propertyOff-street parkingCentral airGas forced-air heat
- 38 days
- 343
- 26
Zillow last checked:
Listing updated:
Listed by:
Pennie Carroll (515)490-8025,
Pennie Carroll & Associates,
Joe Carroll,
Pennie Carroll & Associates
Source: DMMLS,MLS#: 749497
Originating MLS: Des Moines Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Features
- Flooring: Carpet
- Basement: Unfinished
Interior area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
- Finished area below ground: 0
Property
Features
- Stories: 1
Lot
- Size: 0.55 Acres
- Dimensions: 80 x 300
- Features: Rectangular Lot
Details
- Parcel number: 06000065003000
- Zoning: N2A-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $156/sqft
- Annual tax amount: $4,171
- Date on market: 9/17/2026
- Cumulative days on market: 40 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete
Estimated market value
$241,200
$215,000 - $268,000
$1,208/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Listed for sale | $240,000+74.5%$156/sqft |
Source: | ||
| 12/28/2016 | Sold | $137,500$90/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 50317
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.







