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For sale
    • $200,000

    401 Franklin Ave, Des Moines, IA 50314

    5beds
    2,381sqft
    : 
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    Duplex, Multi Family
    Built in 1901
    -- sqft lot
    $-- Zestimate®
    $84/sqft
    $-- HOA

    What's special

    Fresh paint throughoutLvp and carpet flooringNew appliances
    Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept. Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.
    65 days
    |
    334
    |
    14
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Meghan O'Brien (515)554-5312,

    Realty ONE Group Impact,

    Adam Steger 630-746-8096,

    Realty ONE Group Impact

    Source: DMMLS,MLS#: 740254MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bedrooms: 2
      Heating
      • Forced Air, Gas, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Cooktop, Refrigerator
      Features
      • Basement: Unfinished
      Interior area
      • Total structure area: 2,381
      • Total interior livable area: 2,381 sqft

      Property

      Lot
      • Size: 8,363 Square Feet
      • Features: Rectangular Lot
      Details
      • Parcel number: 08000150001000
      • Zoning: RES

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Duplex
      • Property subtype: Duplex, Multi Family
      • Attached to another structure: Yes
      Materials
      • Vinyl Siding
      • Foundation: Brick/Mortar
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 1901

      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: $84/sqft
      • Tax assessed value: $184,600
      • Annual tax amount: $3,196
      • Date on market: 5/7/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/7/2026Listed for sale$200,000+0.1%$84/sqft
        Source: DMMLS #740254 Report a problem
        12/1/2025Listing removed$199,900$84/sqft
        Source: DMMLS #726000 Report a problem
        9/10/2025Listed for sale$199,900+29.8%$84/sqft
        Source: DMMLS #726000 Report a problem
        6/15/2021Sold$154,000+18.5%$65/sqft
        Source: DMMLS #628617 Report a problem
        1/2/2020Sold$130,000$55/sqft
        Source: DMMLS #595119 Report a problem
        11/25/2019Pending sale$130,000$55/sqft
        Source: CENTURY 21 Signature Real Estate #595119 Report a problem
        11/18/2019Listed for sale$130,000-13.3%$55/sqft
        Source: Century 21 Signature #595119 Report a problem
        5/24/2018Listing removed$150,000$63/sqft
        Source: Owner Report a problem
        5/16/2018Listed for sale$150,000+172.7%$63/sqft
        Source: Owner Report a problem
        10/26/2017Sold$55,000-3.5%$23/sqft
        Source: DMMLS #553350 Report a problem
        2/24/2017Sold$57,000-22.9%$24/sqft
        Source: Agent Provided Report a problem
        1/28/2017Listed for sale$73,900$31/sqft
        Source: Iowa Realty Co., Inc. #509700 Report a problem
        12/28/2016Listing removed$73,900$31/sqft
        Source: Iowa Realty Co., Inc. #509700 Report a problem
        7/6/2016Price change$73,900-22.2%$31/sqft
        Source: Iowa Realty Co., Inc. #509700 Report a problem
        1/6/2016Listed for sale$95,000+5.6%$40/sqft
        Source: Iowa Realty Co., Inc. #509700 Report a problem
        5/20/2014Listing removed$90,000$38/sqft
        Source: Coldwell Banker Mid-America Group, Realtors #430993 Report a problem
        5/15/2014Price change$90,000-5.3%$38/sqft
        Source: Coldwell Banker Mid-America Group, Realtors #430993 Report a problem
        4/4/2014Price change$95,000-9.4%$40/sqft
        Source: Coldwell Banker Mid-America Group, Realtors #430993 Report a problem
        2/28/2014Listed for sale$104,900+10.4%$44/sqft
        Source: Coldwell Banker Mid-America Group, Realtors #430993 Report a problem
        11/15/2012Listing removed$95,000$40/sqft
        Source: Country Estates Realty #363405 Report a problem
        5/15/2012Price change$95,000+5.6%$40/sqft
        Source: Country Estates Realty #363405 Report a problem
        4/30/2012Price change$90,000-5.3%$38/sqft
        Source: Country Estates Realty #363405 Report a problem
        4/15/2012Price change$95,000+5.6%$40/sqft
        Source: Country Estates Realty #363405 Report a problem
        3/17/2012Price change$90,000-5.3%$38/sqft
        Source: Country Estates Realty #363405 Report a problem
        2/5/2012Price change$95,000+12.4%$40/sqft
        Source: Country Estates Realty #363405 Report a problem
        11/10/2005Sold$84,500+17.4%$35/sqft
        Source: Public Record Report a problem
        11/19/2003Sold$72,000+161.8%$30/sqft
        Source: Public Record Report a problem
        5/30/2003Sold$27,500-45%$12/sqft
        Source: Public Record Report a problem
        1/15/2003Sold$50,000$21/sqft
        Source: Public Record Report a problem
        12/14/2000Sold$50,000$21/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,196 +2%$184,600 +16%
        2024$3,132 +5.8%$159,200
        2023$2,960 +0.7%$159,200 +26.8%
        2022$2,938 +7.7%$125,600
        2021$2,728 -3.7%$125,600 +14.9%
        2020$2,834 +82.1%$109,300
        2019$1,556 +1%$109,300 +88.8%
        2018$1,540 $57,900
        2017$1,540 -46.4%$57,900 -46.9%
        2016$2,874 $109,100
        2015$2,874 +6.2%$109,100 +3.2%
        2014$2,706 $105,700
        2013-- $105,700 -0.7%
        2012-- $106,400
        2011-- $106,400 +6.2%
        2010-- $100,200
        2009-- $100,200 -2.9%
        2008-- $103,200
        2007-- $103,200 +17%
        2006-- $88,200
        2005-- $88,200 +135.8%
        2003-- $37,400 +40.2%
        2002-- $26,680
        2001-- $26,680
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: River Bend

        Getting around

        61 / 100
        Somewhat Walkable
        33 / 100
        Some Transit
        56 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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