4025 54th St is a rock-solid duplex that makes sense from every angle—whether you're a first-time house hacker or a seasoned investor looking to expand your portfolio. With both units currently vacant, you're free to move in and offset your mortgage with rental income, or lease out both sides at market rent with zero downtime. The property includes an upper 3-bedroom, 1-bath unit and a lower 2-bedroom, 1-bath unit, both with access to a shared laundry setup. A new roof was installed in 2020, and in 2021 the furnace blower was replaced and the ductwork was updated. Even better, the property holds a valid rental certificate through 2027, giving you a worry-free runway for cash flow. Set in a quiet residential pocket of Des Moines, the location offers stable tenant demand and long-term rental potential. Whether you're looking to live in one unit and rent the other or simply lock in a smart buy-and-hold opportunity, this duplex is a clean, straightforward investment play with upside and flexibility.
Sold for $245,000
$245,000
4025 54th St, Des Moines, IA 50310
5beds
1,358sqft
Multi Family
Built in 1958
-- sqft lot
$245,400 Zestimate®
$180/sqft
$1,446 Estimated rent
Home value
$245,400
$231,000 - $263,000
$1,446/mo
Zestimate® history
Owner options
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$1,748/mo
Est. payment
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$1,748/mo
Est. payment
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List your homeWhat's special
Shared laundry setup
Zillow last checked:
Listing updated:
Listed by:
Darson Grantham (641)745-0156,
Keller Williams Realty GDM
Bought with:
Gilbert Gonzales
RE/MAX Precision
Source: DMMLS,MLS#: 716369
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Refrigerator, Stove
Features
- Basement: Finished,Walk-Out Access
Interior area
- Total structure area: 1,358
- Total interior livable area: 1,358 sqft
- Finished area below ground: 1,358
Property
Parking
- Total spaces: 1
- Parking features: Attached, Garage, One Car Garage
- Attached garage spaces: 1
Lot
- Size: 8,407 Square Feet
- Dimensions: 60 x 140
Details
- Parcel number: 10000530000000
- Zoning: N3A
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Brick, Frame
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1958
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: $180/sqft
- Tax assessed value: $272,100
- Annual tax amount: $5,135
- Date on market: 4/25/2025
- Cumulative days on market: 27 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2025 | Sold | $245,000-5.8%$180/sqft |
Source:  DMMLS #716369 Report a problem | ||
| 5/28/2025 | Pending sale | $260,000$191/sqft |
Source: DMMLS #716369 Report a problem | ||
| 4/25/2025 | Listed for sale | $260,000+57.6%$191/sqft |
Source: DMMLS #716369 Report a problem | ||
| 3/5/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/23/2024 | Price change | $925-2.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/6/2024 | Listed for rent | $950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/26/2015 | Listing removed | $165,000$122/sqft |
Source: RE/MAX REAL ESTATE GROUP #445053 Report a problem | ||
| 11/7/2014 | Listed for sale | $165,000+5.4%$122/sqft |
Source: RE/MAX REAL ESTATE GROUP #445053 Report a problem | ||
| 6/1/2005 | Sold | $156,500$115/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,636 +2.1% | $272,100 +12.8% |
| 2024 | $4,540 -1.5% | $241,200 |
| 2023 | $4,608 -3.6% | $241,200 +18% |
| 2022 | $4,780 +0.1% | $204,400 |
| 2021 | $4,776 -3.7% | $204,400 +6.8% |
| 2020 | $4,962 +7.4% | $191,400 |
| 2019 | $4,620 +1% | $191,400 +11.3% |
| 2018 | $4,572 | $171,900 |
| 2017 | $4,572 +13.2% | $171,900 +12.1% |
| 2016 | $4,040 | $153,300 |
| 2015 | $4,040 +11.5% | $153,300 +8.3% |
| 2014 | $3,624 | $141,500 |
| 2013 | -- | $141,500 -0.8% |
| 2012 | -- | $142,600 |
| 2011 | -- | $142,600 -12% |
| 2010 | -- | $162,100 |
| 2009 | -- | $162,100 +7.4% |
| 2008 | -- | $150,900 |
| 2007 | -- | $150,900 +4.9% |
| 2006 | -- | $143,800 |
| 2005 | -- | $143,800 +9.7% |
| 2003 | -- | $131,050 +11.1% |
| 2002 | -- | $117,910 |
| 2001 | -- | $117,910 |
Find assessor info on the county website
Neighborhood: Merle Hay
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Nearby schools
GreatSchools rating
- 2/10Moore Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Meredith Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10Hoover High SchoolGrades: 9-12Distance: 0.5 mi
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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$245,400
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- Iowa
- Polk County
- Des Moines
- 50310
- Merle Hay
- 4025 54th St
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