INVESTOR MUST SEE! Located in a beautiful Ingersoll neighborhood, this 6-unit apartment building is primed and ready for an investor looking for a great asset! Currently bringing in $7605 in monthly revenue streams with plenty of upside. The property features three fully established mid-term/short-term furnished units(Remodeled 2023/2024), ideal for traveling professionals or short-term rentals, as well as three long-term units for a perfectly balanced asset strategy. Amenities include on-site coin laundry, dedicated outdoor parking spaces, and five detached garages that offer secure parking or storage for additional revenue streams. Vibrant area with easy access to nearby restaurants, coffee shops, and local businesses. The property features central HVAC but two bottom units have window AC. No shared air. Rental certificate in place up to March 1, 2025. Listing Agent has interest in property.
Sold for $660,000
$660,000
4216 Ingersoll Ave, Des Moines, IA 50312
11beds
5,057sqft
Multi Family, Apartment
Built in 1906
-- sqft lot
$689,500 Zestimate®
$131/sqft
$1,203 Estimated rent
Home value
$689,500
$641,000 - $738,000
$1,203/mo
Zestimate® history
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$4,427/mo
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Zillow last checked:
Listing updated:
Listed by:
Dickey, Chris (515)490-3936,
Realty ONE Group Impact
Bought with:
Christa Mooi
LPT Realty, LLC
Source: DMMLS,MLS#: 703031
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air, See Remarks, Window Unit(s)
Features
- Flooring: Hardwood, Laminate, Vinyl
- Basement: Partially Finished,Unfinished,Walk-Out Access
- Furnished: Yes
Interior area
- Total structure area: 5,057
- Total interior livable area: 5,057 sqft
- Finished area below ground: 1,800
Property
Parking
- Total spaces: 4
- Parking features: Attached, Garage
- Attached garage spaces: 4
Lot
- Size: 0.36 Acres
- Dimensions: 78.5 x 200.4
Details
- Parcel number: 09008229001000
- Zoning: R-3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Roof: Asphalt,Shingle
Condition
- Year built: 1906
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Features: Laundry Facilities, Storage Facilities
HOA
- Has HOA: No
- Services included: Internet, Maintenance Grounds, See Remarks, Taxes, Trash, Snow Removal
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $548,000
- Annual tax amount: $9,973
- Date on market: 8/31/2024
- Cumulative days on market: 32 days
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Insurance, Water
- Electric utility on property: Yes
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2024 | Sold | $660,000-2.2%$131/sqft |
Source:  DMMLS #703031 Report a problem | ||
| 10/11/2024 | Pending sale | $675,000$133/sqft |
Source: DMMLS #703031 Report a problem | ||
| 9/28/2024 | Price change | $675,000-5.6%$133/sqft |
Source: DMMLS #703031 Report a problem | ||
| 8/31/2024 | Listed for sale | $715,000+44.4%$141/sqft |
Source: DMMLS #703031 Report a problem | ||
| 6/1/2021 | Sold | $495,000$98/sqft |
Source: DMMLS #626600 Report a problem | ||
| 4/19/2021 | Pending sale | $495,000$98/sqft |
Source: DMMLS #626600 Report a problem | ||
| 4/19/2021 | Listed for sale | $495,000+57.1%$98/sqft |
Source: DMMLS #626600 Report a problem | ||
| 6/12/2018 | Sold | $315,000+8.8%$62/sqft |
Source: Public Record Report a problem | ||
| 9/3/2008 | Sold | $289,500$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,178 +2% | $548,000 +8.1% |
| 2024 | $9,974 +2.7% | $507,000 |
| 2023 | $9,710 -14.4% | $507,000 +23.1% |
| 2022 | $11,348 +12.4% | $412,000 |
| 2021 | $10,092 -11% | $412,000 +21.9% |
| 2020 | $11,336 +13.9% | $338,000 |
| 2019 | $9,952 -6% | $338,000 +20.3% |
| 2018 | $10,584 | $281,000 |
| 2017 | $10,584 +2% | $281,000 +10.6% |
| 2016 | $10,378 | $254,000 |
| 2015 | $10,378 +2.7% | $254,000 +12.4% |
| 2014 | $10,106 | $226,000 |
| 2013 | -- | $226,000 |
| 2012 | -- | $226,000 |
| 2011 | -- | $226,000 -11% |
| 2010 | -- | $254,000 |
| 2009 | -- | $254,000 |
| 2008 | -- | $254,000 |
| 2007 | -- | $254,000 |
| 2006 | -- | $254,000 +25.1% |
| 2005 | -- | $203,000 +1% |
| 2003 | -- | $201,000 +40.1% |
| 2002 | -- | $143,500 |
| 2001 | -- | $143,500 |
Find assessor info on the county website
Neighborhood: Ingersoll Park
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Nearby schools
GreatSchools rating
- 4/10Hubbell Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10Merrill Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Roosevelt High SchoolGrades: 9-12Distance: 0.6 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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- Iowa
- Polk County
- Des Moines
- 50312
- Ingersoll Park
- 4216 Ingersoll Ave
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