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Sold for $118,750
    • $118,750

    425 NE Broadway Ave, Des Moines, IA 50313

    2beds
    1,038sqft
    Single Family Residence
    Built in 1939
    0.42 Acres Lot
    $119,200 Zestimate®
    $114/sqft
    $1,374 Estimated rent

    Home value

    $119,200

    $113,000 - $125,000

    $1,374/mo

    Zestimate® history
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    Rent Zestimate®

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    $651/mo

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    $651/mo

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    What's special

    Spacious lotTurn-key home for tenants
    Discover a rare mixed-use investment opportunity on a spacious lot. This home is ideal for both traditional buyers and investors seeking rental income or space for a side business. With mixed-use zoning, you can build a shop or small commercial space behind the house making it perfect for a workshop, storage, office, or boutique-style venture. Much of the remodeling is already done, making it rental-ready with lower upfront maintenance costs. Low county taxes add even more value. This property offers the best of both worlds: a turn-key home for tenants plus the flexibility to expand or create additional income on the rear lot. A solid, versatile option for anyone looking to grow their portfolio or launch a new project. Property being sold As-Is.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tom Butler (515)491-1561,

    LPT Realty, LLC

    Bought with:

    Ashton Verschuure

    RE/MAX Concepts

    Source: DMMLS,MLS#: 732499MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced Air, Gas, Natural Gas
    Cooling
    • Central Air
    Features
    • Dining Area
    • Basement: Crawl Space
    Interior area
    • Total structure area: 1,038
    • Total interior livable area: 1,038 sqft

    Property

    Features
    • Levels: One and One Half
    • Stories: 1.5
    Lot
    • Size: 0.42 Acres
    Details
    • Parcel number: 27001206000000
    • Zoning: MU

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: One and One Half Story,Traditional
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    • Foundation: Block
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1939

    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: $114/sqft
    • Tax assessed value: $136,200
    • Annual tax amount: $1,764
    • Date on market: 1/7/2026
    • Cumulative days on market: 198 days
    • Listing terms: Cash,Conventional
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    8/14/2026Sold$118,750-1.5%$114/sqft
    Source: DMMLS #732499 Report a problem
    6/29/2026Pending sale$120,500$116/sqft
    Source: DMMLS #732499 Report a problem
    6/23/2026Price change$120,500-6.2%$116/sqft
    Source: DMMLS #732499 Report a problem
    5/12/2026Price change$128,500-3.4%$124/sqft
    Source: DMMLS #732499 Report a problem
    4/8/2026Price change$133,000-4.3%$128/sqft
    Source: DMMLS #732499 Report a problem
    4/2/2026Listed for sale$139,000$134/sqft
    Source: DMMLS #732499 Report a problem
    3/16/2026Pending sale$139,000$134/sqft
    Source: DMMLS #732499 Report a problem
    1/8/2026Listed for sale$139,000$134/sqft
    Source: DMMLS #732499 Report a problem
    1/8/2026Listing removed$139,000$134/sqft
    Source: DMMLS #730949 Report a problem
    12/12/2025Price change$139,000-5.4%$134/sqft
    Source: DMMLS #730949 Report a problem
    11/26/2025Listed for sale$147,000+67%$142/sqft
    Source: DMMLS #730949 Report a problem
    7/16/2024Sold$88,000-16.2%$85/sqft
    Source: Public Record Report a problem
    10/5/2009Sold$105,000$101/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,620 -0.4%$136,200 +6.9%
    2024$1,627 +6.6%$127,400
    2023$1,527 +1.7%$127,400 +26%
    2022$1,501 +5.5%$101,100
    2021$1,423 +2.5%$101,100 +11.8%
    2020$1,389 +3.7%$90,400
    2019$1,339 -9.9%$90,400 +7.5%
    2018$1,486 +15.7%$84,100
    2017$1,284 +5.9%$84,100 +5.4%
    2016$1,212 $79,800
    2015$1,212 +7.4%$79,800 +4.9%
    2014$1,128 $76,100
    2013-- $76,100
    2012-- $76,100
    2011-- $76,100 +3.1%
    2010-- $73,800
    2009-- $73,800 +4.8%
    2008-- $70,400
    2007-- $70,400 +16.2%
    2006-- $60,600
    2005-- $60,600 +9.1%
    2003-- $55,520 +20.2%
    2002-- $46,200
    2001-- $46,200
    Find assessor info on the county website

    Neighborhood: 50313

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Saydel Consolidated

    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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    $119,200
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    $121,584
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    With Zillow Showcase(estimated)
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