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Pending
    • Price cut: $8K (6/23)
    $120,500

    425 NE Broadway Ave, Des Moines, IA 50313

    2beds
    1,038sqft
    : 
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    Single Family Residence
    Built in 1939
    0.42 Acres Lot
    $-- Zestimate®
    $116/sqft
    $-- HOA

    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.
    21 days
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    101
    |
    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tom Butler (515)491-1561,

    LPT Realty, LLC

    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: $116/sqft
      • Tax assessed value: $136,200
      • Annual tax amount: $1,764
      • Date on market: 1/7/2026
      • Cumulative days on market: 220 days
      • Listing terms: Cash,Conventional
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        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

        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: 50313

        Getting around

        22 / 100
        Car-Dependent
        21 / 100
        Minimal Transit
        32 / 100
        Somewhat Bikeable

        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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