This is a true built duplex, both units have 3 beds and 2 bathrooms with almost 1250 sf. Two bedrooms and one bath on the main level, with a finished basement with a 3rd bedroom, ¾ bathroom and large 2nd living room. Both units also have a large storage area with laundry.
Both units rented and property is cash-flowing well. One unit was just leased for $1300. Other unit is still at $1100, but should be pushed to $1300 at renewal. Both units have been recently renovated. New Furnaces and ACs.
This duplex is about a mile from Hy-Vee Grocery, Target, Walmart, tons of restaurants. Blocks to the Elementary school, a mile from the middle school.
Tenants pay for all utilities and take care of the lawn care and snow removal, making this an easy and profitable investment.
Sold for $258,500
$258,500
505 E McKinley Ave, Des Moines, IA 50315
6beds
1,518sqft
Multi Family
Built in 1982
-- sqft lot
$284,200 Zestimate®
$170/sqft
$1,241 Estimated rent
Home value
$284,200
$270,000 - $301,000
$1,241/mo
Zestimate® history
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$1,751/mo
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New furnaces
Zillow last checked:
Listing updated:
Listed by:
Chase Keller (319)231-1160,
RE/MAX Concepts,
Liz Keller 515-423-5607,
RE/MAX Concepts
Bought with:
Sonia Gens
Iowa Realty Mills Crossing
Source: DMMLS,MLS#: 678264
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 1,518
- Total interior livable area: 1,518 sqft
- Finished area below ground: 920
Property
Lot
- Size: 8,058 Square Feet
- Dimensions: 70 x 115
Details
- Parcel number: 12003295202000
- Zoning: N3A
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Foundation: Poured
Condition
- Year built: 1982
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $170/sqft
- Tax assessed value: $248,600
- Annual tax amount: $3,932
- Date on market: 7/13/2023
- Cumulative days on market: 6 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2023 | Sold | $258,500+3.4%$170/sqft |
Source:  DMMLS #678264 Report a problem | ||
| 7/21/2023 | Pending sale | $250,000$165/sqft |
Source: DMMLS #678264 Report a problem | ||
| 7/13/2023 | Listed for sale | $250,000+19%$165/sqft |
Source: DMMLS #678264 Report a problem | ||
| 6/30/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/27/2023 | Listed for rent | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/21/2021 | Sold | $210,000+87.5%$138/sqft |
Source: DMMLS #629048 Report a problem | ||
| 5/5/1997 | Sold | $112,000$74/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,873 +17.6% | $248,600 +18% |
| 2024 | $4,144 +4.6% | $210,700 |
| 2023 | $3,962 +0.8% | $210,700 +25.3% |
| 2022 | $3,932 +2.7% | $168,100 |
| 2021 | $3,830 -3.8% | $168,100 +9.5% |
| 2020 | $3,980 -2.1% | $153,500 -15.1% |
| 2019 | $4,064 +1% | $180,700 +19.5% |
| 2018 | $4,022 | $151,200 |
| 2017 | $4,022 +6.7% | $151,200 +5.7% |
| 2016 | $3,770 | $143,100 |
| 2015 | $3,770 +2.2% | $143,100 -0.6% |
| 2014 | $3,688 | $144,000 |
| 2013 | -- | $144,000 -0.6% |
| 2012 | -- | $144,900 |
| 2011 | -- | $144,900 -1.7% |
| 2010 | -- | $147,400 |
| 2009 | -- | $147,400 +5.2% |
| 2008 | -- | $140,100 |
| 2007 | -- | $140,100 +3.2% |
| 2006 | -- | $135,800 |
| 2005 | -- | $135,800 +4.3% |
| 2003 | -- | $130,240 +15.8% |
| 2002 | -- | $112,460 |
| 2001 | -- | $112,460 |
Find assessor info on the county website
Neighborhood: South Park
Nearby homes
- $240,8004 bd3 ba1.8k sqft511 E McKinley Ave, Des Moines, IA 50315Off Market
- $234,600-- bd2 ba1.4k sqft4803 SE 5th St, Des Moines, IA 50315Off Market
- $233,600-- bd2 ba1.5k sqft4807 SE 5th St, Des Moines, IA 50315Off Market
- $243,100-- bd2 ba1.4k sqft517 E McKinley Ave, Des Moines, IA 50315Off Market
- $229,9004 bd2 ba936 sqft506 E Titus Ave, Des Moines, IA 50315Off Market
- $155,0003 bd1 ba808 sqft500 E McKinley Ave, Des Moines, IA 50315Off Market
- $289,4503 bd2 ba1k sqft4829 SW 5th St, Des Moines, IA 50315Sold
- $207,3003 bd1 ba864 sqft510 E Titus Ave, Des Moines, IA 50315Off Market
Nearby schools
GreatSchools rating
- 3/10Lovejoy Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10McCombs Middle SchoolGrades: 6-8Distance: 1.9 mi
- 2/10Lincoln High SchoolGrades: 9-12Distance: 1.8 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
- 50315
- South Park
- 505 E McKinley Ave
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