Sold for $206,000

$206,000

5515 & 5517 NE 1st St, Des Moines, IA 50313

2beds

1,408sqft

Duplex, Multi Family

Built in 1977

-- sqft lot

$204,600 Zestimate^®

$146/sqft

$1,085 Estimated rent

Home value

$204,600

$192,000 - $217,000

$1,085/mo

Zestimate^® history

Owner options

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$1,085/mo

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$1,085/mo

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Refinance and save

$1,456/mo

Est. payment

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$1,456/mo

Est. payment

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What's special

Partially finished bonus roomBathroom remodelSeparate drivewaysLarge shared backyardNew roof

Great Investment Opportunity in North Des Moines! Don't miss this well-maintained duplex featuring 2-bedroom, 1-bath units perfect for investors or owner-occupants. Recent updates include a new roof (2022), updated LVP flooring, fresh interior and exterior paint, and a bathroom remodel in unit 5515. Plus Unit 5515 also includes a finished non-conforming 3rd bedroom and partially finished bonus room in the lower level, ideal for extra living space or storage. The 5517 unfinished basement offers a blank canvas for additional value-add opportunities. Enjoy a large shared backyard, separate driveways, and a convenient location with easy access to I-80/35. Saydel schools. A solid property with strong potential. Schedule your showing today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 2

Heating

Forced Air, Gas, Natural Gas

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Refrigerator, Stove, Washer

Features

Flooring: Carpet, Laminate, Tile
Basement: Partially Finished,Unfinished

Interior area

Total structure area: 1,408
Total interior livable area: 1,408 sqft
Finished area below ground: 240

Property

Lot

Size: 0.45 Acres
Dimensions: 81.5 x 239
Features: Pie Shaped Lot

Details

Parcel number: 27002026001000
Zoning: LDR

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch,Duplex
Property subtype: Duplex, Multi Family
Attached to another structure: Yes

Materials

Wood Siding
Foundation: Block
Roof: Asphalt,Shingle

Condition

Year built: 1977

Utilities & green energy

Sewer: Septic Tank
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Des Moines

Financial & listing details

Price per square foot: $146/sqft
Annual tax amount: $2,924
Date on market: 5/16/2025
Cumulative days on market: 19 days
Listing terms: Cash,Conventional
Road surface type: Concrete

Price history

Date	Event	Price
7/11/2025	Sold	$206,000-13.6%$146/sqft
Source: DMMLS #718330 Report a problem
6/5/2025	Pending sale	$238,500$169/sqft
Source: DMMLS #718330 Report a problem
5/16/2025	Listed for sale	$238,500$169/sqft
Source: DMMLS #718330 Report a problem