BRAND NEW RENTAL CERTIFICATE good through 2028! Gross rent $4,935 - Fully occupied 6-plex in the heart of Sherman Hill with separate gas and electric meters for each unit. Property features a mix of unit layouts, multiple kitchens and baths, and a shared basement with on-site laundry.
Classic structure with solid bones offering opportunity for future improvements over time. Well-located in one of Des Moines’ most established neighborhoods with close proximity to downtown, Ingersoll, and major employers, supporting consistent rental demand.
Financials available upon request
For sale
Price cut: $31K (6/24)
$419,000
658 18th St, Des Moines, IA 50314
5beds
2,988sqft
Multi Family
Built in 1880
-- sqft lot
$405,000 Zestimate®
$140/sqft
$-- HOA
What's special
Multiple kitchens and bathsMix of unit layouts
- 89 days |
- 232 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Darson Grantham (641)745-0156,
Keller Williams Realty GDM,
Eric Fitzgerald 507-382-1570,
Keller Williams Realty GDM
Source: DMMLS,MLS#: 737568
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Window Unit(s)
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,988
- Total interior livable area: 2,988 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,492 Square Feet
- Dimensions: 60 x 125
Details
- Parcel number: 03004205000000
- Zoning: R-HD
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Asphalt,Shingle
Condition
- Year built: 1880
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: $140/sqft
- Tax assessed value: $203,000
- Annual tax amount: $3,961
- Date on market: 4/6/2026
- Cumulative days on market: 91 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
$405,000
$385,000 - $425,000
$1,702/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Price change | $419,000-6.9%$140/sqft |
Source:  DMMLS #737568 Report a problem | ||
| 4/7/2026 | Listed for sale | $450,000$151/sqft |
Source: DMMLS #737568 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,908 +2% | $203,000 +8% |
| 2024 | $3,830 +2.6% | $188,000 |
| 2023 | $3,732 -14.4% | $188,000 +22.9% |
| 2022 | $4,360 +13% | $153,000 |
| 2021 | $3,860 -10.8% | $153,000 +22.4% |
| 2020 | $4,326 +13.8% | $125,000 |
| 2019 | $3,800 -5.9% | $125,000 +20.2% |
| 2018 | $4,040 | $104,000 |
| 2017 | $4,040 +2.5% | $104,000 +11.2% |
| 2016 | $3,942 | $93,500 |
| 2015 | $3,942 +2.9% | $93,500 +12.7% |
| 2014 | $3,830 | $83,000 |
| 2013 | -- | $83,000 |
| 2012 | -- | $83,000 |
| 2011 | -- | $83,000 -10.8% |
| 2010 | -- | $93,000 |
| 2009 | -- | $93,000 |
| 2008 | -- | $93,000 +27% |
| 2007 | -- | $73,200 |
| 2006 | -- | $73,200 +12.6% |
| 2005 | -- | $65,000 +0.3% |
| 2003 | -- | $64,800 +6% |
| 2002 | -- | $61,150 |
| 2001 | -- | $61,150 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Sherman Hill
Nearby schools
GreatSchools rating
- 4/10Edmunds Fine Arts AcademyGrades: K-5Distance: 0.4 mi
- 3/10Callanan Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10Roosevelt High SchoolGrades: 9-12Distance: 2 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Iowa
- Polk County
- Des Moines
- 50314
- Sherman Hill
- 658 18th St
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