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: $20K (7/29)
$399,000
658 18th St, Des Moines, IA 50314
5beds
2,988sqft
Multi Family
Built in 1880
-- sqft lot
$384,500 Zestimate®
$134/sqft
$-- HOA
What's special
Multiple kitchens and bathsMix of unit layouts
- 135 days |
- 293 |
- 11 |
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 REALTORSFacts & 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: $134/sqft
- Tax assessed value: $203,000
- Annual tax amount: $3,961
- Date on market: 4/6/2026
- Cumulative days on market: 137 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
$384,500
$365,000 - $404,000
$1,714/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $399,000-4.8%$134/sqft |
Source:  DMMLS #737568 Report a problem | ||
| 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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Sherman Hill
Nearby schools
GreatSchools rating
- 3/10Edmunds Fine Arts AcademyGrades: K-5Distance: 0.4 mi
- 2/10Callanan Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Roosevelt 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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