This 6-unit multi-family property is income-producing. All units are rented and monthly rents total $4120/mo. Room for rent increases. Large basement for landlord storage. Huge parking lot. See agent notes for link to proforma info.
All units have only one tenant currently, so landlord expenses are low.
Individual rents:
#1 $650
#2 $870
#3 $750
#4 $650
#5 $600
#6 $600
For sale
$269,000
717 Franklin Ave, Des Moines, IA 50314
--beds
0baths
4,233sqft
Multi Family
Built in 1901
-- sqft lot
$-- Zestimate®
$64/sqft
$-- HOA
What's special
Large parking lot
- 105 days |
- 96 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Abby Hausmann-Virgil 515-965-9100,
Keller Williams- Ankeny Metro,
NON- MEMBER 515-296-4680,
CENTRAL IOWA BOARD OF REALTORS
Source: CIBR,MLS#: 68691
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Natural Gas
Interior area
- Total structure area: 4,233
- Total interior livable area: 4,233 sqft
Property
Lot
- Size: 0.3 Acres
Details
- Parcel number: 080/07891001000
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1901
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: $64/sqft
- Tax assessed value: $163,000
- Annual tax amount: $3,077
- Date on market: 4/10/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,119/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Price change | $269,000-2.2%$64/sqft |
Source:  DMMLS #727975 Report a problem | ||
| 10/10/2025 | Price change | $275,000+57.1%$65/sqft |
Source: DMMLS #727975 Report a problem | ||
| 8/15/2025 | Price change | $175,000-94.9%$41/sqft |
Source: DMMLS #717804 Report a problem | ||
| 6/5/2025 | Price change | $3,400,000-17.1%$803/sqft |
Source: DMMLS #717804 Report a problem | ||
| 5/9/2025 | Listed for sale | $4,100,000$969/sqft |
Source: DMMLS #717804 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: River Bend
Nearby schools
GreatSchools rating
- 5/10Moulton Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Harding Middle SchoolGrades: 6-8Distance: 1.2 mi
- 2/10North High SchoolGrades: 9-12Distance: 0.5 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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