For sale

$269,000

717 Franklin Ave, Des Moines, IA 50314

--beds

0baths

4,233sqft

$1,971/mo

Get pre-qualified

Multi Family

Built in 1901

-- sqft lot

$-- Zestimate^®

$64/sqft

$-- HOA

What's special

Large parking lot

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

155 days
113
2

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

$1,125/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