6 Plex Conversion on a bustling street for sale.
Investment property available for sale. This is a great building that has been historically fully occupied. Its a mixed use building with 5 apartment and 1 commercial unit. Potential upside on rent as some are below market rent. Will be great for owner user or an aspiring investor.
Please see attachments for Rent Roll and YTD Financials and possible owner finance option with premium on price but lower than the bank interest rate.
Listing Agent has interest in the Property
Sold for $350,000
$350,000
833 E University Ave, Des Moines, IA 50316
8beds
--sqft
Multi Family
Built in 1925
-- sqft lot
$342,800 Zestimate®
$--/sqft
$1,238 Estimated rent
Home value
$342,800
$305,000 - $377,000
$1,238/mo
Zestimate® history
Owner options
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$2,348/mo
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Zillow last checked:
Listing updated:
Listed by:
Adam Metzker (701)290-8300,
515 Rentals & Sales LLC
Bought with:
Adam Metzker
515 Rentals & Sales LLC
Source: DMMLS,MLS#: 683922
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Property
Lot
- Size: 5,048 Square Feet
Details
- Parcel number: 04001023000000
- Zoning: MX2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1925
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Tax assessed value: $180,000
- Annual tax amount: $3,254
- Date on market: 10/18/2023
- Cumulative days on market: 40 days
- Listing terms: Cash,Contract
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2023 | Sold | $350,000 |
Source:  DMMLS #683922 Report a problem | ||
| 11/27/2023 | Pending sale | $350,000 |
Source: DMMLS #683922 Report a problem | ||
| 10/19/2023 | Listed for sale | $350,000 |
Source: DMMLS #683922 Report a problem | ||
| 1/4/2020 | Listing removed | $700 |
Source: Mazal Rentals LLC Report a problem | ||
| 11/18/2019 | Listed for rent | $700-6.7% |
Source: Mazal Rentals LLC Report a problem | ||
| 10/2/2019 | Listing removed | $750 |
Source: Mazal Rentals LLC Report a problem | ||
| 8/2/2019 | Listed for rent | $750 |
Source: Mazal Rentals LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,505 +8.8% | $180,000 +10% |
| 2024 | $3,222 +1.7% | $163,700 |
| 2023 | $3,168 -10.7% | $163,700 +21.8% |
| 2022 | $3,546 +8.1% | $134,400 +259.4% |
| 2021 | $3,280 -9.1% | $37,400 +3% |
| 2020 | $3,608 +10.9% | $36,300 |
| 2019 | $3,252 -4.1% | $36,300 +6.8% |
| 2018 | $3,390 | $34,000 |
| 2017 | $3,390 +1.8% | $34,000 +22.7% |
| 2016 | $3,330 | $27,710 -66% |
| 2015 | $3,330 +2.7% | $81,500 +12.4% |
| 2014 | $3,242 | $72,500 |
| 2013 | -- | $72,500 |
| 2012 | -- | $72,500 |
| 2011 | -- | $72,500 -5% |
| 2010 | -- | $76,300 |
| 2009 | -- | $76,300 |
| 2008 | -- | $76,300 |
| 2007 | -- | $76,300 |
| 2006 | -- | $76,300 +25.1% |
| 2005 | -- | $61,000 +8.9% |
| 2003 | -- | $56,000 +6% |
| 2002 | -- | $52,820 |
| 2001 | -- | $52,820 |
Find assessor info on the county website
Neighborhood: Capitol Park
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Carver Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Hiatt Middle SchoolGrades: 6-8Distance: 0.5 mi
- 3/10East High SchoolGrades: 9-12Distance: 0.4 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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- Iowa
- Polk County
- Des Moines
- 50316
- Capitol Park
- 833 E University Ave
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