1240 32nd Street
Des Moines, IA 50311
6
Bed
4
Bath
2,492Sqft
0.29Acre(Lot)
Income-producing fourplex located next to Drake University! 1240 32nd Street features two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, offering a versatile mix of rental options. Updated sewer and water lines provide added value and peace of mind. With an opportunity for immediate cash flow and a convenient location near campus, this property is a great opportunity to expand your rental portfolio or get started in investment real estate. All information obtained from seller and public record.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 4 Full Baths: 4Room Information
Has Basement: Yes Basement: Partially Finished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Window Unit(s)
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Building Information
Year Built: 1915 Building Area Total: 2492 Construction Materials: Brick Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.294 Acres Lot Size Acres: 0.294 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $349900 Cash, Conventional
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Tax Information
Parcel Number: 10010342001000 Annual Tax: $5654.67 Tax Legal Desc: E 171F LT 2 PERIGO PLACE
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Utility Information
Water Available -
Location Information
Direction: University to 32nd, then north to property. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1440 21st Street, Des Moines, IA, 50311 | $170,000 | 4 | 2 | 2,196 | 0.41 Acre |
| 1538 21st Street, Des Moines, IA, 50311 | $137,000 | 2 | 1 | 766 | 0.10 Acre |
| 2124 Drake Park Avenue, Des Moines, IA, 50311 | $184,900 | 2 | 2 | 1,394 | 0.16 Acre |
| 1550 23rd Street, Des Moines, IA, 50311 | $180,000 | 3 | 2 | 1,109 | -- |
| 2312 Forest Avenue, Des Moines, IA, 50311 | $200,000 | -- | -- | 7,238 | 0.26 Acre |
| 1355 24th Street, Des Moines, IA, 50311 | $250,000 | 4 | 2 | 2,064 | 0.18 Acre |
| 1107 24th Street, Des Moines, IA, 50311 | $385,000 | 4 | 4 | 2,192 | 0.07 Acre |
| 1011 24th Street, Des Moines, IA, 50311 | $265,000 | 4 | 3 | 1,452 | -- |
| 1121 26th Street, Des Moines, IA, 50311 | $399,900 | 6 | 3 | 2,283 | -- |
| 1132 26th Street, Des Moines, IA, 50311 | $479,900 | 4 | 3 | 1,932 | 0.13 Acre |
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.
ByOwner last updated this listing 10/08/2026 @ 23:45
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