1429 Martin Luther King Jr Parkway
Des Moines, IA 50314
5
Bed
2
Bath
2,544Sqft
0.15Acre(Lot)
This duplex offers a fantastic investment opportunity with strong cash flow potential. Featuring one 2 bedroom unit and one 3 bedroom unit, this property provides flexibility and solid rental appeal. Tenants will appreciate the ample off street parking and convenient alley access. Centrally located with easy access to downtown and the entire metro, it is ideally positioned for consistent demand. Projected rental income of $1800 per month makes this a great addition to any investment portfolio.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Has Basement: Yes Basement: Unfinished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1905 Building Area Total: 2544 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 50X128 Main Square Feet: 0.147 Acres Lot Size Acres: 0.147 Lot Size Square Feet: 6400
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Listing Price Information
Listing Price: $155000 Original Price: $159900 Cash, Conventional
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Tax Information
Parcel Number: 08004325000000 Annual Tax: $2468 Tax Legal Desc: LOT 5 BLK 1 MARQUARDTS 2ND ADDITION TO NORTH DES MOINES
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Location Information
Direction: On MLK JR Pkwy between Forest and Clark. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 227 Clark Street, Des Moines, IA, 50314 | $225,000 | 3 | 1 | 1,339 | 1,339 SqFt |
| 328 Forest Avenue, Des Moines, IA, 50314 | $119,900 | 2 | 1 | 808 | 808 SqFt |
| 1805 Oakland Avenue, Des Moines, IA, 50314 | $189,900 | 3 | 2 | 1,895 | 1,895 SqFt |
| 1435 4th Street, Des Moines, IA, 50314 | $193,000 | 3 | 2 | 1,232 | 1,232 SqFt |
| 1325 6th Avenue, Des Moines, IA, 50314 | $160,000 | 6 | 3 | 2,167 | 2,167 SqFt |
| 717 Franklin Avenue, Des Moines, IA, 50314 | $269,000 | 11 | 6 | 4,233 | 4,233 SqFt |
| 1430 8th Street, Des Moines, IA, 50314 | $154,000 | 6 | 6 | 2,430 | 2,430 SqFt |
| 1540 8th Street, Des Moines, IA, 50314 | $210,000 | 4 | 2 | 1,228 | 1,228 SqFt |
| 1534 9th Street, Des Moines, IA, 50314 | $200,000 | 4 | 2 | 1,567 | 1,567 SqFt |
| 1609 12th Street, Des Moines, IA, 50314 | $225,000 | 3 | 2 | 1,520 | 1,520 SqFt |
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Nearby For Sale
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 06/21/2026 @ 12:53
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