1438 33rd Street
Des Moines, IA 50311
2
Bed
4
Bath
1,951Sqft
0.16Acre(Lot)
Investor opportunity near Drake University! This 4-unit property offers two 1-bedroom apartments and town efficiency units, all currently vacant and ready for a new owner to lease, improve, and manage their way. The property is functional and rentable as-is, with opportunity to increase value through updates and stronger rent performance over time. Tenants pay their own utilities with the owner responsible for water only. No garage. Convenient location near Drake, downtown Des Moines, shopping, dinning, transit, and major commuting routes. Weather you are looking to add doors to your portfolio or take on a value-add multifamily project, this property offers a compelling entry point at $190,000.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 4 Full Baths: 4Room Information
Has Basement: Yes Basement: Unfinished -
Heating & Cooling
Has Heating: Yes Heating: Electric
-
Building Information
Year Built: 1910 Building Area Total: 1951 Construction Materials: Wood Siding Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 50X136 Main Square Feet: 0.156 Acres Lot Size Acres: 0.156 Lot Size Square Feet: 6800
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Listing Price Information
Listing Price: $190000 Cash, Conventional
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Tax Information
Parcel Number: 10009612001000 Annual Tax: $2827 Tax Legal Desc: 6F W & ADJ & LT 3 BLK 5 MERRITT & FISCHERS PARK
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Utility Information
Water Available -
Location Information
Direction: Head north on 33rd Street from Forest Ave. 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 | $190,000 | 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 | $199,900 | 2 | 2 | 1,394 | 0.16 Acre |
| 1357 23rd Street, Des Moines, IA, 50311 | $110,000 | 2 | 1 | 795 | 0.17 Acre |
| 2303 Carpenter Avenue, Des Moines, IA, 50311 | $225,000 | 1 | -- | 2,734 | 0.15 Acre |
| 1355 24th Street, Des Moines, IA, 50311 | $250,000 | 4 | 2 | 2,064 | 0.18 Acre |
| 1107 24th Street, Des Moines, IA, 50311 | $395,000 | 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 | $409,900 | 6 | 3 | 2,283 | -- |
| 1132 26th Street, Des Moines, IA, 50311 | $499,900 | 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 09/02/2026 @ 05:33
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