1987 & 1989 SW 1st Street
Des Moines, IA 50315
3
Bed
2
Bath
1,436Sqft
0.20Acre(Lot)
Two homes on one lot—ideal investment or house hack opportunity! Property includes 1987 & 1989 SW 1st St. 1987 is a 1.5 story featuring 2 bedrooms, 1 bath, and is currently vacant—move-in or rent-ready for immediate occupancy (currently being advertised for rent at $1,100). 1989 offers 1 bedroom, 1 bath and is currently tenant occupied, providing instant rental income (current rent is $850). Separate living spaces allow flexibility for owner-occupants or investors looking to maximize cash flow. Convenient location with easy access to downtown, major roads, and amenities. Great opportunity to live in one unit while the other helps offset your mortgage or add to your portfolio with a turnkey income-producing property.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom 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
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Building Information
Year Built: 1910 Building Area Total: 1436 Private Pool: No
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Lot Information
Lot Dimensions: 52X165 Main Square Feet: 0.197 Acres Lot Size Acres: 0.197 Lot Size Square Feet: 8580
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Listing Price Information
Listing Price: $199000 Original Price: $210000 Cash, Conventional
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Tax Information
Parcel Number: 02002923000000 Annual Tax: $2701.82 Tax Legal Desc: N 52F OF THE S 105.6F LOT 8 OP SE 1/4 SEC 9-78-24
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Location Information
Direction: From Indianola Rd turn south onto SW 1st WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1005 Gratis Avenue, Des Moines, IA, 50315 | $212,000 | 3 | 2 | 864 | 864 SqFt |
| 2824 SE 10th Street, Des Moines, IA, 50315 | $235,000 | 5 | 1 | 1,040 | 1,040 SqFt |
| 4121 SE 10th Street, Des Moines, IA, 50315 | $200,000 | 3 | 1 | 864 | 864 SqFt |
| 2327 SE 8th Street, Des Moines, IA, 50315 | $268,000 | 3 | 2 | 1,115 | 1,115 SqFt |
| 2413 SE 8th Street, Des Moines, IA, 50315 | $140,000 | 2 | 2 | 442 | 442 SqFt |
| 817 E Diehl Avenue, Des Moines, IA, 50315 | $241,500 | 4 | 2 | 880 | 880 SqFt |
| 815 E Mckinley Avenue, Des Moines, IA, 50315 | $290,000 | 4 | 2 | 1,856 | 1,856 SqFt |
| 3136 SE 8th Street, Des Moines, IA, 50315 | $199,999 | 3 | 2 | 1,141 | 1,141 SqFt |
| 3300 SE 8th Street, Des Moines, IA, 50315 | $306,950 | 3 | 3 | 1,445 | 1,445 SqFt |
| 801 & 807 E Mckinley Av.., Des Moines, IA, 50315 | $550,000 | 8 | 4 | 3,499 | 3,499 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 06/22/2026 @ 15:21
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