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2312 Forest Avenue

Des Moines, IA 50311
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Bed --

Bed

Bath 0

Bath

SqFt7,238

Sqft

Acres0.26

Acre(Lot)

Investors! Looking for your next project? This unique parcel features two properties with significant renovation and investment potential. 2312 Forest Ave is a block commercial building offering approximately 1,144 sq. ft. of finished space, ideal for a retail storefront, office, or other commercial use. The upper level includes two 2-bedroom apartments, both taken down to the studs and ready for a complete remodel. 1370 23rd St. is a historic Victorian home that has been fully gutted and is ready for renovation. With approximately 4,124 sq. ft., the property was previously configured as seven apartments, offering the potential for a substantial redevelopment opportunity. With both properties already opened up for renovation, this parcel presents an opportunity for investors looking to r ehab, reposition, and add value. Value-Add Investment Opportunity — Two Properties on One Parcel

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Detail Ic Property Details

Property Type : Residential Income

Price : $200,000

AD Id : 91347596

MLS Id : 749583

Lot Size : 0.26 Acre

Living Area Size : 7,238 Sq. Ft

Tax Amount : $3,336

Year Built : 1900

County : Polk

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Partial
  • Flooring Information

    Tile

  • Building Information

    Year Built: 1900 Building Area Total: 7238 Construction Materials: Frame Stories: 2 Private Pool: No

  • Lot Information

    Lot Dimensions: 162X70 Main Square Feet: 0.26 Acres Lot Size Acres: 0.26 Lot Size Square Feet: 11340 Lot Description: Corner Lot

  • Listing Price Information

    Listing Price: $200000 Cash, Conventional

  • Tax Information

    Parcel Number: 08001563000000 Tax Year: 2026 Annual Tax: $3336 Tax Legal Desc: LOT 1 DRAKE UNIVERSITY OP

  • Location Information

    Direction: Forest ave east b/t MLK & 30th st. South side of the road. WaterSource: Public
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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 $199,900 2 2 1,394 0.16 Acre
1550 23rd Street, Des Moines, IA, 50311 $180,000 3 2 1,109 --
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 $479,900 4 3 1,932 0.13 Acre

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 09/19/2026 @ 01:53

MLS: 749583 LISTED BY: Timothy Schutte, EXIT Realty & Associates 515-253-3948 SOURCE: Des Moines Area Association of REALTORS

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