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2703 College Avenue

Des Moines, IA 50311
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Bed 3

Bed

Bath 2

Bath

SqFt1,110

Sqft

Acres0.16

Acre(Lot)

Don't miss this outstanding income-producing investment opportunity featuring 5 bedrooms, 2 bathrooms, a separate lot, and exceptional parking amenities. This well-maintained property is tenant occupied with a lease in place through July 2027, generating $2,500 per month in rental income, making it an ideal turnkey addition to your investment portfolio. The home underwent a complete interior remodel in 2023, including all new windows, creating an updated, modern living space while minimizing future maintenance. The roof is less than 10 years old, and the seller reports no known issues, offering added confidence for the next owner. An added bonus is 2705 College Ave, which includes a detached one-car garage along with surface parking for tenants of both 2703 and 2707, providing v aluable off-street parking rarely found in the area. Whether you're a seasoned investor or looking to begin building your real estate portfolio, this property delivers immediate cash flow with long-term stability.

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Detail Ic Property Details

Property Type : Residential

Price : $225,000

AD Id : 87973493

MLS Id : 744976

Beds : 3

Lot Size : 0.16 Acre

Living Area Size : 1,110

Year Built : 1927

County : Polk

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 2

    Room Information

    Has Basement: Yes Basement: Partially Finished
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Roof: Asphalt, Shingle Appliances: Cooktop, Dryer, Dishwasher, Freezer, Microwave, Refrigerator
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1927 Building Area Total: 1110 Construction Materials: Vinyl Siding Private Pool: No

  • Lot Information

    Lot Dimensions: 50 x 135 Main Square Feet: 0.155 Acres Lot Size Acres: 0.155 Lot Size Square Feet: 6750 Lot Description: Rectangular Lot

  • Listing Price Information

    Listing Price: $225000 Cash, Conventional, FHA, USDA Loan, VA Loan

  • Tax Information

    Parcel Number: 080/06424-000-000 Annual Tax: $3379.61 Tax Legal Desc: LOT 2 SMITHS 5TH ADDITION TO DES MOINES

  • Location Information

    Direction: Take Exit 7A for Martin Luther King Jr. Parkway / 19th Street. At the end of the exit ramp, head north on Martin Luther King Jr. Parkway. Continue approximately 0.8 miles to College Avenue. Turn left (west) onto College Avenue. Continue to 2303 College Ave, which will be on your left. WaterSource: Public
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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 2,196 SqFt
2124 Drake Park Avenue, Des Moines, IA, 50311 $239,900 2 2 1,394 1,394 SqFt
2210 University Avenue, Des Moines, IA, 50311 $179,900 4 3 1,440 1,440 SqFt
1357 23rd Street, Des Moines, IA, 50311 $115,000 2 1 795 795 SqFt
2303 Carpenter Avenue, Des Moines, IA, 50311 $225,000 1 -- 2,734 2,734 SqFt
1355 24th Street, Des Moines, IA, 50311 $260,000 4 2 2,064 2,064 SqFt
1011 24th Street, Des Moines, IA, 50311 $275,000 4 3 1,452 1,452 SqFt
1121 26th Street, Des Moines, IA, 50311 $419,000 6 3 2,283 2,283 SqFt
1132 26th Street, Des Moines, IA, 50311 $507,500 4 3 1,932 1,932 SqFt
1147 27th Street, Des Moines, IA, 50311 $489,000 5 4 1,792 1,792 SqFt

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 07/19/2026 @ 13:05

MLS: 744976 LISTED BY: Lora Olerich, Heartland Realty 515-432-8872 SOURCE: Des Moines Area Association of REALTORS

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