2707 College Avenue
Des Moines, IA 50311
3
Bed
2
Bath
1,098Sqft
0.16Acre(Lot)
Looking for a cash-flowing rental with zero lease-up risk? This fully remodeled 4-bedroom, 2-bathroom home in DesMoines' desirable Northwest submarket is ready to perform from day one. Completely renovated inside in 2023, this Colonial-style home combines classic 1896 character arched detailing, solid masonry foundation, and durable metal siding with modern, move-in-ready finishes throughout. The home sits on a generous 6,750 sq ft (0.155-acre) lot with a 50' frontage, gas forced-air heat, central air, and a functional basement for storage or mechanicals. The best part for investors: the property is already tenant-occupied at $2,300/month, with the lease secured through July 2027 offering an incoming owner immediate, predictable cash flow and no vacancy gap.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2Room Information
Has Basement: Yes Basement: Partially Finished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Cooktop, Dryer, Dishwasher, Microwave, Refrigerator, Washer Laundry Features: Main Level -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1896 Building Area Total: 1098 Construction Materials: Metal Siding Private Pool: No
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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
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Listing Price Information
Listing Price: $220000 Cash, Conventional, FHA, USDA Loan, VA Loan
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Tax Information
Parcel Number: 080/06426-000-000 Annual Tax: $2742.5 Tax Legal Desc: LOT 4 SMITHS 5TH ADDITION TO DES MOINES
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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 2307 College Ave, which will be on your left. 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 | 2,196 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 |
| 1009 27th Street, Des Moines, IA, 50311 | $264,990 | 3 | 2 | 1,397 | 1,397 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 07/19/2026 @ 11:19
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