2931 Kingman Boulevard
Des Moines, IA 50311
6
Bed
5
Bath
3,367Sqft
Rare investment opportunity grossing $4,140 per month in the highly desirable Kingman neighborhood of Des Moines. A 5 unit property with assigned off street parking for each unit. Additionally there is a detached car garage for further potential rental income. The units have been well updated, including 200 amp service metered to each unit, fresh paint, carpet, and the majority of the hardwood flooring being refinished. Current rental rates are: Unit 1 (occupied 8/01) $1200. Unit 2 (occupied) $815 Unit 3 (Occupied) $695. Unit 4 (occupied) $835. Unit 5 (occupied) $595. This is a perfect combination of a well maintained and highly marketable rental property that still has room for future revenue enhancing improvements.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 5 Full Baths: 5Room Information
Has Basement: Yes Basement: Unfinished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air
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Building Information
Year Built: 1909 Building Area Total: 3367 Construction Materials: See Remarks Stories: 3 Private Pool: No
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Lot Information
Lot Dimensions: .258 Lot Size Square Feet: 11250
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Listing Price Information
Listing Price: $385000 Cash, Conventional
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Tax Information
Parcel Number: 09003767000000 Annual Tax: $5120 Tax Legal Desc: E 1/2 LOT 172 & ALL LOT 173 KINGMAN PLACE
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Parking Information
Detached, GarageGarage Information
Has Garage: Yes Garage Space: 2
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Utility Information
Electricity Available, Natural Gas Available, Water Available -
Location Information
Direction: From University, take 31st Street to Kingman. You can park in tenant unit 3 spot or on street. Do not park in alley. 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 |
| 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 | $499,900 | 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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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 07/25/2026 @ 17:18
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