3419 1st Street
Des Moines, IA 50313
5
Bed
7
Bath
3,306Sqft
0.23Acre(Lot)
Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time inve
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 7 Full Baths: 7Room Information
Has Basement: Yes Basement: Unfinished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Cooktop, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1890 Building Area Total: 3306 Construction Materials: Vinyl Siding Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 75X131 Main Square Feet: 0.226 Acres Lot Size Acres: 0.226 Lot Size Square Feet: 9825 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $279900 Original Price: $300000 Cash, Conventional
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Tax Information
Parcel Number: 07002137000000 Tax Year: 2026 Annual Tax: $5579 Tax Legal Desc: LOT 15 & S 1/2 LOT 16 BLK 28 HIGHLAND PARK
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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: Euclid to 1st St, South to home. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 964 NE 64th Avenue, Des Moines, IA, 50313 | $392,500 | 4 | 3 | 1,410 | 1,410 SqFt |
| 1250 NE 52nd Avenue, Des Moines, IA, 50313 | $217,990 | 3 | 1 | 1,230 | 1,230 SqFt |
| 1020 NE 60th Avenue, Des Moines, IA, 50313 | $425,000 | 3 | 2 | 1,983 | 1,983 SqFt |
| 2337 Amherst Street, Des Moines, IA, 50313 | $139,000 | 2 | 1 | 1,080 | 1,080 SqFt |
| 3120 Amherst Street, Des Moines, IA, 50313 | $249,900 | 4 | 2 | 850 | 850 SqFt |
| 3805 Bowdoin Street, Des Moines, IA, 50313 | $230,000 | 5 | 2 | 2,015 | 2,015 SqFt |
| 3901 Bowdoin Street, Des Moines, IA, 50313 | $219,900 | 2 | 2 | 1,100 | 1,100 SqFt |
| 3803 Bowdoin Street, Des Moines, IA, 50313 | $180,000 | 3 | 2 | 902 | 902 SqFt |
| 3832 Bowdoin Street, Des Moines, IA, 50313 | $174,000 | 2 | 1 | 792 | 792 SqFt |
| 405 NE 43 Avenue, Des Moines, IA, 50313 | $274,000 | 3 | 2 | 1,205 | 1,205 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 06/14/2026 @ 02:10
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