3920-3922 E 38th Street
Des Moines, IA 50317
4
Bed
2
Bath
1,536Sqft
0.55Acre(Lot)
Investors, here’s an opportunity to add two more doors to your portfolio! This tenant-occupied Des Moines duplex offers immediate income with additional potential for future rental growth. The ranch-style property features two units, each with its own kitchen and living space, along with off-street parking and a large 0.55-acre lot. Major property features include a brick exterior, central air, gas forced-air heat, city water and sewer. Located just off Hubbell Ave with convenient access to shopping, dining, employment and other Des Moines amenities. Priced at $240,000—just $120,000 per door. For investors looking to scale further, 3906–3908 E 38th St is also available nearby, creating an opportunity to acquire four doors in the same immediate area. Purchase this property individually or c
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Has Basement: Yes Basement: Unfinished -
Flooring Information
Carpet -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1973 Building Area Total: 1536 Construction Materials: Brick Stories: 1 Private Pool: No
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Lot Information
Lot Dimensions: 80x300 Main Square Feet: 0.551 Acres Lot Size Acres: 0.551 Lot Size Square Feet: 24000 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $240000 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 06000065003000 Annual Tax: $4171 Tax Legal Desc: LT 3 APPLEWOOD-PLACE
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Location Information
Direction: Hubbell Ave to E 38th, north to property. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2778 NE Broadway Avenue, Des Moines, IA, 50317 | $214,900 | 3 | 2 | 921 | 0.35 Acre |
| 3124 Woodbury Circle, Des Moines, IA, 50317 | $549,000 | 4 | 3 | 1,428 | 0.44 Acre |
| 5688 Brookview Avenue, Des Moines, IA, 50317 | $360,750 | 3 | 2 | 1,492 | 0.17 Acre |
| 3132 Woodbury Circle, Des Moines, IA, 50317 | $423,990 | 4 | 3 | 1,579 | 0.30 Acre |
| 5684 Brookview Avenue, Des Moines, IA, 50317 | $345,750 | 3 | 2 | 1,321 | 0.17 Acre |
| 5615 Walnut Ridge Drive, Des Moines, IA, 50317 | $426,990 | 4 | 3 | 1,579 | 0.30 Acre |
| 5427 Leyden Avenue, Des Moines, IA, 50317 | $430,990 | 3 | 2 | 1,800 | -- |
| 5417 Leyden Avenue, Des Moines, IA, 50317 | $435,990 | 3 | 2 | 1,800 | -- |
| 5407 Leyden Avenue, Des Moines, IA, 50317 | $445,990 | 3 | 2 | 1,870 | -- |
| 5397 Leyden Avenue, Des Moines, IA, 50317 | $488,990 | 3 | 3 | 1,921 | -- |
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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 09/22/2026 @ 01:27
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