658 18th Street
Des Moines, IA 50314
5
Bed
6
Bath
2,988Sqft
0.17Acre(Lot)
BRAND NEW RENTAL CERTIFICATE good through 2028! Gross rent $4,935 - Fully occupied 6-plex in the heart of Sherman Hill with separate gas and electric meters for each unit. Property features a mix of unit layouts, multiple kitchens and baths, and a shared basement with on-site laundry. Classic structure with solid bones offering opportunity for future improvements over time. Well-located in one of Des Moines’ most established neighborhoods with close proximity to downtown, Ingersoll, and major employers, supporting consistent rental demand. Financials available upon request
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 6 Full Baths: 6Room Information
Has Basement: Yes Basement: Unfinished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1880 Building Area Total: 2988 Construction Materials: Wood Siding Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 60X125 Main Square Feet: 0.172 Acres Lot Size Acres: 0.172 Lot Size Square Feet: 7500
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Listing Price Information
Listing Price: $399000 Original Price: $450000 Cash, Conventional
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Tax Information
Parcel Number: 03004205000000 Annual Tax: $3961 Tax Legal Desc: N 50 F LOT 23 & S 10 F LOT 24 RICKEYS ADDITION
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Location Information
Direction: From MLK turn east onto Woodland Ave and north onto 18th WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 217 Franklin Avenue, Des Moines, IA, 50314 | $329,000 | 3 | 3 | 1,559 | 0.39 Acre |
| 227 Clark Street, Des Moines, IA, 50314 | $214,900 | 3 | 1 | 1,339 | 0.35 Acre |
| 250 Franklin Avenue, Des Moines, IA, 50314 | $324,900 | 4 | 1 | 1,544 | 0.11 Acre |
| 328 Forest Avenue, Des Moines, IA, 50314 | $112,000 | 2 | 1 | 808 | 0.12 Acre |
| 1241 4th Street, Des Moines, IA, 50314 | $137,600 | 3 | 1 | 1,386 | 0.14 Acre |
| 1426 4th Street, Des Moines, IA, 50314 | $205,000 | 3 | 2 | 1,032 | 0.10 Acre |
| 1940 Arlington Avenue, Des Moines, IA, 50314 | $620,000 | 10 | 9 | 4,858 | 0.36 Acre |
| 1325 6th Avenue, Des Moines, IA, 50314 | $150,000 | 6 | 3 | 2,167 | 0.15 Acre |
| 1735 7th Street, Des Moines, IA, 50314 | $169,900 | 2 | 2 | 1,029 | 0.15 Acre |
| 1423 7th Street, Des Moines, IA, 50314 | $269,900 | 4 | 3 | 2,208 | 0.11 Acre |
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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 09/11/2026 @ 01:09
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