1206 39th Street
Des Moines, IA 50311
4
Bed
3
Bath
1,964Sqft
0.09Acre(Lot)
$2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2 years. This property is in a high-demand rental area, with proximity to local amenities, schools, and public transportation. Whether you're looking to add to your existing investment cash flowing portfolio or step into the Des Moines rental market for the first time, this location offers excellent cash flow potential with minimal maintenance concerns due to recent updates. (Neighboring property 3903 University
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Bathroom Information
Total Baths: 3 Full Baths: 3Room Information
Has Basement: Yes Basement: Unfinished -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Oven, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Electric Has Cooling: Yes Cooling: Window Unit(s)
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Building Information
Year Built: 1918 Building Area Total: 1964 Construction Materials: Asbestos Private Pool: No
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Lot Information
Main Square Feet: 0.085 Acres Lot Size Acres: 0.085 Lot Size Square Feet: 3709
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Listing Price Information
Listing Price: $225000 Cash, Conventional
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Tax Information
Parcel Number: 7924-32-377-049 Tax Year: 2025 Annual Tax: $3303 Tax Legal Desc: N 43 FT S 143 FT E 86 1/4 FT LOT 61 CHETWYND
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Utility Information
Electricity Available, Water Available -
Location Information
Direction: Head west on East 3rd Street, then turn left onto Martin Luther King Jr. Parkway (US-69) heading north. Continue on MLK Jr. Parkway for about two miles and then turn left onto 39th Street. Follow 39th Street for a short distance, and the property will be on the left side. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1175 21st Street, Des Moines, IA, 50311 | $210,000 | 6 | 3 | 1,568 | 1,568 SqFt |
| 1147 36th Street, Des Moines, IA, 50311 | $345,000 | 5 | 4 | 2,048 | 2,048 SqFt |
| 1319 39th Street, Des Moines, IA, 50311 | $324,900 | 4 | 4 | 1,972 | 1,972 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 06/11/2026 @ 12:11
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