401 Franklin Avenue
Des Moines, IA 50314
5
Bed
3
Bath
2,381Sqft
0.19Acre(Lot)
Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept. Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 3 Full Baths: 3Room 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, Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1901 Building Area Total: 2381 Construction Materials: Vinyl Siding Private Pool: No
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Lot Information
Main Square Feet: 0.192 Acres Lot Size Acres: 0.192 Lot Size Square Feet: 8352 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $200000 Cash, Conventional
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Tax Information
Parcel Number: 08000150001000 Annual Tax: $3196 Tax Legal Desc: -EX N 6F- E 2F W 1/2 LOT 11 RIVERVIEW PARK; AND ALL LOTS 11 & 12 W OF A LINE DRAWN FROM A PT 4 FT E OF NW COR LOT (complete is on assessor)
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Location Information
Direction: 6th Ave, N to Franklin Ave and take a right onto Franklin. WaterSource: Public
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ByOwner last updated this listing 06/10/2026 @ 13:57
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