1118 23rd St Des Moines, IA 50311
Drake NeighborhoodEstimated payment $915/month
Total Views
83,227
Studio
2
Baths
1,874
Sq Ft
$72
Price per Sq Ft
Highlights
- 2 Kitchens
- Laundry Room
- Asbestos
- No HOA
- Forced Air Heating System
- 2-minute walk to Drake Park
About This Home
Looking for a smart investment in a neighborhood that keeps getting better? This two-story home has been converted into a duplex in the heart of the growing Drake University area—offering flexibility whether you’re an owner-occupant or a long-term investor. Live in one unit and let the other help offset your mortgage, or keep both units rented and enjoy steady cash flow from day one. Both units feature 2 bedrooms and 1 bathroom and currently rent for $730 each. Tenants pay their own electric bill, while water and gas is paid by the landlord. The rental certificate will be provided upon request. Opportunities like this don’t hang around long—especially at this price point. Schedule your showing before someone else does.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,337
Year Built
- Built in 1908
Lot Details
- 6,400 Sq Ft Lot
- Lot Dimensions are 40x160
Parking
- Driveway
Home Design
- Brick Foundation
- Asphalt Shingled Roof
- Asbestos
Interior Spaces
- 2 Full Bathrooms
- 1,874 Sq Ft Home
- 2-Story Property
- Laundry Room
- Unfinished Basement
Kitchen
- 2 Kitchens
- Stove
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 03001489000000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,104 | $124,000 | $25,900 | $98,100 |
| 2024 | $2,104 | $107,000 | $22,300 | $84,700 |
| 2023 | $1,958 | $107,000 | $22,300 | $84,700 |
| 2022 | $1,944 | $83,100 | $18,000 | $65,100 |
| 2021 | $1,826 | $83,100 | $18,000 | $65,100 |
| 2020 | $1,898 | $73,200 | $16,000 | $57,200 |
| 2019 | $1,854 | $73,200 | $16,000 | $57,200 |
| 2018 | $1,836 | $69,000 | $11,800 | $57,200 |
| 2017 | $1,694 | $69,000 | $11,800 | $57,200 |
| 2016 | $1,650 | $62,600 | $10,700 | $51,900 |
| 2015 | $1,650 | $62,600 | $10,700 | $51,900 |
| 2014 | $1,552 | $58,400 | $9,900 | $48,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/13/2026 03/13/26 | For Sale | $135,000 | 0.0% | $72 / Sq Ft | |
| 03/13/2026 03/13/26 | Pending | -- | -- | -- | |
| 02/25/2026 02/25/26 | Price Changed | $135,000 | -3.6% | $72 / Sq Ft | |
| 01/15/2026 01/15/26 | For Sale | $140,000 | +7.7% | $75 / Sq Ft | |
| 09/01/2022 09/01/22 | Sold | $129,999 | 0.0% | $69 / Sq Ft | View Prior Sale |
| 08/10/2022 08/10/22 | Pending | -- | -- | -- | |
| 07/27/2022 07/27/22 | For Sale | $129,999 | 0.0% | $69 / Sq Ft | |
| 07/27/2022 07/27/22 | Pending | -- | -- | -- | |
| 07/20/2022 07/20/22 | For Sale | $129,999 | +465.2% | $69 / Sq Ft | |
| 07/02/2014 07/02/14 | Sold | $23,000 | -53.1% | $16 / Sq Ft | View Prior Sale |
| 06/06/2014 06/06/14 | Pending | -- | -- | -- | |
| 04/16/2014 04/16/14 | For Sale | $49,000 | -- | $33 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $130,000 | -- | |
| Warranty Deed | $23,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $123,499 | New Conventional |
Source: Public Records
About the Listing Agent
First... if you are searching for the best community in the metro or the pros and cons of each area, check out my Youtube Channel! https://www.youtube.com/channel/UCMDnslJ-iDbz_1OLYk1Moyw
Darson is a father of three boys and husband to his beautiful wife. He’s had W2 jobs, side businesses, contract work, and now the job that fits all his wants and needs: Realtor. He’s found a need for a real estate agent that can articulate the financial impact of a real estate purchase or sale on an
Darson's Other Listings
Source: Des Moines Area Association of REALTORS®
MLS Number: 732729
APN: 030-01489000000
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