124 E Olinda Ave Des Moines, IA 50315
Indianola Hills NeighborhoodEstimated payment $1,616/month
Total Views
3,779
--
Bed
2
Baths
2,422
Sq Ft
$105
Price per Sq Ft
Highlights
- 2 Kitchens
- Laundry Room
- Forced Air Heating and Cooling System
- No HOA
About This Home
Great investment opportunity in a great location near downtown Des Moines! This duplex offers versatility—perfect for an owner-occupant looking to offset their mortgage or for an investor seeking strong rental potential. Each unit features 3 bedrooms and 1 full bathroom, each unit includes a stove and refrigerator. Unit 1 is located on the upper level, while Unit 2 is on the main floor, offering ideal separation and privacy. Both have spacious living areas, and functional layouts. Conveniently located within walking distance to Principal Park, the Downtown Farmers Market, restaurants, shopping, and more. Easy access to major roads and public transportation. Whether you're looking to live in one unit and rent the other or add to your investment portfolio, this property offers flexibility and location appeal. Don’t miss this excellent opportunity to own a duplex in the heart of Des Moines!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,499
Year Built
- Built in 1913
Lot Details
- 7,209 Sq Ft Lot
- Lot Dimensions are 54x133
Parking
- Driveway
Home Design
- Brick Foundation
- Slab Foundation
- Asphalt Shingled Roof
- Stucco
Interior Spaces
- 2 Full Bathrooms
- 2,422 Sq Ft Home
- 2-Story Property
- 2 Kitchens
- Laundry Room
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 01001364001000
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 |
|---|---|---|---|---|
| 2024 | $2,184 | $121,500 | $20,900 | $100,600 |
| 2023 | $1,986 | $121,500 | $20,900 | $100,600 |
| 2022 | $2,178 | $93,100 | $17,000 | $76,100 |
| 2021 | $2,018 | $93,100 | $17,000 | $76,100 |
| 2020 | $2,098 | $80,900 | $14,800 | $66,100 |
| 2019 | $1,914 | $80,900 | $14,800 | $66,100 |
| 2018 | $1,894 | $71,200 | $13,300 | $57,900 |
| 2017 | $1,768 | $71,200 | $13,300 | $57,900 |
| 2016 | $1,724 | $65,400 | $12,100 | $53,300 |
| 2015 | $1,724 | $65,400 | $12,100 | $53,300 |
| 2014 | $1,680 | $65,600 | $12,100 | $53,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | For Sale | $255,000 | +150.0% | $105 / Sq Ft |
| 12/05/2017 12/05/17 | Sold | $102,000 | -11.3% | $42 / Sq Ft |
| 11/05/2017 11/05/17 | Pending | -- | -- | -- |
| 10/20/2017 10/20/17 | For Sale | $115,000 | -- | $47 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $235,000 | None Available | |
| Warranty Deed | $102,000 | None Available | |
| Warranty Deed | $96,500 | -- | |
| Warranty Deed | $67,000 | -- | |
| Contract Of Sale | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $230,743 | FHA | |
| Previous Owner | $110,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $77,600 | Commercial | |
| Previous Owner | $67,500 | Credit Line Revolving | |
| Previous Owner | $67,500 | Commercial |
Source: Public Records
Similar Homes in Des Moines, IA
Source: Des Moines Area Association of REALTORS®
MLS Number: 718590
APN: 010-01364001000
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