$259,000

Estimated payment $1,691/month

Total Views 216,488
-- Bed
3 Baths
2,140 Sq Ft
$121 Price per Sq Ft

Highlights

  • 3 Kitchens
  • Laundry Room
  • Forced Air Heating System
  • No HOA

About This Home

Investor opportunity in the heart of Des Moines! Located at 2400 SE 8th St, this multi-family property offers strong rental potential with three separate units—two 1-bed/1-bath units and one 2-bed/1-bath unit—spread across 2,140 sq ft of living space. The property has a masonry foundation, an unfinished basement for additional storage, and off-street parking potential. With each unit already equipped with essential appliances, this is a turnkey investment with the ability to generate immediate cash flow. Just minutes from downtown Des Moines and major transportation routes, this property is an ideal addition to any investor's portfolio.

Listing Agent

Eric Fitzgerald

Keller Williams Realty GDM Listed on: 05/12/2025

Keller Williams Realty GDM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,794

Year Built

  • Built in 1890

Lot Details

  • 5,590 Sq Ft Lot

Parking

  • Driveway

Home Design

  • Brick Foundation
  • Stucco

Interior Spaces

  • 2,140 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Kitchen

  • 3 Kitchens
  • Stove

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 782415255012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,794

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Style: Two Story
  • Lp Amt Sq Ft: 121.03
  • Termite: Follow Showing Instructions
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Refrigerators: 3
  • Stoves Total: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • First Floor Full Bathrooms: 2
  • Second Floor Full Bathrooms: 1
  • Basement Description: Unfinished
  • Kitchens: 3
  • Laundry: Yes
  • Included Items: Dryer, Refrigerator, Stove, Washer
  • Living Area Sq Ft: 2140
  • Total Sq Ft: 2140

Exterior Features

  • Exterior: Stucco
  • Foundation: Brick
  • Street Feature: Concrete

Garage/Parking

  • Driveway: Concrete

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Window Unit
  • Heat: Gas Forced Air
  • Separate Meters: Y

Condo/Co-op/Association

  • Association Fee: No
  • Manager: Yes

Schools

  • School District: Des Moines Independent

Lot Info

  • Acres: 0.1280
  • Lot S F: 5590
  • Lot Shape: Regular
  • Assessor Parcel Number: 782415255012
  • Zoning: N3B

Rental Info

  • Deposit: Yes
  • Furnished: No
  • Landlord Tenant Utilities: Electric Tenant, Gas Tenant, Insurance Tenant

Tax Info

  • Gross Taxes: 3794.00
  • Net Taxes: 3794.00
  • Tax Year: 25

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Des Moines Independent

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $3,660 $186,000 $19,700 $166,300
2023 $3,558 $186,000 $19,700 $166,300
2022 $4,160 $151,000 $16,500 $134,500
2021 $3,702 $151,000 $16,500 $134,500
2020 $4,158 $124,000 $15,000 $109,000
2019 $4,469 $124,000 $15,000 $109,000
2018 $4,670 $124,000 $15,000 $109,000
2017 $4,390 $124,000 $15,000 $109,000
2016 $4,576 $112,000 $12,500 $99,500
2015 $4,576 $112,000 $12,500 $99,500
2014 $4,353 $100,000 $12,500 $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $259,000 +115.8% $121 / Sq Ft
09/21/2018 09/21/18 Sold $120,000 -20.0% $56 / Sq Ft
09/04/2018 09/04/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $150,000 -- $70 / Sq Ft
Source: Des Moines Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $130,000 None Available
Warranty Deed $120,000 None Available
Quit Claim Deed -- None Available
Corporate Deed $69,500 Itc
Sheriffs Deed $78,000 None Available
Warranty Deed $94,500 --
Warranty Deed $50,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $140,235 Future Advance Clause Open End Mortgage
Previous Owner $90,000 Commercial
Previous Owner $120,983 Unknown
Previous Owner $112,500 Commercial
Previous Owner $90,000 Seller Take Back
Previous Owner $100,000 Commercial
Previous Owner $40,050 Commercial
Source: Public Records

About the Listing Agent

Eric Fitzgerald

Keller Williams Realty GDM

(515) 800-8145

Section Image

Eric's Other Listings

  • 619 Palmer Place, Des Moines, IA 50315

    $159,000

    • 3 Beds
    • 1 Bath
    • 1,122 Sq Ft
    • 619 Palmer Place
    • Des Moines, IA

    Opportunity is wide open at 619 Palmer Place. This 3-bedroom, 1-bath home features a functional layout with a bright mudroom, tons of storage, and a large deck and patio area — perfect for outdoor living and future tenant appeal. Vacant and ready for immediate occupancy, whether you're looking to place a tenant, move in, or make light improvements to boost value. Located just off University

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1319 E 9th St, Des Moines, IA 50316

    $149,000

    • 4 Beds
    • 1.5 Baths
    • 1,131 Sq Ft
    • 1319 E 9th St
    • Des Moines, IA

    Great project for investors! This 4-bed, 1.5-bath home offers a huge lot with alley access to a 2-car garage. It’s got a solid brick foundation, large trees, and the nice colors make this cute home's exterior very pleasant. Located in the Capitol Park area, it’s close to downtown Des Moines, parks, and schools, making it perfect for rental or a flip.

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 2900 High St, Des Moines, IA 50312

    $275,000

    • Studio
    • 2 Baths
    • 3,146 Sq Ft
    • 2900 High St
    • Des Moines, IA

    Fantastic income-producing duplex just one block from Ingersoll Avenue! This well-maintained property features two spacious units, large kitchens with dining areas, and bright, open living spaces. There are separate laundry units in the basement for each unit. Recent updates include a new roof (2022), foundation repair (2023), electrical panels have been upgraded to 200 A service and the wiring

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1527 Forest Ave, Des Moines, IA 50314

    $249,000

    • Studio
    • 2 Baths
    • 3,729 Sq Ft
    • 1527 Forest Ave
    • Des Moines, IA

    Turnkey duplex opportunity at 1527 Forest Ave in Des Moines—perfect for investors! This solid brick and stucco property features two spacious 2-bed/1-bath units, both with original hardwood floors, updated electrical, and composite windows. Recent exterior upgrades include a brand-new roof, soffit, gutters, and fascia. Located directly across from a park on a corner lot, the property offers

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1344 21st St, Des Moines, IA 50311

    $164,900

    • 2 Beds
    • 1 Bath
    • 1,365 Sq Ft
    • 1344 21st St
    • Des Moines, IA

    Great investment opportunity in a prime location! This 2-bed, 1-bath home offers 1,375 sq ft of living space on a spacious 9,408 sq ft lot. Located across from a park, it offers peaceful surroundings boasting 2 giant Magnolia trees and a pretty yard with easy access to Drake and downtown Des Moines. Perfect for a rental or flip, this property has room to grow with a huge 2-car garage with shop

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1555 16th St, Des Moines, IA 50314

    $120,000

    • 2 Beds
    • 1 Bath
    • 812 Sq Ft
    • 1555 16th St
    • Des Moines, IA

    Big corner lot with 2-bed, 1-bath bungalow with 812 sq ft of living space on a large 7,100 sq ft lot. Solid 1908 build with an oversized garage across from a park and close to downtown. This property offers strong rental potential or a great value-add flip. Plenty of off-street parking and room to build equity—perfect for investors looking to grow their portfolio.

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 2112 Washington Ave, Des Moines, IA 50310

    $129,000

    • 2 Beds
    • 1.5 Baths
    • 1,124 Sq Ft
    • 2112 Washington Ave
    • Des Moines, IA

    2112 Washington Ave is ready to go near the Drake neighborhood. This 2-bedroom, 1.5-bath home offers over 1,100 square feet of living space, first-floor laundry, and a hard-to-find attached 1-car garage. Tenant already in place, making this a true plug-and-play asset for investors looking to strengthen their portfolio without the hassle of finding immediate occupancy. The layout is functional,

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 1927 22nd St, Des Moines, IA 50310

    $119,000

    • 2 Beds
    • 1 Bath
    • 855 Sq Ft
    • 1927 22nd St
    • Des Moines, IA

    This 2-bedroom, 1-bath home with vinyl siding and composite windows sits on a large lot, offering both immediate rental income potential and long-term upside. The expansive backyard could support future additions, outdoor amenities, or simply boost tenant appeal for renters looking for extra space. Located in a strong rental corridor just minutes from downtown, this property is ideal for

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image
  • 2219 Lincoln Ave, Des Moines, IA 50310

    $137,000 Pending

    • 2 Beds
    • 1 Bath
    • 830 Sq Ft
    • 2219 Lincoln Ave
    • Des Moines, IA

    Positioned just off MLK Jr. Parkway, 2219 Lincoln Ave offers the charm and function that smart buyers look for. This 2-bedroom bungalow features an enclosed front patio perfect for enjoying morning coffee or evening sunsets, composite windows, and durable flooring throughout the living areas, kitchen, and bedrooms. The kitchen provides ample cabinet space complemented by a reliable furnace and

    Eric Fitzgerald Keller Williams Realty GDM

    Section Image

Source: Des Moines Area Association of REALTORS®

MLS Number: 716525

Des Moines Area Association of REALTORS®

APN: 010/00138-000-000