2400 SE 8th St Des Moines, IA 50315
Indianola Hills NeighborhoodEstimated payment $1,747/month
Total Views
223,219
--
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.
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
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 | $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's Other Listings
Source: Des Moines Area Association of REALTORS®
MLS Number: 716525
APN: 010/00138-000-000
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