3419 1st St Des Moines, IA 50313
Highland Park NeighborhoodEstimated payment $1,846/month
Total Views
1,473
--
Bed
7
Baths
3,306
Sq Ft
$76
Price per Sq Ft
Highlights
- 7 Kitchens
- No HOA
- Hot Water Heating System
About This Home
Investor’s dream in the heart of Highland Park! This fully occupied 7-unit multi-family property offers strong, consistent income and holds a current rental certificate, making it a perfect turnkey addition to your portfolio. Originally a single-family home, this property has been thoughtfully converted into a 7-plex with a mix of unit sizes, offering steady demand in a highly rentable location. 7 total units – fully leased with strong rental history. Current rental certificate in place – compliant and ready to go. Separately metered utilities. Prime Highland Park location – steps to public transportation, shopping, laundromat. Off-street parking and easy tenant access. Solid income-producing property, whether you're a seasoned investor or just getting started, this property offers stability, great location, and future upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,586
Year Built
- Built in 1890
Lot Details
- 9,825 Sq Ft Lot
- Lot Dimensions are 75x131
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,306 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Kitchen
- 7 Kitchens
- Stove
Parking
- 2 Car Detached Garage
- Driveway
Utilities
- Window Unit Cooling System
- Hot Water Heating System
Community Details
- No Home Owners Association
- 7 Units
- Renter's Warehouse Association, Phone Number (515) 528-4429
Listing and Financial Details
- Assessor Parcel Number 07002137000000
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 | $5,390 | $274,000 | $24,800 | $249,200 |
| 2023 | $5,256 | $274,000 | $24,800 | $249,200 |
| 2022 | $6,142 | $223,000 | $20,800 | $202,200 |
| 2021 | $5,464 | $223,000 | $20,800 | $202,200 |
| 2020 | $6,138 | $183,000 | $18,900 | $164,100 |
| 2019 | $5,382 | $183,000 | $18,900 | $164,100 |
| 2018 | $5,726 | $152,000 | $18,900 | $133,100 |
| 2017 | $5,368 | $152,000 | $18,900 | $133,100 |
| 2016 | $5,598 | $137,000 | $15,500 | $121,500 |
| 2015 | $5,598 | $137,000 | $15,500 | $121,500 |
| 2014 | $8,138 | $182,000 | $15,500 | $166,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2025 07/12/25 | For Rent | $700 | +16.7% | -- |
| 05/22/2025 05/22/25 | For Rent | $600 | 0.0% | -- |
| 05/05/2025 05/05/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | For Sale | $249,900 | -- | $76 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $115,000 | None Available | |
| Corporate Deed | $117,000 | None Available | |
| Warranty Deed | $131,500 | -- | |
| Warranty Deed | $91,500 | -- | |
| Contract Of Sale | $92,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $119,250 | Credit Line Revolving | |
| Previous Owner | $73,600 | Commercial | |
| Closed | $0 | Seller Take Back |
Source: Public Records
Similar Homes in Des Moines, IA
Source: Des Moines Area Association of REALTORS®
MLS Number: 716291
APN: 070-02137000000
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