3903 University Ave Des Moines, IA 50311
Drake NeighborhoodEstimated payment $1,651/month
Total Views
80,729
Studio
4
Baths
2,816
Sq Ft
$87
Price per Sq Ft
Highlights
- 4 Kitchens
- No HOA
- Baseboard Heating
About This Home
$3393/mo of rental income and the owner is only paying for the water usage. Great 4 plex with good rental income and current tenants. All other utilizes are paid by the tenants. Great location close to downtown and close to Drake University. Package deal available with 1206 39th st with the right offer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,127
Year Built
- Built in 1918
Parking
- Gravel Driveway
Home Design
- 2,816 Sq Ft Home
- Block Foundation
- Asphalt Shingled Roof
- Stucco
Kitchen
- 4 Kitchens
- Stove
Utilities
- Window Unit Cooling System
- Baseboard Heating
Additional Features
- 4 Full Bathrooms
- 8,621 Sq Ft Lot
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 100-02456000000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Gross Income $3,393
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 | $3,994 | $219,000 | $31,200 | $187,800 |
| 2024 | $3,994 | $203,000 | $27,400 | $175,600 |
| 2023 | $3,888 | $203,000 | $27,400 | $175,600 |
| 2022 | $4,544 | $165,000 | $22,900 | $142,100 |
| 2021 | $4,032 | $165,000 | $22,900 | $142,100 |
| 2020 | $4,528 | $135,000 | $20,800 | $114,200 |
| 2019 | $3,966 | $135,000 | $20,800 | $114,200 |
| 2018 | $4,218 | $112,000 | $20,800 | $91,200 |
| 2017 | $3,958 | $112,000 | $20,800 | $91,200 |
| 2016 | $4,126 | $101,000 | $17,500 | $83,500 |
| 2015 | $4,126 | $101,000 | $17,500 | $83,500 |
| 2014 | $4,024 | $90,000 | $17,500 | $72,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2026 04/28/26 | Price Changed | $245,000 | -10.9% | $87 / Sq Ft |
| 02/04/2026 02/04/26 | For Sale | $275,000 | -- | $98 / Sq Ft |
Source: Des Moines Area Association of REALTORS®
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: 733823
APN: 100-02456000000
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