Ask a Question
Property Description
Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time investor looking to build a portfolio or a seasoned investor seeking an affordable value-add asset, this property offers stable income today with additional rental growth potential tomorrow. Current rental certificate in place. Financial information available upon request.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Window Unit(s)
Garage: 2
Heating: Hot Water, Natural Gas
Home Style: Two Story
Lot Size: 0.23 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Taxes: $5,579
Year Built: 1890
Feature Descriptions
Appliances: Refrigerator, Stove
Days on Site: 97
Exterior: Vinyl Siding
Lot: Rectangular Lot
Lot Dimensions: 75X131
Parcel#: 07002137000000
Parking: Detached, Garage, Two Car Garage
Parking Notes: Detached, Garage, Two Car Garage
Sewer: Public Sewer
Units: 7
Utilities: Electricity Available, Natural Gas Available, Water Available
Water: Public
Local Schools
School District: Des Moines Independent
Listed By / Shown By
Listed By
Agency Name: Zealty Home Advisors
Agency Phone: (515) 329-4667
Shown By
Agency Title: Hunziker & Associates, REALTORS
Agency Phone: 515-233-4450
TOUR THIS HOME
Choose a date and time to see 3419 1st Street, Des Moines, IA 50313.
An agent will get in touch to confirm your request shortly.
Estimate Your Payment
Estimated Payment
$ 464.92 per month $0.00 Principal & Interest $464.92 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
Print This Listingx
Select a format below, new window will open and will prompt you to print.
3419 1st Street | MLS# 735080
This multi-family property located at 3419 1st Street, Des Moines, IA 50313 is currently listed for sale with an asking price of call for price. 1st Street is located within the Des Moines Independent school district. Search Des Moines real estate on www.hunzikerrealty.com today.