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$ 199,000
Est. payment /mo
Price Dropped by $11K
1987 & 1989 SW 1st Street Des Moines, IA 50315
3 Beds
2 Baths
1,436 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,436 sqft
Price per Sqft $138
MLS Listing ID 738867
Style Bungalow,One and One Half Story
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,701
Lot Size 8,581 Sqft
Acres 0.197
Property Description
Two homes on one lot—ideal investment or house hack opportunity! Property includes 1987 & 1989 SW 1st St. 1987 is a 1.5 story featuring 2 bedrooms, 1 bath, and is currently vacant—move-in or rent-ready for immediate occupancy (currently being advertised for rent at $1,100). 1989 offers 1 bedroom, 1 bath and is currently tenant occupied, providing instant rental income (current rent is $850). Separate living spaces allow flexibility for owner-occupants or investors looking to maximize cash flow. Convenient location with easy access to downtown, major roads, and amenities. Great opportunity to live in one unit while the other helps offset your mortgage or add to your portfolio with a turnkey income-producing property.
Location
State IA
County Polk
Area Des Moines S.West
Zoning N5
Rooms
Basement Unfinished
Interior
Heating Forced Air, Gas, Natural Gas
Fireplace No
Exterior
Roof Type Asphalt,Shingle
Private Pool No
Building
Entry Level One and One Half
Sewer Public Sewer
Water Public
Level or Stories One and One Half
Schools
School District Des Moines Independent
Others
Tax ID 02002923000000
Monthly Total Fees $225
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by Keller Williams Realty GDM
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