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For sale
  • $225,000

    1206 39th St, Des Moines, IA 50311

    4beds
    1,964sqft
    : 
    Multi Family
    Built in 1918
    -- sqft lot
    $-- Zestimate®
    $115/sqft
    $-- HOA

    What's special

    $2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2 years. This property is in a high-demand rental area, with proximity to local amenities, schools, and public transportation. Whether you're looking to add to your existing investment cash flowing portfolio or step into the Des Moines rental market for the first time, this location offers excellent cash flow potential with minimal maintenance concerns due to recent updates. (Neighboring property 3903 University is also for sale, would consider a discount if sold together)
    13 days
    on Zillow
    |
    490
    |
    44
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 25, 2025 at 08:46am

    Listed by:

    Darson Grantham (641)745-0156,

    Keller Williams Realty GDM

    Source: DMMLS,MLS#: 722298MLS LogoOriginating MLS: Des Moines Area Association of REALTORS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1206 39th St.

    Next available tour time:Today at 6pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Electric
    Cooling
    • Window Unit(s)
    Appliances
    • Included: Built-In Oven, Refrigerator
    Features
    • Basement: Unfinished
    Interior area
    • Total structure area: 1,964
    • Total interior livable area: 1,964 sqft

    Property

    Features
    • Levels: One and One Half
    Lot
    • Size: 3,702.6 Square Feet
    Details
    • Parcel number: 792432377049
    • Zoning: NX1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: One and One Half Story
    • Property subtype: Multi Family
    Materials
    • Asbestos
    • Foundation: Brick/Mortar
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1918

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Water Available

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Des Moines

    Financial & listing details

    • Price per square foot: $115/sqft
    • Tax assessed value: $162,000
    • Annual tax amount: $3,303
    • Date on market: 7/24/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity
    • Road surface type: Asphalt
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