Great investment opportunity in a great location near downtown Des Moines! This duplex offers versatility—perfect for an owner-occupant looking to offset their mortgage or for an investor seeking strong rental potential. Each unit features 3 bedrooms and 1 full bathroom, each unit includes a stove and refrigerator. Unit 1 is located on the upper level, while Unit 2 is on the main floor, offering ideal separation and privacy. Both have spacious living areas, and functional layouts. Conveniently located within walking distance to Principal Park, the Downtown Farmers Market, restaurants, shopping, and more. Easy access to major roads and public transportation. Whether you're looking to live in one unit and rent the other or add to your investment portfolio, this property offers flexibility and location appeal. Don’t miss this excellent opportunity to own a duplex in the heart of Des Moines!
For sale
Price cut: $20K (7/28)
$235,000
124 E Olinda Ave, Des Moines, IA 50315
6beds
2,422sqft
Est.:
Multi Family
Built in 1913
-- sqft lot
$224,900 Zestimate®
$97/sqft
$-- HOA
What's special
Functional layoutsMain floorUpper levelStove and refrigerator
- 80 days
- on Zillow |
- 371 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 07:58am
Listed by:
Misty Darling (515)962-5555,
BH&G Real Estate Innovations,
Samantha Hammer 515-478-3664,
BH&G Real Estate Innovations
Source: DMMLS,MLS#: 718590
Originating MLS: Des Moines Area Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Interior area
- Total structure area: 2,422
- Total interior livable area: 2,422 sqft
- Finished area below ground: 920
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,187.4 Square Feet
- Dimensions: 54 x 133
- Features: Rectangular Lot
Details
- Parcel number: 01001364001000
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Brick/Mortar, Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 1913
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $97/sqft
- Tax assessed value: $121,500
- Annual tax amount: $2,498
- Date on market: 5/21/2025
- Listing terms: Cash,Conventional
- Road surface type: Concrete
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