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For sale
  • Price cut: $20K (7/28)
    $235,000

    124 E Olinda Ave, Des Moines, IA 50315

    6beds
    2,422sqft
    : 
    Multi Family
    Built in 1913
    -- sqft lot
    $224,900 Zestimate®
    $97/sqft
    $-- HOA

    What's special

    Functional layoutsMain floorUpper levelStove and refrigerator
    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!
    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#: 718590MLS 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 124 E Olinda Ave.

    Next available tour time:Monday at 9am

    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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