This fully rented 3-plex offers a strong investment in the heart of Des Moines, featuring three 1-bedroom, 1-bathroom units with current rents at $700, $775, and $800. With steady cash flow and low vacancy risk, this property is ideal for both seasoned investors and those looking to start or grow their portfolio. Recent updates provide peace of mind and added value, including a new installed within the last year, update siding, interior improvements to several units including new flooring, fresh paint, and an updated kitchen. 1 Unit has a new furnace, 2 units have new central A/C Systems. This is conveniently located near downtown amenities, public transit, and major thoroughfares.
For sale
$215,000
1315 E 12th St, Des Moines, IA 50316
--beds
1,621sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$211,300 Zestimate®
$133/sqft
$-- HOA
What's special
Update sidingFresh paintUpdated kitchenNew furnace
- 8 days
- on Zillow |
- 244 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 10:50am
Listed by:
Jeff Horner (515)633-7960,
Gillum Group Real Estate LLC
Source: DMMLS,MLS#: 723486
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
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air, Window Unit(s)
Features
- Basement: Unfinished
Interior area
- Total structure area: 1,621
- Total interior livable area: 1,621 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 7,579.44 Square Feet
- Dimensions: 50 x 152
Details
- Parcel number: 11001370000000
- Zoning: R1-60
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Roof: Asphalt,Shingle
Condition
- Year built: 1900
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: $133/sqft
- Tax assessed value: $138,000
- Annual tax amount: $2,812
- Date on market: 7/25/2025
- Listing terms: Cash,Conventional
- Road surface type: Concrete
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