Discover the potential in this Des Moines multifamily property, Perfect for investors and flippers alike.
This property features two units. A cozy-2-bedroom, 1-Bathroom unit complete with its own kitchen and living area. Ideal for singles, couples, or as a rental unit. Another spacious 3-bedroom, 1- bathroom unit, also equipped with a private kitchen and living area. Perfect for families or tenants seeking more space. The unfinished basement includes laundry. Current rental certificate good through March 2026. Weather you're looking to expand your investment portfolio or take on a rewarding flip project, this property offers endless possibilities. Don't miss out on this fantastic opportunity to own a versatile multi-family home in a prime Des Moines location.
For sale
$200,000
1429 Martin Luther King Jr Pkwy, Des Moines, IA 50314
5beds
2,544sqft
Est.:
Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$79/sqft
$-- HOA
What's special
- 4 days
- on Zillow |
- 255 |
- 5 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 21, 2025 at 06:02am
Listed by:
Amanda Welch (515)577-6581,
RE/MAX Concepts,
Valerie Kenworthy 515-988-7469,
RE/MAX Concepts
Source: DMMLS,MLS#: 724634
Originating MLS: Des Moines Area Association of REALTORS

Travel times
Tour with a buyer's agent
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- Window Unit(s)
Features
- Basement: Unfinished
Interior area
- Total structure area: 2,544
- Total interior livable area: 2,544 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,403.32 Square Feet
- Dimensions: 50 x 128
Details
- Parcel number: 08004325000000
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Year built: 1905
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: $79/sqft
- Tax assessed value: $122,900
- Annual tax amount: $2,710
- Date on market: 8/20/2025
- Listing terms: Cash,Conventional
- Road surface type: Concrete
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