Turnkey duplex opportunity at 1527 Forest Ave in Des Moines—perfect for investors! This solid brick and stucco property features two spacious 2-bed/1-bath units, both with original hardwood floors, updated electrical, and composite windows. Recent exterior upgrades include a brand-new roof, soffit, gutters, and fascia. Located directly across from a park on a corner lot, the property offers plenty of parking and strong tenant appeal. With leases in place and tenants covering utilities, this low-maintenance asset is ready to cash flow from day one.
For sale
Price cut: $5K (7/29)
$244,000
1527 Forest Ave, Des Moines, IA 50314
4beds
3,729sqft
Est.:
Multi Family
Built in 1924
-- sqft lot
$-- Zestimate®
$65/sqft
$-- HOA
What's special
Original hardwood floorsCorner lotComposite windowsBrand-new roof
- 87 days
- on Zillow |
- 332 |
- 26 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 07:22am
Listed by:
Fitzgerald, Eric (507)382-1570,
Keller Williams Realty GDM,
Darson Grantham 641-745-0156,
Keller Williams Realty GDM
Source: DMMLS,MLS#: 716534
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: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Stove
Features
- Basement: Unfinished
Interior area
- Total structure area: 3,729
- Total interior livable area: 3,729 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,268.88 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 792434303013
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $65/sqft
- Tax assessed value: $152,600
- Annual tax amount: $3,307
- Date on market: 5/12/2025
- Listing terms: Cash,Conventional,Contract
- Tenant pays: Electricity, Gas, Insurance
- Road surface type: Concrete
- Loading
- Loading