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For sale
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  • $135,000

    1557 27th St, Des Moines, IA 50311

    3beds
    1,092sqft
    : 
    Single Family Residence
    Built in 1905
    8,319.96 Square Feet Lot
    $129,900 Zestimate®
    $124/sqft
    $-- HOA

    What's special

    Investment opportunity! This cash-flowing 3-bedroom rental brings in $1,400/month with upside for rent increases. Tenant is on a flexible month-to-month lease, and the rental certificate is valid through Dec. 2027—no immediate compliance costs. Purchase as a stand-alone property or bundle with additional cash-flowing units in a larger portfolio. Owner is retiring—don’t miss the chance to add proven income producers to your holdings. Portfolio details: View Here Showings require 72 hours’ notice and will be accompanied by the property manager.
    13 days
    on Zillow
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    371
    |
    12
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    Zillow last checked: 7 hours ago

    Listing updated: August 14, 2025 at 02:35pm

    Listed by:

    Jeff Downing (515)257-6477,

    LPT Realty, LLC,

    Randy Murphy 515-669-9332,

    LPT Realty, LLC

    Source: DMMLS,MLS#: 724354MLS LogoOriginating MLS: Des Moines Area Association of REALTORS
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    Next available tour time:Today at 4:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bedrooms: 3
    Interior area
    • Total structure area: 1,092
    • Total interior livable area: 1,092 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 8,319.96 Square Feet
    • Dimensions: 50 x 166
    Details
    • Parcel number: 08003017000000
    • Zoning: N5

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1905

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Des Moines

    Financial & listing details

    • Price per square foot: $124/sqft
    • Tax assessed value: $89,600
    • Annual tax amount: $1,878
    • Date on market: 8/14/2025
    • Listing terms: Cash,Conventional
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