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.
For sale
Street View
$135,000
1557 27th St, Des Moines, IA 50311
3beds
1,092sqft
Est.:
Single Family Residence
Built in 1905
8,319.96 Square Feet Lot
$129,900 Zestimate®
$124/sqft
$-- HOA
What's special
- 13 days
- on Zillow |
- 371 |
- 12 |
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#: 724354
Originating MLS: Des Moines Area Association of REALTORS

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Tour with a buyer's agent
Tour with a buyer's agent
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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