Income-Producing 4-Unit Multi-Family in Des Moines! Ideally located just minutes from downtown Des Moines and steps from public transportation, this clean, well-maintained four-plex is a turnkey investment. The building offers two two-bedroom, one-bath units and two three-bedroom, one-bath units , all with a current rental certificate—an excellent opportunity for investors or live-in owners seeking steady income. The listing also includes the corner lot at 1602 16th Street , providing valuable outdoor space and off-street parking . Recent upgrades in 2025 feature fresh exterior paint and a newly sealed roof. Additional i mprovements include replacement windows, updated decking and stairs, new gutters, and upgraded furnaces , ensuring comfort and peace of mind. With a central location close to downtown amenities, transit, and major roadways, this property combines convenience with reliability. Don’t miss your chance to own a ready-made income property in the heart of Des Moines!
Sold for $250,000 on 11/20/25
Zestimate®
$250,000
1604 16th St, Des Moines, IA 50314
10beds
3,264sqft
Multi Family, Apartment
Built in 1914
-- sqft lot
$250,000 Zestimate®
$77/sqft
$1,304 Estimated rent
Home value
$250,000
$238,000 - $263,000
$1,304/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 08:18am
Listed by:
Angela Ousley (515)988-6609,
Zealty Home Advisors,
Ryan Rivera 515-554-5870,
Zealty Home Advisors
Bought with:
Andy Algreen
Keller Williams Realty GDM
Source: DMMLS,MLS#: 724949
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Gas, Natural Gas
Cooling
- None
Features
- Flooring: Carpet, Vinyl
- Basement: Walk-Out Access
Interior area
- Total structure area: 3,264
- Total interior livable area: 3,264 sqft
- Finished area below ground: 400
Property
Lot
- Size: 5,357 sqft
- Dimensions: 50 x 107
Details
- Parcel number: 08004979000000
- Zoning: N5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Metal Siding
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- Year built: 1914
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Sold | $250,000+25%$77/sqft |
Source:  DMMLS #724949 | ||
| 11/4/2025 | Pending sale | $200,000$61/sqft |
Source: DMMLS #724949 | ||
| 8/26/2025 | Listed for sale | $200,000+1233.3%$61/sqft |
Source: DMMLS #724949 | ||
| 1/25/2016 | Sold | $15,000$5/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,143 +22.6% | $91,300 |
| 2023 | $1,748 -14.5% | $91,300 +23% |
| 2022 | $2,044 +12.6% | $74,200 |
Find assessor info on the county website
Neighborhood: Mondamin Presidential
Nearby schools
GreatSchools rating
- 4/10King Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Meredith Middle SchoolGrades: 6-8Distance: 3 mi
- 2/10Hoover High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- District: Des Moines Independent
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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