Great investor opportunity with this tri-plex in east Des Moines! This property is fully occupied with Units 1 and 2 bringing $850 per month and Unit 3 bringing $750 per month. Monthly costs are between $1600-$1800. Cash Flow is great if you're looking for a side hustle! 
Rental certificate in place. Open to creative financing.
Sold for $199,000 on 10/31/25
$199,000
1642 E Grand Ave, Des Moines, IA 50316
4beds
1,768sqft
Multi Family
Built in 1882
-- sqft lot
$186,300 Zestimate®
$113/sqft
$1,158 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 01, 2025 at 09:48am
Listed by:
Beth Cochran bethanycochranrealtor@gmail.com,
Agency Iowa,
Hannah Woods 239-641-0623,
Agency Iowa
Bought with:
Beth Cochran
Agency Iowa
Source: DMMLS,MLS#: 722579
Originating MLS: Des Moines Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
 - Bathrooms: 3
 - Full bathrooms: 3
 
Heating
- Forced Air, Gas
 
Cooling
- Central Air
 
Appliances
- Included: Refrigerator, Stove
 
Features
- Basement: Unfinished
 
Interior area
- Total structure area: 1,768
 - Total interior livable area: 1,768 sqft
 
Property
Features
- Levels: Two
 - Stories: 2
 
Lot
- Size: 5,270 sqft
 - Dimensions: 35 x 150
 - Features: Rectangular Lot
 
Details
- Parcel number: 04005480000000
 - Zoning: RX1
 
Construction
Type & style
- Home type: MultiFamily
 - Architectural style: Two Story
 - Property subtype: Multi Family
 
Materials
- Foundation: Brick/Mortar
 - Roof: Asphalt,Shingle
 
Condition
- Year built: 1882
 
Utilities & green energy
- Sewer: Public Sewer
 - Water: Public
 - Utilities for property: Electricity Available, Natural Gas Available, Water Available
 
Community & neighborhood
Community
- Community features: Laundry Facilities
 
Location
- Region: Des Moines
 
Other
Other facts
- Listing terms: Assumable,Cash,Conventional,Contract,VA Loan
 - Road surface type: Concrete