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For sale
    • Price cut: $10K (7/17)
    $199,999

    1642 E Grand Ave, Des Moines, IA 50316

    4beds
    1,768sqft
    : 
    Multi Family
    Built in 1882
    -- sqft lot
    $-- Zestimate®
    $113/sqft
    $-- HOA

    What's special

    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.
    22 days
    on Zillow
    |
    441
    |
    30
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 17, 2025 at 02:18pm

    Listed by:

    Beth Cochran bethanycochranrealtor@gmail.com,

    Agency Iowa,

    Hannah Woods 239-641-0623,

    Agency Iowa

    Source: DMMLS,MLS#: 722579MLS LogoOriginating MLS: Des Moines Area Association of REALTORS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1642 E Grand Ave.

    Next available tour time:Today at 7pm

    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: 5,270.76 Square Feet
    • 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 & HOA

    Community
    • Features: Laundry Facilities
    HOA
    • Has HOA: No
    Location
    • Region: Des Moines

    Financial & listing details

    • Price per square foot: $113/sqft
    • Tax assessed value: $103,200
    • Annual tax amount: $2,661
    • Date on market: 7/17/2025
    • Listing terms: Assumable,Cash,Conventional,Contract,VA Loan
    • Tenant pays: Water
    • Electric utility on property: Yes
    • Road surface type: Concrete
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