Beautifully maintained south side duplex. This owner demonstrates their love of investment properties and pride of ownership in how well cared for these units are. New gutters and gutter guards and new vinyl siding are just a few of the recent updates made to keep this property in tip-top shape. Each unit is currently on its own parcel, but they must be sold together. Both have 2 very large bedrooms and 1 spacious bathroom upstairs, and an eat-in kitchen, living room, 1/2 bathroom and laundry space on the main level. Outside you'll find that both units have an oversized detached 1 car garage and their own large, separately fenced backyard. This property is perfect for dipping your toes into investment properties with a house-hack or for the seasoned investor who wants to add a long-term rental to their portfolio. Conveniently located close to parks, schools, restaurants, Wakonda Club and Des Moines Airport access. Only 6 minutes to Downtown. Don't miss your chance!
For sale
$284,900
505 & 507 SW Watrous Ave, Des Moines, IA 50315
4beds
1,944sqft
Est.:
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$147/sqft
$-- HOA
What's special
Very large bedroomsLarge separately fenced backyardNew vinyl sidingEat-in kitchenSpacious bathroom
- 21 hours
- on Zillow |
- 341 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: August 13, 2025 at 08:17am
Listed by:
Amy Dempsey 323-204-1936,
Iowa Realty Mills Crossing
Source: DMMLS,MLS#: 724210
Originating MLS: Des Moines Area Association of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Refrigerator, Stove, Washer
- Laundry: Main Level
Features
- Window Treatments
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 1,944
- Total interior livable area: 1,944 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached, Garage, Two Car Garage
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
Lot
- Size: 186 Acres
Details
- Parcel number: 01000414005001, 01000414003000
- Zoning: N3A
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Block, Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $147/sqft
- Annual tax amount: $5,281
- Date on market: 8/13/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity, Gas, Water
- Road surface type: Concrete
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