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For sale
  • $284,900

    505 & 507 SW Watrous Ave, Des Moines, IA 50315

    4beds
    1,944sqft
    : 
    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
    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!
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    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#: 724210MLS 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 505 & 507 SW Watrous Ave.

    Next available tour time:Today at 11am

    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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