Great Investment Opportunity in North Des Moines!
Don't miss this well-maintained duplex featuring 2-bedroom, 1-bath units perfect for investors or owner-occupants. Recent updates include a new roof (2022), updated LVP flooring, fresh interior and exterior paint, and a bathroom remodel in unit 5515. Plus Unit 5515 also includes a finished non-conforming 3rd bedroom and partially finished bonus room in the lower level, ideal for extra living space or storage. The 5517 unfinished basement offers a blank canvas for additional value-add opportunities. Enjoy a large shared backyard, separate driveways, and a convenient location with easy access to I-80/35. Saydel schools. A solid property with strong potential. Schedule your showing today!
Sold for $206,000 on 07/11/25
$206,000
5515 & 5517 NE 1st St, Des Moines, IA 50313
2beds
1,408sqft
Duplex, Multi Family
Built in 1977
-- sqft lot
$206,000 Zestimate®
$146/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 01:09pm
Listed by:
Michelle Hanson (515)229-2662,
RE/MAX Concepts,
Karla Derrickson 515-979-5904,
RE/MAX Concepts
Bought with:
Angela Meek
RE/MAX Concepts
Source: DMMLS,MLS#: 718330
Originating MLS: Des Moines Area Association of REALTORS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Refrigerator, Stove, Washer
Features
- Flooring: Carpet, Laminate, Tile
- Basement: Partially Finished,Unfinished
Interior area
- Total structure area: 1,408
- Total interior livable area: 1,408 sqft
- Finished area below ground: 240
Property
Lot
- Size: 0.45 Acres
- Dimensions: 81.5 x 239
- Features: Pie Shaped Lot
Details
- Parcel number: 27002026001000
- Zoning: LDR
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Des Moines
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete
Services availability

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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$206,000
2% more+ $4,120
With Zillow Showcase(estimated)
$210,120