27
See all 27 photos
$199,000
Est. payment /mo
4 Beds
2 Baths
3,729 SqFt
Active
1527 Forest Avenue Des Moines, IA 50314
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,729 sqft
Price per Sqft $53
MLS Listing ID 737839
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1924
Annual Tax Amount $3,300
Lot Size 4,268 Sqft
Acres 0.098
Property Description
Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.
Location
State IA
County Polk
Area Des Moines N.West
Zoning N5
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Private Pool No
Schools
School District Des Moines Independent
Others
Tax ID 08003839000000
Monthly Total Fees $275
Acceptable Financing Assumable, Cash, Conventional, FHA, See Remarks, VA Loan
Listing Terms Assumable, Cash, Conventional, FHA, See Remarks, VA Loan
©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by 515 Rentals & Sales LLC
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