$210,000

1206 39th Street, Des Moines, IA 50311

  • 4 beds |
  • 3 baths |
  • 1,964 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1918
  • Property Lot Size Icon3,703sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $107/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

$2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2 years. This property is in a high-demand rental area, with proximity to local amenities, schools, and public transportation. Whether you're looking to add to your existing investment cash flowing portfolio or step into the Des Moines rental market for the first time, this location offers excellent cash flow potential with minimal maintenance concerns due to recent updates. (Neighboring property 3903 University is also for sale, would consider a discount if sold together)

Listing Status:
Pending
Date Added:
July 24, 2025 at 05:00AM
Listing Office:
Keller Williams Realty GDM : (515) 334-4900
Listing Agent:
Darson Grantham : (641) 745-0156
MLS ID:
722298
  • Appliances: Built-In OvenRefrigerator
  • Basement: Unfinished
  • A/C: Window Unit(s)
  • Heating: BaseboardElectric
  • Style: One and One Half Story
  • Roofing: AsphaltShingle
  • General: AsbestosOne and One HalfBrick/Mortar
  • Road/Access: Asphalt
  • Originating MLS: DMAAR_DM
  • School District: Des Moines Independent
  • County: Polk
  • Zoning: NX1N 43 FT S 143 FT E 86 1/4 FT LOT 61 CHETWYND7924-32-377-049
  • Utilities: Electricity AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Darson Grantham, Keller Williams Realty GDM

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Perkins Elementary School

4301 College Ave, Des Moines, IA, 50311

Grades KG-5

0.61 miles away

C

Callanan Middle School

3010 Center St, Des Moines, IA, 50312

Grades 6-8

0.91 miles away

R

Roosevelt High School

4419 Center St, Des Moines, IA, 50312

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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