2544 Vale Street, Des Moines, IA 50317

• 2 beds |
• 1 bath |
• 688 sqft

Property Description

SELLER FINANCING OR CONTRACT SALE may be available, creating a rare opportunity for buyers seeking flexible terms, lower upfront capital requirements, or an easier path to ownership. Whether you’re a first-time home buyer looking for an affordable entry point or an investor targeting a buy-and-hold rental with solid cash flow and appreciation potential, this property checks the boxes for location, simplicity, and financial performance. Well-located 2-bedroom, 1-bath ranch offering 688 square feet of efficient single-level living on a .143-acre lot, just south of the new MLK Jr. Parkway with an easy 9-minute commute to downtown Des Moines per Google Maps. This no-basement home (crawl space or slab) provides a simple, low-maintenance footprint ideal for both owner-occupants and investors. Currently tenant-occupied at $1,024 per month, the property delivers immediate rental income with strong rent-to-price fundamentals and long-term upside tied to continued development along the MLK Jr. Parkway corridor. The ranch layout supports broad tenant and buyer appeal, while the lot size offers outdoor space without excessive upkeep.

Listing Status:

Active

Date Added:

January 23, 2026

Data Last Updated:

February 14, 2026 at 6:17AM

Listing Office:

Weichert, Realtors - The 515 Agency : (515) 341-3849

Listing Agent:

Les Reu : (515) 423-3410

MLS ID:

733326

Interior

• Basement: Crawl Space
• A/C: Central Air
• Heating: Forced AirGasNatural Gas

Exterior

• Style: Bungalow

Construction

• Roofing: AsphaltShingle
• General: Vinyl SidingBlock

Location

• Road/Access: Concrete
• Originating MLS: DMAAR_DM
• School District: Des Moines Independent
• County: Polk

Lot

• Zoning: ResLOT 11 BLK 7 CHESTERFIELD05000406000000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: DMAAR_DM