2573 Onawa Street, Des Moines, IA 50317

• 2 beds |
• 1 bath |
• 768 sqft

Property Description

Attention Investors, this is a tenant occupied listing, with a current lease agreement that expires in May 2027. Seasoned or first time real estate investors! SELLER FINANCING OR CONTRACT TERMS may be available, making this an attractive option for buyers seeking flexible purchase terms, easier qualification, or creative financing solutions. This opens the door for first-time homebuyers, house hackers, and investors looking to acquire property with potentially lower upfront capital requirements. Excellent opportunity to own a 2-bedroom, 1 partial-bath home offering 768 square feet of efficient living space on a generous .2690-acre lot, located just a couple blocks south of the new MLK Jr. Parkway with an easy 9-minute commute to downtown Des Moines per Google Maps. An open front porch adds charm and curb appeal, while off-street parking provides everyday convenience. Currently tenant-occupied at $1,050 per month, this property offers immediate cash flow potential for investors, along with long-term upside driven by continued development and infrastructure improvements along the MLK Jr. Parkway corridor. The large lot size creates flexibility for outdoor use, future expansion, or additional value-add strategies. Whether you’re searching for an affordable primary residence, a buy-and-hold rental, or a property to add to a growing portfolio, this home combines location, income potential, lot size, and financing flexibility in one opportunity.

Listing Status:

Active

Date Added:

January 23, 2026

Data Last Updated:

February 14, 2026 at 7:18AM

Listing Office:

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

Listing Agent:

Les Reu : (515) 423-3410

MLS ID:

733322

Interior

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

Exterior

• Style: Bungalow
• Parking: DetachedGarageOne Car Garage

Construction

• Roofing: AsphaltShingle
• General: Metal SidingBrick/Mortar

Location

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

Lot

• Zoning: N3CLTS 3 & 4 BLK 8 CHESTERFIELD05000419000000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: DMAAR_DM