$285,000

2712 Dean Avenue, Des Moines, IA 50317

5 beds |
3 baths |
1,710 sqft

Multi-Family Home
Built in 1910
8,799sqft lot
—— car garage
$167/sqft
Listed 2 days ago

Property Description

Opportunity knocks with this cash-flowing investment property featuring an up/down duplex and a detached efficiency unit, providing three separate income-producing units on one lot. The property offers a spacious 4-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a detached efficiency unit, all conveniently located near the Iowa State Fairgrounds with easy access to downtown Des Moines. It has a proven rental history and generates cash flow. Major improvements have been completed throughout the property in recent years. In 2024, the west basement wall was professionally sealed and insulated. Updates completed in 2025 include new flooring in Unit 2, a remodeled bathroom with a vent fan in Unit 1, and a refreshed efficiency unit featuring new flooring, a new shower, fresh paint, kitchen improvements, and updated appliances. The sewer line was also repaired from the house to the city main in 2025 and includes a transferable warranty. In 2026, additional improvements included new kitchen ceiling tiles in Unit 1, along with a new roof and water heater for the efficiency unit, helping provide added peace of mind for the next owner. With many major capital improvements already completed, this property offers a strong combination of immediate cash flow and long-term value. Whether you're looking to expand your portfolio or add a high-performing investment to your holdings, this is an opportunity worth a closer look.

Listing Status:: Active
Date Added:: July 24, 2026
Data Last Updated:: July 26, 2026 at 6:16AM
Listing Office:: Keller Williams Legacy Group : (319) 423-4139
Listing Agent:: Ryan Rohlf : (515) 442-0625
MLS ID:: 745868

Appliances: MicrowaveRefrigeratorStove
Basement: Unfinished
A/C: Central AirWindow Unit(s)
Heating: Forced AirGasNatural Gas

Style: Two Story

Roofing: AsphaltShingle
General: See Remarks2BlockBrick/Mortar

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

Zoning: ResLOT 14 BLK 8 BREWER & COMPANYS ADDITION TO GRANT PARK050/00176-000-000

Utilities: Electricity AvailableNatural Gas AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: DMAAR_DM

This listing courtesy of Ryan Rohlf , Keller Williams Legacy Group

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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