1206 39th Street, Des Moines, IA 50311

Des Moines
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
1206 39th Street,Des Moines, IA 50311
$200,000
  • 4 Beds
  • 3 Baths
  • 1,964 sq. ft.
  • Multi-family
  • Active
Listed by: darson grantham
Office: keller williams realty gdm
MLS#:722298
Source:IA_DMAAR

Price summary

  • Price:$200,000
  • Price per sq. ft.:$101.83

About this home

$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)

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1918
  • Listing ID #:722298
  • Added:216 day(s) ago
  • Updated:February 25, 2026 at 03:52 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Kitchen Description:Built-In Oven, Refrigerator
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,964 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Baseboard, Electric

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1918
  • Building area:1,964 sq. ft.
  • Lot area:0.09 Acres
  • Construction Materials:Asbestos
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$200,000
  • Price per sq. ft.:$101.83
  • Tax amount:$3,303 (2025)

Features and amenities

  • Appliances:Built-In Oven, Refrigerator

New listings near 1206 39th Street