1429 Martin Luther King Jr Parkway, Des Moines, IA 50314

Des Moines
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
1429 Martin Luther King Jr Parkway,Des Moines, IA 50314
$142,500
  • 5 Beds
  • 2 Baths
  • 2,544 sq. ft.
  • Multi-family
  • Active
Listed by: seth walker
Office: re/max concepts
MLS#:738465
Source:IA_DMAAR

Price summary

  • Price:$142,500
  • Price per sq. ft.:$56.01

About this home

This duplex offers a fantastic investment opportunity with strong cash flow potential. Featuring one 2 bedroom unit and one 3 bedroom unit, this property provides flexibility and solid rental appeal. Tenants will appreciate the ample off street parking and convenient alley access. Centrally located with easy access to downtown and the entire metro, it is ideally positioned for consistent demand. Projected rental income of $1800 per month makes this a great addition to any investment portfolio.

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Home facts

  • Year built:1905
  • Listing ID #:738465
  • Added:144 day(s) ago
  • Updated:September 06, 2026 at 03:12 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,544 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1905
  • Building area:2,544 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Two Story
  • Construction Materials:Vinyl Siding
  • Foundation Description:Brick/Mortar, Stone
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$142,500
  • Price per sq. ft.:$56.01
  • Tax amount:$2,468

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