1987 & 1989 SW 1st Street, Des Moines, IA 50315

Des Moines
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
1987 & 1989 SW 1st Street,Des Moines, IA 50315
$199,000
  • 3 Beds
  • 2 Baths
  • 1,436 sq. ft.
  • Multi-family
  • Active
Listed by: darson grantham
Office: keller williams realty gdm
MLS#:738867
Source:IA_DMAAR

Price summary

  • Price:$199,000
  • Price per sq. ft.:$138.58

About this home

Two homes on one lot—ideal investment or house hack opportunity! Property includes 1987 & 1989 SW 1st St. 1987 is a 1.5 story featuring 2 bedrooms, 1 bath, and is currently vacant—move-in or rent-ready for immediate occupancy (currently being advertised for rent at $1,100). 1989 offers 1 bedroom, 1 bath and is currently tenant occupied, providing instant rental income (current rent is $850). Separate living spaces allow flexibility for owner-occupants or investors looking to maximize cash flow. Convenient location with easy access to downtown, major roads, and amenities. Great opportunity to live in one unit while the other helps offset your mortgage or add to your portfolio with a turnkey income-producing property.

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Home facts

  • Year built:1910
  • Listing ID #:738867
  • Added:105 day(s) ago
  • Updated:August 13, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,436 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas, Natural Gas

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1910
  • Building area:1,436 sq. ft.
  • Lot area:0.2 Acres
  • Architectural Style:Bungalow

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$199,000
  • Price per sq. ft.:$138.58
  • Tax amount:$2,702

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