2316 51st Street, Des Moines, IA 50310

Des Moines
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
2316 51st Street,Des Moines, IA 50310
$1,250,000
  • 8 Beds
  • 4 Baths
  • 8,736 sq. ft.
  • Multi-family
  • Active
Listed by: nora crosthwaite, latrice brauckman
Office: realty one group impact
MLS#:736837
Source:IA_DMAAR

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$143.09

About this home

Eight units, four duplexes, four separate parcels — acquired in a single transaction, below appraised value. Renters love this location, which keeps your vacancy rate low. Minutes from downtown, Beaverdale, and Merle Hay, with quick access to I-80/35 and I-235 for easy reach to Urbandale, West Des Moines, and beyond. All eight units are 2BD/1.5BA with a one-car garage. Built in 1995 and meticulously maintained — newer roofing, updated AC, and these units have been cared for, not just managed. Each unit features a dry basement with egress windows, already set up for a third bedroom conversion. Add square footage, increase rents, build equity. The value-add is built right in. Listed below appraised value, appraised above $1,275,000. Seven of eight units are occupied and cash flowing — and the eighth is actively being marketed at $1,400/month. The numbers work. The location works. Now it's your move. Note: This includes four buildings: 2310/2312 51st St, 2316/2318 51st St,...

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Home facts

  • Year built:1995
  • Listing ID #:736837
  • Added:1 day(s) ago
  • Updated:March 25, 2026 at 05:47 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove
  • Basement:Yes
  • Basement Description:Egress Windows, Unfinished
  • Living area:8,736 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1995
  • Building area:8,736 sq. ft.
  • Lot area:0.86 Acres
  • Foundation Description:Poured

Utilities

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

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$143.09
  • Tax amount:$22,086

Features and amenities

  • Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Laundry features:Dryer, Washer

Parking

  • Parking description:Detached, Garage
  • Garage:Yes
  • Garage spaces:4

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