3920-3922 E 38th Street, Des Moines, IA 50317

Des Moines
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
3920-3922 E 38th Street,Des Moines, IA 50317
$240,000
  • 4 Beds
  • 2 Baths
  • 1,536 sq. ft.
  • Multi-family
  • Active
Listed by: pennie carroll, joe carroll
Office: pennie carroll & associates
MLS#:749497
Source:IA_DMAAR

Price summary

  • Price:$240,000
  • Price per sq. ft.:$156.25

About this home

Investors, here’s an opportunity to add two more doors to your portfolio! This tenant-occupied Des Moines duplex offers immediate income with additional potential for future rental growth. The ranch-style property features two units, each with its own kitchen and living space, along with off-street parking and a large 0.55-acre lot. Major property features include a brick exterior, central air, gas forced-air heat, city water and sewer. Located just off Hubbell Ave with convenient access to shopping, dining, employment and other Des Moines amenities. Priced at $240,000—just $120,000 per door. For investors looking to scale further, 3906–3908 E 38th St is also available nearby, creating an opportunity to acquire four doors in the same immediate area. Purchase this property individually or combine it with additional available duplexes to expand your Des Moines rental portfolio.

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Home facts

  • Year built:1973
  • Listing ID #:749497
  • Added:1 day(s) ago
  • Updated:September 19, 2026 at 03:08 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,536 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:1973
  • Building area:1,536 sq. ft.
  • Lot area:0.55 Acres
  • Lot Features:Rectangular Lot
  • Architectural Style:Ranch
  • Construction Materials:Brick
  • Foundation Description:Block

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$240,000
  • Price per sq. ft.:$156.25
  • Tax amount:$4,171

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