401 Franklin Avenue, Des Moines, IA 50314

Des Moines
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
401 Franklin Avenue,Des Moines, IA 50314
$200,000
  • 5 Beds
  • 3 Baths
  • 2,381 sq. ft.
  • Multi-family
  • Active
Listed by: meghan o'brien, adam steger
Office: realty one group impact
MLS#:740254
Source:IA_DMAAR

Price summary

  • Price:$200,000
  • Price per sq. ft.:$84

About this home

Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept. Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.

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Home facts

  • Year built:1901
  • Listing ID #:740254
  • Added:47 day(s) ago
  • Updated:June 24, 2026 at 04:26 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Kitchen Description:Cooktop, Refrigerator
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,381 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:1901
  • Building area:2,381 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Rectangular Lot
  • Architectural Style:Duplex
  • Construction Materials:Vinyl Siding
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$200,000
  • Price per sq. ft.:$84
  • Tax amount:$3,196

Features and amenities

  • Appliances:Cooktop, Refrigerator

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