507 E Locust Street #210, Des Moines, IA 50309
Local realty services provided by:Better Homes and Gardens Real Estate Innovations
Listed by:
- Better Homes and Gardens Real Estate Innovations
- Greg Wallenstein(515) 962 - 5555Better Homes and Gardens Real Estate Innovations
MLS#:733276
Source:IA_DMAAR
Price summary
- Price:$349,999
- Price per sq. ft.:$295.61
- Monthly HOA dues:$428
About this home
Experience the best of downtown living at Capitol Village Lofts, perfectly positioned in the heart of the Historic East Village—an Airbnb-friendly building allowing short-term rentals, offering exceptional income-producing potential and flexibility for investors or owner-occupants. This boutique mixed-use building features just 20 exclusive residential lofts above a vibrant mix of retail and commercial spaces, blending classic warehouse character with modern urban energy in one of Des Moines’ most desirable rental locations. This stunning 2-bedroom corner loft showcases dramatic exposed brick, soaring 14-foot ceilings, wraparound floor-to-ceiling windows, and hardwood floors that flood the space with natural light—features highly attractive to short-term and long-term renters alike. The open-concept layout includes a newly updated bathroom and new kitchen appliance package, seamlessly combining contemporary comfort with timeless architectural detail. Step outside to over 250 square feet of a covered outdoor terrace, a premium amenity for guests and residents. The building is pet friendly and located just steps from Des Moines’ top restaurants, bars, coffee shops, and downtown attractions, creating strong rental demand and a truly walkable, lock-and-leave lifestyle. A reserved, deeded parking space valued at $25,000 adds additional value and appeal, making this a rare opportunity for effortless, upscale city living and strong investment potential. HWA warranty included!...
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Home facts
- Year built:1900
- Listing ID #:733276
- Added:62 day(s) ago
- Updated:March 19, 2026 at 07:37 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Hardwood, Tile
- Dining Description:Dining Area
- Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove
- Basement:Yes
- Basement Description:Unfinished
- Living area:1,184 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric, Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Rubber
- Year built:1900
- Building area:1,184 sq. ft.
- Architectural Style:Ranch
- Construction Materials:Brick
- Exterior Features:Covered, Deck, Fire Pit
- Foundation Description:Brick/Mortar, Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$349,999
- Price per sq. ft.:$295.61
- Tax amount:$5,212 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
- Laundry features:Dryer, Main Level, Washer
- Amenities:Fire Alarm, Security System, Smoke Detectors, Window Treatments
Parking
- Parking description:Detached, Garage, One Car Garage
- Garage:Yes
- Garage spaces:1
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