702 20th Street, Des Moines, IA 50314

Local realty services provided by:Better Homes and Gardens Real Estate Innovations
702 20th Street,Des Moines, IA 50314
$2,150,000
  • 21 Beds
  • 19 Baths
  • 12,392 sq. ft.
  • Multi-family
  • Active
Listed by: timothy schutte, salkic-schutte, jasmina
Office: exit realty & associates
MLS#:727368
Source:IA_DMAAR

Price summary

  • Price:$2,150,000
  • Price per sq. ft.:$173.5

About this home

Investment Opportunity in Historic Sherman Hill offering total of 17 units. Rare chance to own a fully remodeled multi-unit property in one of the city’s most desirable neighborhoods. The three-story apartment building was historically remodeled in 2022 w new framing, plumbing, electric, and all interior finished. This building offers 15 units: 9 one-bedroom, 3 two-bedroom, and 3 studio apartments—each with a full bathroom and modern kitchen equipped with stove, refrigerator, microwave, and dishwasher. Residents also enjoy convenient on-site coin-operated laundry. The duplex was fully remodeled in 2019 and has 2 - 3 bedrooms, 2 bathrooms, and an in-unit washer and dryer. Located in the heart of Sherman Hill, this property is close to shops, restaurants, and provides quick access to the interstate. A turnkey investment with strong rental potential in a prime location!

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Home facts

  • Year built:1989
  • Listing ID #:727368
  • Added:91 day(s) ago
  • Updated:January 01, 2026 at 04:13 PM

Rooms and interior

  • Bedrooms:21
  • Total bathrooms:19
  • Full bathrooms:17
  • Living area:12,392 sq. ft.

Heating and cooling

  • Cooling:Geothermal
  • Heating:Baseboard, Electric, Heat Pump

Structure and exterior

  • Roof:Rolled Hot Mop
  • Year built:1989
  • Building area:12,392 sq. ft.
  • Lot area:0.18 Acres

Utilities

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

Finances and disclosures

  • Price:$2,150,000
  • Price per sq. ft.:$173.5
  • Tax amount:$6,234

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