1206 39th Street Des Moines, IA $ 210,000
1206 39th Street
$ 210,000
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1206 39th Street

Des Moines, IA, 50311
$ 210,000
Bedrooms4 Baths3.0 Sq 1,964

Monthly Estimate*

$ 1,310

1206 39th Street, Des Moines, IA 50311 - Image 1
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Multi-Family Home for sale in Des Moines, IA

for $210,000 with 4 bedrooms and 3 full baths. This 1,964 square foot home was built in 1918 on a lot size of 0.085.

$2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2 years. This property is in a high-demand rental area, with proximity to local amenities, schools, and public transportation. Whether you're looking to add to your existing investment cash flowing portfolio or step into the Des Moines rental market for the first time, this location offers excellent cash flow potential with minimal maintenance concerns due to recent updates. (Neighboring property 3903 University is also for sale, would consider a discount if sold together)

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Multi-Family Pending

Price

$ 210,000

Bedrooms

4

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,303

Style

Lot Size

0.085

Year Built

1918

Town/City

Des Moines

County/Region

Polk

MLS | Web ID

722298

List By
Darson Grantham

Listing Agent

Keller Williams Realty Gdm

Broker

dgrantham@kw.com

Email

Affordability Calculator

$1,585
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,310
Monthly Property Taxes
$275
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4324878 Elementary School
4324877 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/26/2025$210,000 -4.55% Price Down
8/14/2025$220,000 -2.22% Price Down
7/30/2025$225,000 Listed Price

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1206 39th Street, Des Moines, IA, 50311 is a Multi-Family Home for sale at $210,000 with 1,964 sqft and a lot size of 0.085. 1206 39th Street has 4 bedrooms, 3.0 baths, and was built in 1918. The property's zip code is 50311 which is in Des Moines, IA