702 20th Street Des Moines, IA $ 2,150,000
702 20th Street
$ 2,150,000
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702 20th Street

Des Moines, IA, 50314
$ 2,150,000
Bedrooms21 Baths19.0 Sq 12,392

Monthly Estimate*

$ 13,413

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Multi-Family Home for sale in Des Moines, IA

for $2,150,000 with 21 bedrooms and 19 full baths. This 12,392 square foot home was built in 1989 on a lot size of 0.184.

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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Multi-Family Active

Price

$ 2,150,000

Bedrooms

21

Full Bath

19

Property Type

Multi-Family

Taxes

$ 6,234

Style

Lot Size

0.184

Year Built

1989

Town/City

Des Moines

County/Region

Polk

MLS | Web ID

727368

List By
Timothy Schutte

Listing Agent

Exit Realty & Associates

Broker

Timothy@SoldDesMoines.com

Email

Affordability Calculator

$13,933
Per Month
96%
4%
0%
Monthly Principal & Interest
$13,413
Monthly Property Taxes
$520
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
10/1/2025$2,150,000 Listed Price

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702 20th Street, Des Moines, IA, 50314 is a Multi-Family Home for sale at $2,150,000 with 12,392 sqft and a lot size of 0.184. 702 20th Street has 21 bedrooms, 19.0 baths, and was built in 1989. The property's zip code is 50314 which is in Des Moines, IA