1527 Forest Avenue Des Moines, IA $ 199,000
1527 Forest Avenue
$ 199,000
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1527 Forest Avenue

Des Moines, IA, 50314
$ 199,000
Bedrooms4 Baths2.0 Sq 3,729

Monthly Estimate*

$ 1,225

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Multi-Family Home for sale in Des Moines, IA

for $199,000 with 4 bedrooms and 2 full baths. This 3,729 square foot home was built in 1924 on a lot size of 0.098.

Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.

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Multi-Family Active

Price

$ 199,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,300

Style

Lot Size

0.098

Year Built

1924

Town/City

Des Moines

County/Region

Polk

MLS | Web ID

737839

List By
Adam Metzker

Listing Agent

515 Rentals & Sales Llc

Broker

adam@legacy515.com

Email

Affordability Calculator

$1,500
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,225
Monthly Property Taxes
$275
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5/4/2026$199,000 Listed Price

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1527 Forest Avenue, Des Moines, IA, 50314 is a Multi-Family Home for sale at $199,000 with 3,729 sqft and a lot size of 0.098. 1527 Forest Avenue has 4 bedrooms, 2.0 baths, and was built in 1924. The property's zip code is 50314 which is in Des Moines, IA