401 Franklin Avenue Des Moines, IA $ 200,000
401 Franklin Avenue
$ 200,000
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401 Franklin Avenue

Des Moines, IA, 50314
$ 200,000
Bedrooms5 Baths3.0 Sq 2,381

Monthly Estimate*

$ 1,231

401 Franklin Avenue, Des Moines, IA 50314 - Image 1
401 Franklin Avenue, Des Moines, IA 50314 - Image 2
401 Franklin Avenue, Des Moines, IA 50314 - Image 3
401 Franklin Avenue, Des Moines, IA 50314 - Image 4

Multi-Family Home for sale in Des Moines, IA

for $200,000 with 5 bedrooms and 3 full baths. This 2,381 square foot home was built in 1901 on a lot size of 0.192.

Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept. Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.

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Multi-Family Active

Price

$ 200,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,196

Style

Lot Size

0.192

Year Built

1901

Town/City

Des Moines

County/Region

Polk

MLS | Web ID

740254

List By
Meghan O'Brien

Listing Agent

Realty One Group Impact

Broker

meghansellsthe515@gmail.com

Email

Affordability Calculator

$1,498
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,231
Monthly Property Taxes
$266
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
5/7/2026$200,000 Listed Price

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401 Franklin Avenue, Des Moines, IA, 50314 is a Multi-Family Home for sale at $200,000 with 2,381 sqft and a lot size of 0.192. 401 Franklin Avenue has 5 bedrooms, 3.0 baths, and was built in 1901. The property's zip code is 50314 which is in Des Moines, IA