3419 First Street Des Moines, IA $ 279,900
3419 First Street
$ 279,900
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3419 First Street

Des Moines, IA, 50313
$ 279,900
Bedrooms-- Baths--

Monthly Estimate*

$ 1,723

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Commercial Property for sale in Des Moines, IA

for $279,900. This building was built in 1890.

Investor’s dream in the heart of Highland Park! This 7-unit multi-family property offers strong, consistent income and holds a current rental certificate, making it a perfect turnkey addition to your portfolio. Originally a single-family home, this property has been thoughtfully converted into a 7-plex with a mix of unit sizes, offering steady demand in a highly rentable location. 7 total units – fully leased with strong rental history. Current rental certificate in place – compliant and ready to go. Separately metered utilities. Prime Highland Park location – steps to public transportation, shopping, laundromat. Off-street parking and easy tenant access. Several units have been refreshed within the last few months. Added bonus of New Roof, New Sewer Line and Backflow system in 2025. Solid income-producing property, whether you're a seasoned investor or just getting started, this property offers stability, great location, and future upside.

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Commercial Active

Price

$ 279,900

Property Type

Commercial

Taxes

$ 5,579

Style

Year Built

1890

Town/City

Des Moines

County/Region

Polk

MLS | Web ID

6338712

Features
General
Sewer City Sewer/Connected
Heating Hot Water
Utilities Electric Separate Heating Separate Hot Water Separate
Zoning Residential-Multi-Family
Garage Spaces 2
Construction Materials Vinyl Siding
Year Built 1890
Property Subtype Apartment
Tax Year 2026
Current Use Residential
Accessibility None
County Polk
Property Type Commercial Sale
Contingency None
Possible Use Other
Status Active
Directions Euclid to 1st St South to home.
Open Parking Spaces 7
Number Of Units Total 7
Lot Size Units Acres
Tax Annual Amount 5579
Living Area Units Square Feet
Standard Status Active
Legal Description LOT 15 & S 1/2 LOT 16 BLK 28 HIGHLAND PARK
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Exterior
Parking Features Detached Garage Outside
Water Source Public
Lot Dimensions 75x131
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* Excluded Features
List By
Amber Lesnick

Listing Agent

Zealty Home Advisors

Broker

amber@zealtynow.com

Contact

Affordability Calculator

$2,188
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,723
Monthly Property Taxes
$465
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
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2026$279,900 Listed Price

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3419 First Street, Des Moines, IA, 50313 is a Commercial Property for sale at $279,900. 3419 First Street was built in 1890. The property's zip code is 50313 which is in Des Moines, IA