2703 College Avenue Des Moines, IA $ 225,000
2703 College Avenue
$ 225,000
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2703 College Avenue

Des Moines, IA, 50311
$ 225,000
Bedrooms5 Baths3.0 Sq 1,110

Monthly Estimate*

$ 1,421

2703 College Avenue, Des Moines, IA 50311 - Image 1
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Single Family Home for sale in Des Moines, IA

for $225,000 with 5 bedrooms and 3 full baths. This 1,110 square foot home was built in 1927.

Don't miss this outstanding income-producing investment opportunity featuring 5 bedrooms, 2 bathrooms, a separate lot, and exceptional parking amenities. This well-maintained property is tenant occupied with a lease in place through July 2027, generating $2,500 per month in rental income, making it an ideal turnkey addition to your investment portfolio. The home underwent a complete interior remodel in 2023, including all new windows, creating an updated, modern living space while minimizing future maintenance. The roof is less than 10 years old, and the seller reports no known issues, offering added confidence for the next owner. An added bonus is 2705 College Ave, which includes a detached one-car garage along with surface parking for tenants of both 2703 and 2707, providing valuable off-street parking rarely found in the area. Whether you're a seasoned investor or looking to begin building your real estate portfolio, this property delivers immediate cash flow with long-term stability.

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Single Family Active

Price

$ 225,000

Bedrooms

5

Full Bath

3

Property Type

Single Family

Taxes

$ 3,379

Style

Year Built

1927

Town/City

Des Moines

County/Region

Polk

MLS | Web ID

6340315

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Garage Spaces 0
Construction Materials Other
Year Built 1927
Levels One and One Half
Property Subtype Single Family Residence
Tax Year 2025
Accessibility None
County Polk
Property Type Residential
Contingency None
Full Baths 1
Status Active
Directions Take Exit 7A for Martin Luther King Jr. Parkway / 19th Street. At the end of the exit ramp head north on Martin Luther King Jr. Parkway. Continue approximately 0.8 miles to College Avenue. Turn left
Lot Size Units Acres
Tax Annual Amount 3379
Living Area Units Square Feet
Standard Status Active
Legal Description LOT 2 SMITHS 5TH ADDITION TO DES MOINES
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Interior
Basement Full
Total Fireplaces 0
Half Baths 0
1/4 Baths 0
3/4 Baths 2
Total Bedrooms 5
Total Baths 3
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Exterior
Parking Features Other
Water Source Public
Lot Dimensions 50 x 135
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* Excluded Features
List By
Lora Olerich

Listing Agent

Heartland Realty

Broker

loraolerich@gmail.com

Email

Affordability Calculator

$1,702
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,421
Monthly Property Taxes
$282
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/13/2026$225,000 Listed Price

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2703 College Avenue, Des Moines, IA, 50311 is a Single Family Home for sale at $225,000 with 1,110 sqft. 2703 College Avenue has 5 bedrooms, 3.0 baths, and was built in 1927. The property's zip code is 50311 which is in Des Moines, IA