3920-3922 E 38th Street Des Moines, IA $ 240,000
3920-3922 E 38th Street
$ 240,000
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3920-3922 E 38th Street

Des Moines, IA, 50317
$ 240,000
Bedrooms4 Baths2.0 Sq 1,536

Monthly Estimate*

$ 1,515

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Multi-Family Home for sale in Des Moines, IA

for $240,000 with 4 bedrooms and 2 full baths. This 1,536 square foot home was built in 1973 on a lot size of 0.551.

Investors, here’s an opportunity to add two more doors to your portfolio! This tenant-occupied Des Moines duplex offers immediate income with additional potential for future rental growth. The ranch-style property features two units, each with its own kitchen and living space, along with off-street parking and a large 0.55-acre lot. Major property features include a brick exterior, central air, gas forced-air heat, city water and sewer. Located just off Hubbell Ave with convenient access to shopping, dining, employment and other Des Moines amenities. Priced at $240,000—just $120,000 per door. For investors looking to scale further, 3906–3908 E 38th St is also available nearby, creating an opportunity to acquire four doors in the same immediate area. Purchase this property individually or combine it with additional available duplexes to expand your Des Moines rental portfolio.

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Multi-Family Active

Price

$ 240,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,171

Style

Lot Size

0.551

Year Built

1973

Town/City

Des Moines

County/Region

Polk

MLS | Web ID

749497

List By
Pennie Carroll

Listing Agent

Pennie Carroll & Associates

Broker

pennie@penniecarroll.com

Email

Affordability Calculator

$1,863
Per Month
81%
19%
0%
Monthly Principal & Interest
$1,515
Monthly Property Taxes
$348
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
4324878 Elementary School
4324877 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/17/2026$240,000 Listed Price

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3920-3922 E 38th Street, Des Moines, IA, 50317 is a Multi-Family Home for sale at $240,000 with 1,536 sqft and a lot size of 0.551. 3920-3922 E 38th Street has 4 bedrooms, 2.0 baths, and was built in 1973. The property's zip code is 50317 which is in Des Moines, IA