Des Moines, IA 50316 1642 E Grand Avenue

$199,999

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Presented By: Agency Iowa
  • Des Moines Area AOR (DMAAR) - 188 - IA
  • MLS# 722579
  • 07/17/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 3
  • SQFT • 1,768

Home Details

Great investor opportunity with this tri-plex in east Des Moines! This property is fully occupied with Units 1 and 2 bringing $850 per month and Unit 3 bringing $750 per month. Monthly costs are between $1600-$1800. Cash Flow is great if you're looking for a side hustle! Rental certificate in place. Open to creative financing.
Presented By: Agency Iowa

Interior Features for 1642 E Grand Avenue

Bedrooms

Total Bedrooms4

Bathrooms

3/4 Baths0
Half Baths
Total Baths3

Other Interior Features

Air Conditioning Y/NYes
BasementUnfinished
Basement (Y/N)Yes
Fireplace Y/NNo
Heating Y/NYes

General for 1642 E Grand Avenue

Additional Parcels Y/NNo
AppliancesRefrigerator, Stove
Architectural StyleTwoStory
Attached Garage No
Carport Y/NNo
CityDes Moines
Community FeaturesLaundryFacilities
CoolingCentralAir
CountyPolk
DirectionsTake I35 to East 14th St and then turn left on East Grand. Tri-plex will be on the left side. Access through alley.
Elementary School DistrictDes Moines Independent
Full Baths3
Garage Y/NNo
Gross Income2450.0
HOANo
HeatingForcedAir, Gas
High School DistrictDes Moines Independent
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionW 1/2 LOT 8 BLK 58 STEWARTS ADDITION
LevelsTwo
Listing TermsAssumable, Cash, Conventional, Contract, VaLoan
Lot Size Square Feet5250.0
Lot Size UnitsAcres
MLS AreaDes Moines East
Middle/Junior School DistrictDes Moines Independent
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
OwnerPaysGas, Insurance, Taxes
PostalCityDes Moines
Property Attached Y/NNo
Property TypeMultiFamily
Rent Control Y/NNo
RoofAsphalt, Shingle
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount2661.03
Tenant PaysWater
UtilitiesElectricityAvailable, NaturalGasAvailable, WaterAvailable
Year Built1882
ZoningRX1

Exterior for 1642 E Grand Avenue

Building Area Total1768.0
Crops Included Y/NNo
Foundation DetailsBrickMortar
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions35X150
Lot FeaturesRectangularLot
Lot Size Acres0.121
Lot Size Area0.121
Private PoolNo
Road Surface TypeConcrete
SpaNo
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Rachel Tiskevics

Realtor®
Price $199,999
MLS#722579
List Date 07/17/2025
Property Type Multi-Family
Phone 641.230.0537
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Request Info
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