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4 Beds
2 Baths
3,729 sqft

$199,000

1527 Forest Avenue, Des Moines IA, 50314

Price per sqft$53.37
Built in1924
Property size3,729 sqft
Property typeMulti-family

Overview

Active

Listed May 4, 2026

Updated Jun 12

Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.

$1,324/mo

Est. mortgage payment based on a $199,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
737839

Interior Features

Bedrooms
4
Bathrooms
2
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$3,300
Tax Frequency
Annually

 

Courtesy of 515 Rentals & Sales LLC, Adam Metzker,
Listing Contact: (515) 240-6535 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Slavin & Partners shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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