Property photo 1
Property photo 2
5 Beds
3 Baths
2,381 sqft

$190,000

401 Franklin Avenue, Des Moines IA, 50314

Price per sqft$79.80
Built in1901
Property size2,381 sqft
Property typeMulti-family

Overview

Sold

Closed

Listed Sep 3, 2026

Updated Sep 4

Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept. Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.

Additional information

MLS® ID
740254

Interior Features

Bedrooms
5
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Taxes
$3,196
Tax Frequency
Annually
55+/Senior Community
No

 

Courtesy of Realty ONE Group Impact, Meghan O'Brien,
Listing Contact: (515) 554-5312 

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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