3 Beds
2 Baths
1,436 sqft
$199,000
1987 & 1989 SW 1st Street, Des Moines IA, 50315
Price per sqft$138.58
Built in1910
Property size1,436 sqft
Property typeMulti-family
Overview
Active
Listed Apr 29, 2026
Updated Jul 14
Two homes on one lot—ideal investment or house hack opportunity! Property includes 1987 & 1989 SW 1st St. 1987 is a 1.5 story featuring 2 bedrooms, 1 bath, and is currently vacant—move-in or rent-ready for immediate occupancy (currently being advertised for rent at $1,100). 1989 offers 1 bedroom, 1 bath and is currently tenant occupied, providing instant rental income (current rent is $850). Separate living spaces allow flexibility for owner-occupants or investors looking to maximize cash flow. Convenient location with easy access to downtown, major roads, and amenities. Great opportunity to live in one unit while the other helps offset your mortgage or add to your portfolio with a turnkey income-producing property.
$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
- 738867
Interior Features
- Bedrooms
- 3
- Bathrooms
- 2
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.2 Acres
Other Property Details
- Taxes
- $2,702
- Tax Frequency
- Annually
Courtesy of Keller Williams Realty GDM, Darson Grantham,
Listing Contact: (641) 745-0156
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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