3419 1st St

Off Market

3419 1st St

Des Moines IA 50313

3306 sq. ft.

9825 sq. ft.

Other

Last sold for $260,000

Rivera, Ryan, last sold this property on 02 September 2026 after 182 days on market.

Overview

Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time investor looking to build a portfolio or a seasoned investor seeking an affordable value-add asset, this property offers stable income today with additional rental growth potential tomorrow. Current rental certificate in place. Financial information available upon request.

Features

5 bedrooms

7 bathrooms

2 carspaces

2 garage spaces

3306 sq. ft. floor area

9825 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 5 bedroom other properties sold in Des Moines over the last 12 months.

Property history for 3419 1st St

2026

Sold

$260,000

02 Sep 2026 by Rivera, Ryan, of Zealty Home Advisors

Happy sellers in Des Moines

96%

96% of sellers in Des Moines reported that their sale price either exceeded or met their price expectations.

Des Moines stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Des Moines over the last 12 months.

Local market activity for 5 bedroom other properties in Des Moines

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Des Moines for a market analysis.

Susie Sheldahl

at Realty ONE Group Impact

(123 reviews)

Get a market analysis

Nicole Larson

at REMAX Precision | East Aurora

(25 reviews)

Get a market analysis

Nathan Davidson

at Keller Williams Greater Des Moines

(14 reviews)

Get a market analysis

Wilfredo Montenegro

at Realty ONE Group Impact

(1 review)

Get a market analysis

Nearby agents

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Susie Sheldahl

Sellers who recommend Susie Sheldahl have praised them for being local expert, responsive, clear communication, supportive, friendly, honest, and trustworthy