USAIADes Moines2936 E Walnut St
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2936 E Walnut St, Des Moines, IA

Real Estate

Pending

Listed price in listed location currency (USD).
$225,000

000

MLS® 729659

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 2224 sqft
Garage No
HOA Fees 
Taxes $5,662
Approx. Age 1924
Avg. Price Per Sqft $101
MLS® Number 729659

Property Address: 2936 E Walnut St, Des Moines, IA, 50317-7900

Average square foot calculated using Size range provided by listing agent.

Description

Here’s a great opportunity to own a 5-unit property just steps from the Iowa State Fairgrounds — a setup that doesn’t come along often. You’ll find a 4-plex plus a detached single-family home on one lot, giving you multiple income streams and plenty of flexibility. The property currently brings in $3, 750/month in rent (units at $650, $650, $650, $850, and $950). The two upstairs units are long-term tenants, while the others offer room for rent increases or improvements over time. The landlord currently pays all utilities, providing a value-add opportunity for a new owner to transition to tenant-paid utilities and boost cash flow. There’s also tons of off-street parking, including extra income during the State Fair when parking demand goes up. If you’ve been looking for an affordable multifamily property with strong numbers and even stronger potential, this is it.
MLS® Number729659
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1924
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
-Sold Price

Pending

Nov 4, 2025List Date
$225,000List Price
  • Commute

Commute

Starting Address
Destination Address
2936 E Walnut St, Des Moines, IA

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