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 Quartz Team Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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