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1642 E Grand Avenue

Des Moines, IA 50316
  • $199,000
  • STATUS: Closed
  • ON SITE: 187 Days
  • MLS #: 722579
Sold - 10/31/2025
$199,000
SOLD - 10/31/2025
  • 4
    BEDS
  • 0.12
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,768
    SQFT
  • $113
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1882
County:

School Ratings & Info

School District:

Description

Great investor opportunity with this tri-plex in east Des Moines! This property is fully occupied with Units 1 and 2 bringing $850 per month and Unit 3 bringing $750 per month. Monthly costs are between $1600-$1800. Cash Flow is great if you're looking for a side hustle! Rental certificate in place. Open to creative financing.

Monthly Payment Calculator

© 2026 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Capital City. Data last updated: 2026-01-21T12:22:34.72.
www.exitrealtycc.com/homes/166011972
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1642 E Grand Avenue Des Moines, IA 50316

  • Price: $189,900
  • Status: Closed
  • On Site: 187 Days
  • Updated: 61 min ago
  • MLS #: 722579
4
Beds
3
Baths
0
½ Baths
0.12
Acres
1,768
SQFT
$113
$/SQFT
1882
Built
Neighborhood:
Des Moines East
County:
Polk
Area:
Des Moines East
School District:
Des Moines Independent
Property Description
Great investor opportunity with this tri-plex in east Des Moines! This property is fully occupied with Units 1 and 2 bringing $850 per month and Unit 3 bringing $750 per month. Monthly costs are between $1600-$1800. Cash Flow is great if you're looking for a side hustle! Rental certificate in place. Open to creative financing.
Exterior Features

Architectural Style Two Story Foundation Details Brick / Mortar Levels Two Road Surface Type Concrete Roof Asphalt Shingle

Interior Features

Appliances Refrigerator Stove Basement Unfinished Basement YN Yes Cooling Central Air Cooling YN Yes Heating Forced Air Gas Heating YN Yes

Property Features

Buyer Financing Assumed Community Features Laundry Facilities Electric On Property YN Yes Gross Income 2450 Home Warranty YN No Lease Considered YN No Listing Terms Assumable Cash Conventional Contract VA Loan Lot Features Rectangular Lot Lot Size Dimensions 35 X150 Owner Pays Gas Insurance Taxes Sewer Public Sewer Tax Annual Amount 2661.03 Tenant Pays Water Utilities Electricity Available Natural Gas Available Water Available Water Source Public Zoning RX1

Listing provided courtesy of Agency Iowa: (515) 877-4692. © 2026 Des Moines Multiple Listing Service.
© 2026 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Capital City. Data last updated: 2026-01-21T12:22:34.72.
 
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