Pat Beck

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1987 & 1989 SW 1st StreetDes Moines, IA 50315

Multi-Family · 3 Beds · 2 Full Baths · 1,436 Sq. ft. | 0.20 Acres
$199,000 Active

1987 & 1989 SW 1st Street Overview

Time on Site:
61 days
Visits:
5

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.

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1987 & 1989 SW 1st Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,436
  • Price/Sq.ft. $139
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Des Moines Independent

Building Information

  • Year Built: 1910

Location/Region

  • County Or Parish: Polk
  • MLS Area Major: Des Moines S.West
  • Postal City: Des Moines

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 2701.82

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 02002923000000
  • Property Type: Multi Family
  • Zoning: N5

Interior

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 1436.0

General Information

  • Levels: One and One Half
  • Living Area: 1436.0

Exterior

Lot Information

  • Lot Size Acres: 0.197
  • Lot Size Area: 0.197
  • Lot Size Dimensions: 52X165
  • Lot Size Square Feet: 8580.0
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Bungalow,One and One Half Story
  • Roof: Asphalt,Shingle

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer

1987 & 1989 SW 1st Street Neighborhood

Community

50315 (Des Moines) Demographics

37
Median Age
3,516
Population Density (per sq. mile)
27%
College Educated
$51,710
Estimated Median Income
8,933
Estimated Total Home Owners
5,516
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1987 & 1989 SW 1st Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1987 & 1989 SW 1st Street Market Data

Based on the last 30 days in this zip code

$237,346
Average List Price
$195
Average Price per Square Foot
0
Properties Sold
81
Average Days on Market
173
Properties for Sale
Calculations provided by Reliance Network

1987 & 1989 SW 1st Street History

Date Event Value Agent
6/2/2026Source: Des Moines Area Price Reduction
$199,000 -5.2%
4/29/2026Source: Des Moines Area Added to Database
April 29, 2026
Listing provided courtesy of Keller Williams Realty GDM- MLS# 738867MLS ProviderContact Information: (641) 745-0156