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2600 Cottage Grove Avenue, Des Moines
$565,000
6 Beds ⋅ 6 Baths ⋅ 750308 MLS
Generate $36,754 NOI from day one with a roadmap to drive NOI over $50,800 via a full short-term rental conversion. Positioned blocks from Drake University, this cash-flowing 6-unit asset is ideal for an investor looking to maximize cash flow and utilize the STR tax loophole. As detailed in the attached proforma, the property currently operates on a hybrid model (2 STRs, 4 long-term rentals) producing an Effective Gross Income of $75,727.71. Converting the remaining 4 units to STRs unlocks massive forced appreciation, pushing estimated valuation up to $726,034 (7.0% baseline cap rate) or $781,883 (6.5% cap rate). The building features updated 1-bed/1-bath units with neutral paint, wood-look flooring, white kitchens, and refreshed baths. Each unit offers separate living and dining areas, spacious bedrooms, and abundant light. Guests and tenants enjoy shared basement laundry, extra storage, a grassy side yard, and a shaded back area. With proximity to Drake Park, campus amenities, University Ave shops, and quick I-235 access, this is a turnkey, high-demand asset.

2600 Cottage Grove Avenue, Des Moines

858 40th Street, Des Moines
$240,000
3 Beds ⋅ 2 Baths ⋅ 750438 MLS
Meticulously updated while intentionally retaining its character, this home opens from an enclosed front porch into fresh paint and original hardwood floors across a majority of the main level. The large living room features a wood-burning fireplace and original built-ins, flowing into a formal dining room, two bedrooms, and an updated full bath. The kitchen offers freshly painted cabinets, brand-new LVP flooring, and all appliances stay. Downstairs, the finished lower level adds new carpet, a third bedroom with full egress, a 3/4 bath, and basement bracing, waterproofing, and a sump system by BAM with a transferable warranty. Outside, enjoy a fully fenced yard with new chain-link on three sides and privacy in the back, plus a 1-car detached garage with new siding/door and a separate storage room off the back. Major updates: Garage siding/door 2026, Roof 2024, BAM waterproofing 2024, HVAC 2024. Call your agent to schedule a tour.

858 40th Street, Des Moines

3211 Cottage Grove Avenue, Des Moines
$399,000
3 Beds ⋅ 3 Baths ⋅ 749363 MLS
Welcome to the historic Drake neighborhood and this beautiful updated three bedroom, three bathroom home. The kitchen has been fully updated with quartz countertops and stainless steel appliances, making it a perfect area for home living or entertaining guests. The home is beautifully landscaped, featuring a fully fenced in backyard and a front yard with established flowers and gardens. One of the most unique features is the custom built oversized detached two car garage. Fully equipped with heat and air conditioning, it's perfect for a workshop, two large vehicles, or a detached workout area. This home maintains the historic character of old town Des Moines while enjoying modern updates and amenities. Located in the Invest Des Moines area (investdsm.org) it is move-in ready with the ability to curate it to your tastes.

3211 Cottage Grove Avenue, Des Moines

2134 High Street, Des Moines
$229,900
2 Beds ⋅ 3 Baths ⋅ 748966 MLS
Lovely end unit townhome in a great location close to everything along Ingersoll Ave and Downtown DSM. This 2 bed 2.5 bath end unit is pet and rental/investor friendly. Updated hardware and fixtures, can lighting and ceiling fans. New plantation shutters on all the main level windows. Hardwood floors and elevated outlets to hide pesky tv wires. Upstairs includes two bedrooms each with its own attached bath and walk in closet, plus 2nd floor laundry. Attached 2 car garage with extra overhead storage. South facing front door and end unit allows plenty of natural light in, while also providing shade on the deck. Walking distance to hospitals, neighborhood markets, as well as parks, breweries, biking trails, live music venues, restaurants and outdoor festivals. Airport and I235 are close by for easy commute. Only a short walk, bike, or scooter ride to Gray’s Lake and Water Works Park. Furniture available for negotiation as well. Come and see!

2134 High Street, Des Moines

5814 Harwood Drive, Des Moines
$489,900
3 Beds ⋅ 2 Baths ⋅ 748635 MLS
This Waterbury home has the updates everyone wants while still keeping the charm that makes the neighborhood so special. The main level has great natural light and an easy flow between the living room, dining space and kitchen. The recently remodeled kitchen has a clean, timeless feel with plenty of cabinetry and counter space, plus stainless appliances. All of the bathrooms have been thoughtfully updated as well, with modern finishes that give them a polished, high-end feel. Second-floor laundry is another huge bonus and an everyday convenience you’ll quickly appreciate. The basement was remodeled and finished in 2024, adding even more usable space with a rec room, wet bar and room for an office, playroom or workout area. The big-ticket items have been taken care of too, with a new roof and gutters in 2019 and AC in 2024. Outside, the large, mature yard offers plenty of room to enjoy, along with a patio and attached two-car garage. So much has already been done here, but the house still feels like a Waterbury home — full of character, with great spaces and updates that make it easy to move right in.

5814 Harwood Drive, Des Moines

5300 Harwood Drive, Des Moines
$1,700,000
4 Beds ⋅ 5 Baths ⋅ 748429 MLS
Timeless character and exceptional craftsmanship meet modern comfort. This beautifully updated 5,000-square-foot Tudor captures the very best of its era with gorgeous walnut woodwork and distinctive architectural details rarely found in today's homes. A grand, yet welcoming foyer greets you and guides you to the living room, formal dining room and an eat-in kitchen designed for serious cooking & gathering. It features a 7-burner Lacanche Sully range from France, a custom copper hood, custom cabinetry, & three pantries. The living room is anchored by a wood-burning fireplace flanked by built-in bookcases and a charming windowed nook. Just beyond, a bonus room with original blue slate flooring offers a more casual space. A powder room and large walk-in coat closet complete the main level. Three separate sets of doors across the rear of the house create an effortless connection to the patio, completed in 2025. A striking staircase leads to the second floor with four spacious bedrooms and three full baths. Two bedrooms share a Jack-and-Jill bath, while the primary suite includes a walk-in dressing room and a private balcony overlooking the side yard. The finished third floor is ideal as a home office, teen retreat, or guest space. The attached 2-car garage has AC/heat, while the detached 2-car garage offers generous attic storage.

5300 Harwood Drive, Des Moines

6045 N Waterbury Road, Des Moines
$535,000
3 Beds ⋅ 3 Baths ⋅ 747824 MLS
If you value historic character, meticulous care, timeless architecture, and a neighborhood that feels like a true community, this Waterbury home is a must-see. Situated on a flat lot with an attached two-car garage and convenient access to walking and biking trails, this home offers exceptional charm inside and out. Beautiful hardwood floors, walnut doors, and detailed trim flow throughout the home. Highlights include two wood-burning fireplaces, a three-season enclosed porch off the living room, a laundry chute, and custom blinds throughout. The kitchen features solid oak cabinetry, a built-in glass-front china cabinet, and a cozy breakfast nook. Three oversized bedrooms and a full bath are located on the second floor, while the main level and basement each offer a half bath. The partially finished basement includes a family room with a wood-burning fireplace, providing flexible space for an additional family room, office, or recreation area. Outdoor living shines with an oversized deck offering room for grilling and privacy created by mature landscaping. A private second-floor deck overlooks the beautifully terraced backyard. A separate permanent staircase leads to the third floor, offering excellent potential for additional living space or storage. Topping it all off is a Ludowici Italian tile roof—an enduring hallmark of premium historic architecture. The lower back level of the property gives direct access to the bike path. 1 year home warranty included!

6045 N Waterbury Road, Des Moines

648 56th Street, Des Moines
$539,900
3 Beds ⋅ 2 Baths ⋅ 746960 MLS
Located in the historic Waterbury neighborhood, this meticulously maintained 3-bedroom, 1.5-story home has been lovingly cared for by its original owner. Featuring numerous recent updates, including a newer roof, furnace, air conditioning, deck, interior paint, and more, this home is truly move-in ready. The main level offers plenty of space to live and entertain, featuring a spacious formal sitting area, dining room, oversized living room, kitchen, bedroom, and bathroom. Upstairs, you’ll find two generously sized bedrooms and an additional bathroom, providing plenty of room for family and guests. The finished lower level adds even more living space with a comfortable family room featuring new carpet—perfect for movie nights, a play area, or relaxing. Outside, enjoy the beautifully landscaped, fully fenced backyard and deck, offering a private setting for entertaining, relaxing, or enjoying Iowa summers. A well-maintained home in one of Des Moines’ most desirable historic neighborhoods, with space, updates, character, and location—all in one package. This is the one you’ve been waiting for in the heart of Des Moines!

648 56th Street, Des Moines

418 60th Street, Des Moines
$235,500
3 Beds ⋅ 2 Baths ⋅ 746939 MLS
WATERBURY BRICK RANCH home alert! Boasting around 1,500 square feet of finished space including a walk-out basement with a huge 320 square foot back deck! Need an Airbnb/VRBO in a great location? This could be it! Close to Willow on Grand, a newer event space, and walking distance for many to restaurants and bars. The home has a current rental certificate and the furniture is negotiable. This 3-bedroom, 2 bath home features a main level w/ two bedrooms, full bathroom, living room/dining area, kitchen w/ breakfast nook, and kitchen. The basement has a large living space, bedroom en-suite with sitting room/closet, bedroom, and ¾ bath. Stepping out to back yard from your walk-out basement, you will encounter a newer large back deck that spans the length of the home plus a fenced-in yard with some trees. Easy flooring care as there is no carpet. Extra off-street parking pad plus garage accessible through the covered front porch. This home has a great location for any use. Easy access to i235 and a short distance to Valley Junction! Place a call to your agent to see this home today before it is gone!

418 60th Street, Des Moines

2901 High Street, Des Moines
$375,000
8 Beds ⋅ 5 Baths ⋅ 746740 MLS
Rare opportunity to own a multifamily property in the heart of one of Des Moines' most iconic neighborhoods. Located just steps from the vibrant Ingersoll Avenue district, this apartment building offers investors a highly desirable location where tenants can enjoy walkable access to popular restaurants, coffee shops, local businesses, and entertainment. Surrounded by historic architecture and mature tree lined streets, the neighborhood blends timeless character with the convenience of urban living. Its strong sense of community, proximity to downtown, and enduring appeal continue to drive tenant demand, making this an excellent addition to any investment portfolio. Whether you're expanding your holdings or acquiring your first multifamily asset, 2901 High Street presents the opportunity to invest in a location known for its charm, walkability, and long-term rental strength.

2901 High Street, Des Moines

216 SW 39th Street, Des Moines
$449,900
4 Beds ⋅ 2 Baths ⋅ 746470 MLS
Extensively renovated over the past two years, this two-story offers the character of an established neighborhood without the long list of projects! Major investments include a new roof on the home and detached garage (2024) gutters with LeafGuard (2024) updated electrical panel (2024) new windows including Pella double-hung windows and new HVAC (2025). Inside, the transformation goes beyond cosmetics. Walls were removed and a professionally installed steel beam created an open-concept main level. The redesigned kitchen features soft-close cabinetry, granite countertops, stainless steel appliances including a Bosch gas range, range hood, beverage refrigerator, reverse osmosis system and a picture window overlooking the backyard. Both bathrooms have been renovated, while LVP flooring, new carpet, updated lighting and professional interior and exterior paint complete the transformation. With over 2,000 finished sq ft, 4 bedrooms, a finished lower-level living area and nonconforming 5th bedroom, there's plenty of room to spread out. But one of this property's greatest features is outside! Nearly half an acre surrounded by mature trees and established greenery creates remarkable privacy in the heart of Des Moines. A new deck, stone patio with fire pit, fenced pet area with artificial turf and detached 2-car garage with new door openers complete the setting. The major investments have been made. The renovations are complete. All information obtained from seller and public records.

216 SW 39th Street, Des Moines

1131 45th Street, Des Moines
$325,000
4 Beds ⋅ 2 Baths ⋅ 743930 MLS
Step into the timeless charm of this Waveland Park Neighborhood Centennial Home, where historic craftsmanship meets modern comfort. Built in 1915, this 1.5-story offers over 2,000 finished sq. ft. with 4 bedrooms and 2 baths, showcasing original hardwood floors, French doors, built-in bookcases, a dining room hutch, mostly original doors and a classic clawfoot soaking tub. The beautifully refurbished wood-burning fireplace creates a warm focal point, while the updated kitchen features maple cabinetry, quartz countertops, tile backsplash and abundant storage with a slider leading to the fenced backyard, mature trees and patio. A sun-filled four-season room offers the perfect reading nook or home office. Recent updates include: refurbished fireplace, new HVAC control panel and new storm doors. A rare opportunity to own a treasured piece of Des Moines history in the heart of Waveland Park.

1131 45th Street, Des Moines

3300 Elmwood Drive, Des Moines
$565,000
3 Beds ⋅ 3 Baths ⋅ 740340 MLS
Elmwood Drive is a quaint & quiet niche South of Grand. This timeless two-story home offers curb appeal & beautifully designed outdoor living spaces. Perched above a landscaped front yard, the home welcomes you w/ a stone patio overlooking manicured garden beds featuring 40 Limelight hydrangeas, a Japanese maple, magnolia tree, & accent boxwoods. A Juliette balcony off the primary suite adds classic architectural charm. Inside, natural light fills the home, highlighting hardwood floors throughout & a seamless main-level layout ideal for everyday living. The spacious primary suite features multiple oversized closets, an en suite bath w/ dual vanities, & a private sitting room w/ a glass door opening to the balcony & picturesque treetop views. Two additional bedrooms share a full bath on the second floor. Outdoor living is effortless with multiple inviting spaces; a brick patio w/ built-in grilling area, a private seating patio w/ automated awning to shade kitchen windows, & front patio nestled beneath ornamental trees. Main level includes a ¾ bath & laundry. The partially finished lower level provides additional recreation space. Improvements include a new roof (2025), new HVAC system, new kitchen appliances, siding repairs and fresh exterior paint, plus updated hardscape landscaping. Additional features include a brick driveway, 4 parking pads, & a detached single garage w/ lofted storage, offering parking for up to 5 vehicles. Don’t miss out on a special opportunity.

3300 Elmwood Drive, Des Moines

1147 36th Street, Des Moines
$325,000
5 Beds ⋅ 4 Baths ⋅ 739689 MLS
Step into something special at 1147 36th St. in Des Moines’ vibrant Drake Neighborhood. This American Foursquare-style home offers 5 bedrooms, 3.5 bathrooms, and over 2,600 square feet of finished space across four levels, blending original character, flexible living options, and incredible potential. The main floor features a welcoming foyer, spacious living room, dining area, eat-in kitchen, main-level bedroom, half bath, and laundry. Upstairs, you’ll find three spacious bedrooms, including a primary suite with ensuite bath and large walk-in closet. The finished attic adds even more usable space and could serve as a potential 6th bedroom, home office, playroom, art studio, den, or retreat. The basement has its own private entrance and offers possibilities as an in-law suite, guest quarters, or potential 1-bedroom rental setup with living space, full bath, galley kitchen, and laundry. Previously used as a vacation rental and once home to a long-running small business, this Drake-area property offers rare flexibility. Outside, enjoy a fenced backyard, garden potential, front and rear off-street parking, and possible future garage space. Eligible for both Neighborhood Finance Corporation and Invest DSM program funds, this home adds opportunity for qualified buyers. Near Drake University, shops, restaurants, services, and interstate access, 1147 36th St. is character-filled and ready for its next chapter.

1147 36th Street, Des Moines

633 48th Street, Des Moines
$315,000
4 Beds ⋅ 2 Baths ⋅ 725659 MLS
Welcome to 633 48th Street, a beautifully updated 1.5-story home in Des Moines' sought-after Waterbury neighborhood. Built in 1922, it blends historic character with modern comfort and efficiency. Thoughtfully maintained and extensively improved, the home features a new roof, updated electrical system, high-efficiency mini-split heating and cooling, Renewal by Andersen windows with a transferable warranty, updated siding and insulation, and brand-new kitchen appliances. Inside, you'll find the charm and craftsmanship expected of a historic Waterbury home, paired with updates that provide peace of mind. A standout feature is the inviting three-seasons porch with Pella windows and abundant natural light—perfect for morning coffee, reading, or entertaining. Situated on a picturesque, tree-lined street, the home is minutes from Ingersoll Avenue's restaurants, coffee shops, and boutiques, as well as Greenwood Park, the Des Moines Art Center, and downtown amenities. Whether strolling through the neighborhood or exploring nearby attractions, you'll appreciate Waterbury's unique blend of community, convenience, and character. With major capital improvements completed and an unbeatable location, 633 48th Street offers a rare opportunity to own a piece of Des Moines history while enjoying modern updates in one of the city's most desirable neighborhoods.

633 48th Street, Des Moines

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