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$495,000

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648 19th St, Des Moines, IA 50314

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Icon representing Bedrooms

7

Bedrooms

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7.0

Baths

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4,637

Sqft

Icon representing Price/Sqft

$107

Price/Sqft

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0.17

Acres

About this home

This exceptional 5-plex investment opportunity shines in the desirable Sherman Hill district, perfectly positioned between Gateway Market and Smokey Row. Spanning an impressive 4,637 square feet, this meticulously maintained multi-family property features a diverse mix of thoughtfully designed units to maximize rental potential. The versatile layout includes two spacious 2-bedroom, 2-bath units, two efficient 1-bedroom, 1-bath units, and a stunning 1,000-square-foot loft-style apartment on the third floor that sets this property apart from typical multi-family offerings.

Modern amenities enhance this property's appeal, with a recently upgraded electric heating system providing reliable climate control throughout. The second floor houses convenient coin-operated laundry facilities for tenant use. Five dedicated off-street parking spaces add significant value in this urban setting. The property's location in historic Sherman Hill offers the perfect blend of classic charm and contemporary convenience, with easy access to downtown attractions, dining, and shopping. This turnkey investment property features separate utility metering for tenants, while common area utilities are streamlined under owner management. The property sits on a manageable .17-acre lot, offering the perfect balance of urban living with just enough outdoor space.

Features

Outdoor

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Hot Tub / Spa

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Reference to savings is based on the average price of Galleon home properties or a potential listing price and traditional agent commissions of 6%

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