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Request Info$199,000
Active
1527 Forest Avenue Overview
- Time on Site:
- 56 days
- Visits:
- 11
Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.
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1527 Forest Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 3,729
- Price/Sq.ft. $53
- Lot 0.10 Acres
Details
General
Association/HOA
- Association: false
School Information
- School District: Des Moines Independent
Building Information
- Year Built: 1924
Location/Region
- County Or Parish: Polk
- MLS Area Major: Des Moines N.West
- Postal City: Des Moines
Rent/Lease Information
- Lease Considered: false
- Tenant Pays: Electricity,Gas,Insurance,Water
Tax Information
- Tax Annual Amount: 3300.0
General Information
- Listing Terms: Assumable,Cash,Conventional,FHA,See Remarks,VA Loan
- Parcel Number: 08003839000000
- Property Type: Multi Family
- Zoning: N5
Interior
Beds/Baths
- Bathrooms Full: 2
- Bathrooms Half: 0
- Bathrooms Three Quarter: 0
- Bathrooms Total: 2
- Bedrooms Total: 4
Building Interior
- Building Area Total: 3729.0
General Information
- Living Area: 3729.0
Exterior
Lot Information
- Lot Size Dimensions: 50X85
- Lot Size Square Feet: 4250.0
- Lot Size Units: Acres
- Road Surface Type: Asphalt
General Information
- Number Of Units Total: 2
- Utilities: Electricity Available,Natural Gas Available,Water Available
1527 Forest Avenue Neighborhood
Community
50314 (Des Moines) Demographics
30
Median Age
4,363
Population Density (per sq. mile)
25%
College Educated
$39,370
Estimated Median Income
1,512
Estimated Total Home Owners
2,390
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
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.1527 Forest Avenue Monthly Cost
1527 Forest Avenue Market Data
Based on the last 30 days in this zip code
$226,449
Average List Price
$149
Average Price per Square Foot
8
Properties Sold
120
Average Days on Market
48
Properties for Sale
1527 Forest Avenue History
| Date | Value | Agent |
|---|---|---|
| 5/4/2026Source: Des Moines Area | May 04, 2026 |
Listing provided courtesy of 515 Rentals & Sales LLC- MLS# 737839
Contact Information: (515) 240-6535
Contact Information: (515) 240-6535