Price Reduced Listing
2712 Dean Avenue,Des Moines, IA 50317
Des Moines, IA 50317
Description
Opportunity knocks with this cash-flowing investment property featuring an up/down duplex and a detached efficiency unit, providing three separate income-producing units on one lot. The property offers a spacious 4-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a detached efficiency unit, all conveniently located near the Iowa State Fairgrounds with easy access to downtown Des Moines. It has a proven rental history and generates cash flow. Major improvements have been completed throughout the property in recent years. In 2024, the west basement wall was professionally sealed and insulated. Updates completed in 2025 include new flooring in Unit 2, a remodeled bathroom with a vent fan in Unit 1, and a refreshed efficiency unit featuring new flooring, a new shower, fresh paint, kitchen improvements, and updated appliances. The sewer line was also repaired from the house to the city main in 2025 and includes a transferable warranty. In 2026, additional improvements included new kitchen ceiling tiles in Unit 1, along with a new roof and water heater for the efficiency unit, helping provide added peace of mind for the next owner. With many major capital improvements already completed, this property offers a strong combination of immediate cash flow and long-term value. Whether you're looking to expand your portfolio or add a high-performing investment to your holdings, this is an opportunity worth a closer look.
Details
| MLS # | 745868 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 32 |
| Listing Provided By | Keller Williams Legacy Group | Ryan Rohlf |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,710 |
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Zoning | Res |
| Acreage | 0.20 |
Exterior
| Lot Features | Rectangular Lot |
|---|
Taxes
| Tax Annual Amount | 2290 |
|---|
Area Information
| State | IA |
|---|---|
| County | Polk |
| City | Des Moines |
| Zip Code | 50317 |
| Area | Des Moines East |
| Listing VS Median (in 50317) | |
Price: $275,000 low | high Med: $235,000 sqft: 1,710 low | high Med: 1,091 $ / sqft: $161 low | high Med: $215 On site: 32 low | high Med: 55 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IA |
|---|---|
| County | Polk |
| City | Des Moines |
| Zip Code | 50317 |
| Area | Des Moines East |
| Listing VS Median (in 50317) | |
Price: $275,000 low | high Med: $235,000 sqft: 1,710 low | high Med: 1,091 $ / sqft: $161 low | high Med: $215 On site: 32 low | high Med: 55 | |
