About This Home

This 4-bedroom, 2-bathroom single family at 121 E Watrous Avenue in Des Moines, IA is listed for $275,000 ($195 per sqft). Built in 1977, the home offers 1,408 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1977
  • 0.22 acre lot

Property Details

1 story
2 full
1977

Amenities

A/C
Listing Description

Attention investors and owner occupants. This updated duplex is a fantastic opportunity to build wealth through real estate while generating rental income. Whether you're looking to add to your investment portfolio or live in one unit and rent the other, this property offers flexibility and long term potential.

Both units feature durable luxury vinyl plank flooring throughout with no carpet, creating a clean, modern look that is easy to maintain and appealing to tenants. The functional layouts provide comfortable living spaces that are move in ready, helping you attract renters quickly.

One of the standout features is the walk out basement, offering the potential to finish additional living space, create extra storage, or explore future income producing possibilities. The private backyard provides outdoor space that tenants will appreciate and adds to the property's overall appeal.

Conveniently located near downtown Des Moines, schools, restaurants, shopping, parks, and major highways, this duplex offers easy access to everything tenants are looking for. With updated finishes, low maintenance flooring, and room to add value, this is an investment opportunity you won't want to miss.

Monthly Cost Estimate

$1,471/mo

20% down · 6.5% · 30 years

Principal$199
Interest$1,192
Insurance$80

Estimates only. Actual payments may vary.

Location

121 E Watrous Avenue

Des Moines, IA 50315

Property Details

Heating

Forced AirNatural Gas

Cooling

Central Air

Appliances

RefrigeratorStove

Questions & Answers

This 4-bedroom, 2-bathroom single family at 121 E Watrous Avenue is listed at $275,000 ($195/sqft). The estimated monthly payment is $1,471 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1977, 0.22 acre lot.

This property is listed by Shonna Murrey.

SM

Shonna Murrey

Agent at Epique Realty

Listed by Epique Realty · Broker phone: (712) 264-5678 · View on Broker Site · Broker website

MLS# 746261· Source: Des Moines Area Association of REALTORS®, Inc.· 93 days on PropertySimple

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

121 E Watrous Avenue, Des Moines, IA 50315

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