About This Home

This 0-bedroom, 0-bathroom residential multi family at 2312 Forest Avenue in Des Moines, IA is listed for $200,000 ($28 per sqft). Built in 1900, the home offers 7,238 sqft of living space on a 0.26 acres lot.

Key Features

  • Built in 1900
  • 0.26 acre lot
  • 2 stories

Property Details

2 stories
1900
Listing Description

Investors! Looking for your next project? This unique parcel features two properties with significant renovation and investment potential. 2312 Forest Ave is a block commercial building offering approximately 1,144 sq. ft. of finished space, ideal for a retail storefront, office, or other commercial use.

The upper level includes two 2-bedroom apartments, both taken down to the studs and ready for a complete remodel. 1370 23rd St. is a historic Victorian home that has been fully gutted and is ready for renovation. With approximately 4,124 sq. ft., the property was previously configured as seven apartments, offering the potential for a substantial redevelopment opportunity.

With both properties already opened up for renovation, this parcel presents an opportunity for investors looking to rehab, reposition, and add value. Value-Add Investment Opportunity - Two Properties on One Parcel. Permits ready to be pulled.

Monthly Cost Estimate

$1,070/mo

20% down · 6.5% · 30 years

Principal$145
Interest$867
Insurance$58

Estimates only. Actual payments may vary.

Location

2312 Forest Avenue

Des Moines, IA 50311

Property Details

Flooring

Tile

Construction

Frame

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 2312 Forest Avenue is listed at $200,000 ($28/sqft). The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.26 acre lot, 2 stories.

This property is listed by Timothy Schutte.

TS

Timothy Schutte

Agent at Exit Realty and Associates

Listed by Exit Realty and Associates · Broker phone: (515) 991-4204 · View on Broker Site · Broker website

MLS# 749583· Source: Des Moines Area Association of REALTORS®, Inc.· 42 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.

2312 Forest Avenue, Des Moines, IA 50311

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