About This Home

This 0-bedroom, 1-bathroom residential multi family at 2618 E 9th Street in Des Moines, IA is listed for $350,000 ($265 per sqft). Built in 1910, the home offers 1,321 sqft of living space on a 0.09 acres lot.

Key Features

  • Built in 1910
  • 0.09 acre lot
  • 2 stories

Property Details

2 stories
1 full
1910

Amenities

A/C
Listing Description

INVESTMENT OPPORTUNITY! Unique income-producing package featuring four addresses across two parcels, offering a mix of residential, office, and rental space. All four addresses currently have tenants in place, providing an opportunity for an investor to acquire an established multi-property rental package.

The package includes a single-family residence at 2618 E 9th St. office space at 2620 E 9th, and a two-story building addressed as 2622 E 9th and 831 Morton Ave. The two-story building features one rental unit on the main level and one rental unit on the upper level.

The combination of residential, office, and multi-unit space provides a diverse mix of uses within one investment package. All four addresses are being sold together and will not be sold individually. Utilities: 2618 E 9th St. is tenant-paid for all utilities. At the other three properties, tenants pay their own utilities; owner pays electric and water for common areas. Buyer to verify all information, including rental terms, leases, expenses, zoning, and property details.

Monthly Cost Estimate

$1,872/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,517
Insurance$102

Estimates only. Actual payments may vary.

Location

2618 E 9th Street

Des Moines, IA 50316

Property Details

Heating

Natural GasForced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 1-bathroom residential multi family at 2618 E 9th Street is listed at $350,000 ($265/sqft). The estimated monthly payment is $1,872 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.09 acre lot, 2 stories.

This property is listed by Joseph Webb.

JW

Joseph Webb

Agent at LPT Realty, LLC

Listed by LPT Realty, LLC · Broker phone: (515) 669-4010 · View on Broker Site

MLS# 750289· Source: Des Moines Area Association of REALTORS®, Inc.· 26 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.

2618 E 9th Street, Des Moines, IA 50316

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