# 3419 1st Street, Des Moines, IA 50313

> **TL;DR:** 5bd/7ba residential multi family, $279,900 ($85/sqft), built 1890, 3,306 sqft.
> A/C. Est. $1,213/mo. Listed 96 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $279,900 |
| Price/sqft | $85 |
| Bedrooms | 5 |
| Bathrooms | 7 full |
| Square Feet | 3,306 |
| Year Built | 1890 |
| Lot Size | 9,845 sqft (0.23 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 96 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,213 |
| **Total** | **$1,213** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1890
- 0.23 acre lot
- 2 stories

## Description

### Agent Description
Investor opportunity! This income-producing 7-unit multifamily property offers an affordable entry point into multifamily ownership with immediate cash flow and future upside. Located in the desirable Highland Park area of Des Moines, the property features a strong rental history, current rental certificate, and separately metered utilities to help minimize owner expenses. Several units have been refreshed, and major capital improvements have already been completed, including a new roof, new sewer line, and new backflow system in 2025. Off-street parking and a detached garage provide added tenant convenience. Situated near public transportation, shopping, restaurants, and neighborhood amenities, this property continues to benefit from strong rental demand. Whether you're a first-time investor looking to build a portfolio or a seasoned investor seeking an affordable value-add asset, this property offers stable income today with additional rental growth potential tomorrow. Current rental certificate in place. Financial information available upon request.

## Location

- **Address:** 3419 1st Street, Des Moines, IA 50313
- **County:** Polk
- **Coordinates:** 41.626562, -93.618388
- **Google Maps:** https://www.google.com/maps?q=41.626562,-93.618388

## Listing Agent

- **Name:** Ryan Rivera
- **Brokerage:** Zealty Home Advisors
- **Phone:** 5155545870
- **Email:** Ryan@ZealtyNow.com

## Primary Photo

![3419 1st Street - Primary Photo](http://lh.rdcpix.com/567fcb6b71bcea7877492750888d9d28l-f2948483930r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/3419-1st-street-des-moines-ia-50313-a735080)*

---

**MLS#:** 735080 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/3419-1st-street-des-moines-ia-50313-a735080)

---

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