# 401 Franklin Avenue, Des Moines, IA 50314

> **TL;DR:** 5bd/3ba multi-family, $200,000 ($84/sqft), built 1901, 2,381 sqft.
> A/C. Est. $867/mo. Listed 25 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $200,000 |
| Price/sqft | $84 |
| Bedrooms | 5 |
| Bathrooms | 3 full |
| Square Feet | 2,381 |
| Year Built | 1901 |
| Lot Size | 8,364 sqft (0.19 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 25 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $867 |
| **Total** | **$867** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1901
- 0.19 acre lot

## Description

### Agent Description
Fantastic opportunity to invest! Property provides the opportunity to serve as a 2 unit rental, an owner occupied rental, or conversion to a grand single family home in an area of Des Moines seeing continued development. Main level (Unit 1) houses 2 bedrooms and 2 baths with dining area in an appealing open concept. Unit 2 has 2 bedrooms and 1 bath on the second floor, with an additional third bedroom/loft on the third floor. Recent updates include central air for both units, new appliances, LVP and carpet flooring, and fresh paint throughout. Current rent rates are $1000 for Unit 1 and $1025 for Unit 2. This could be the one to start or extend your real estate portfolio at an amazing price point.

## Location

- **Address:** 401 Franklin Avenue, Des Moines, IA 50314
- **County:** Polk
- **Coordinates:** 41.611559, -93.62376
- **Google Maps:** https://www.google.com/maps?q=41.611559,-93.62376

## Listing Agent

- **Name:** Meghan O'Brien
- **Brokerage:** Realty ONE Group Impact
- **Phone:** 5155545312
- **Email:** meghansellsthe515@gmail.com

## Primary Photo

![401 Franklin Avenue - Primary Photo](http://lh.rdcpix.com/3a7ebc5d12cdecf8c5c8f0c28f8abdb0l-f1257653873r.jpg)

*4 total photos available on [listing page](https://www.propertysimple.com/listing/401-franklin-avenue-des-moines-ia-50314-a740254)*

---

**MLS#:** 740254 | **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/401-franklin-avenue-des-moines-ia-50314-a740254)

---

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