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707 & 715 E Mckinley AvenueDes Moines, IA 50315

Multi-Family · 8 Beds · 4 Full Baths · 3,499 Sq. ft. | 0.67 Acres
$590,000 Active

707 & 715 E Mckinley Avenue Overview

Time on Site:
18 days
Visits:
0

If you're looking for a duplex portfolio, this is your chance! 707 & 715 E. McKinley Ave. are located side by side, making management and maintenance much more efficient for an investor. Per the seller, all four units offer 3 bedrooms with additional finished basement sq footage. The combined gross monthly income for both duplexes is $4,893. Tenants are responsible for all utilities, including water, sewer, storm water, gas, electric, lawn care, and snow removal, helping keep operating expenses low. The owner is responsible for snow removal of the parking areas due to the shared driveways. 715 New furnace & Ac (2023) & 717 water heater replaced (2024). Conveniently located near shopping, dining, and everyday amenities, these properties offer strong rental appeal. Additional features include spacious backyards, walkout basements, and functional floor plans. This investment presents excellent upside potential for investors looking to enhance value and maximize returns. Also available from the same owner are 801, 807 and 815 E. McKinley Ave., creating the opportunity to acquire a larger multifamily portfolio. All information obtained from seller and public records.

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707 & 715 E Mckinley Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,499
  • Price/Sq.ft. $169
  • Lot 0.67 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Des Moines Independent

Income/Expenses

  • Gross Income: 4893.0

Building Information

  • Year Built: 1984

Location/Region

  • County Or Parish: Polk
  • MLS Area Major: Des Moines S.East
  • Postal City: Des Moines

Rent/Lease Information

  • Lease Considered: false
  • Tenant Pays: Electricity,Gas,Water

Tax Information

  • Tax Annual Amount: 10333.01

General Information

  • Furnished: Unfurnished
  • Listing Terms: Cash,Conventional
  • Parcel Number: 120/00138-105-000 & 120/00138-104-000
  • Property Type: Multi Family
  • Zoning: N3AF

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 4
  • Bedrooms Total: 8

Building Interior

  • Building Area Total: 3499.0

General Information

  • Appliances: Dishwasher,Refrigerator,Stove
  • Flooring: Carpet
  • Foundation Details: Block
  • Levels: Two
  • Living Area: 3499.0
  • Security Features: Smoke Detector(s)
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Detached,Garage,Two Car Garage

Lot Information

  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.669
  • Lot Size Area: 0.669
  • Lot Size Square Feet: 29120.0
  • Lot Size Units: Acres
  • Road Surface Type: Concrete
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Two Story
  • Attached Garage: false
  • Roof: Asphalt,Shingle

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Water Available

707 & 715 E Mckinley Avenue Neighborhood

Community

50315 (Des Moines) Demographics

37
Median Age
3,516
Population Density (per sq. mile)
27%
College Educated
$51,710
Estimated Median Income
8,933
Estimated Total Home Owners
5,516
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

707 & 715 E Mckinley Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

707 & 715 E Mckinley Avenue Market Data

Based on the last 30 days in this zip code

$237,346
Average List Price
$195
Average Price per Square Foot
48
Properties Sold
81
Average Days on Market
173
Properties for Sale
Calculations provided by Reliance Network

707 & 715 E Mckinley Avenue History

Date Event Value Agent
6/10/2026Source: Des Moines Area Added to Database
June 10, 2026
Listing provided courtesy of RE/MAX Precision- MLS# 742767MLS ProviderContact Information: (515) 681-7001