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401 Franklin AvenueDes Moines, IA 50314

Multi-Family · 5 Beds · 3 Full Baths · 2,381 Sq. ft. | 0.19 Acres
$200,000 Active

401 Franklin Avenue Overview

Time on Site:
53 days
Visits:
11

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.

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401 Franklin Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,381
  • Price/Sq.ft. $84
  • Lot 0.19 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Des Moines Independent

Building Information

  • Year Built: 1901

Location/Region

  • County Or Parish: Polk
  • MLS Area Major: Des Moines N.West
  • Postal City: Des Moines

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 3196.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 08000150001000
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Senior Community: false
  • Zoning: RES

Interior

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 5

Building Interior

  • Building Area Total: 2381.0

General Information

  • Appliances: Cooktop,Refrigerator
  • Foundation Details: Brick/Mortar
  • Living Area: 2381.0
  • Main Level Bedrooms: 2

Exterior

Lot Information

  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.192
  • Lot Size Area: 0.192
  • Lot Size Square Feet: 8352.0
  • Lot Size Units: Acres
  • Road Surface Type: Concrete
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Duplex
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt,Shingle
  • Structure Type: Duplex

General Information

  • Sewer: Public Sewer

401 Franklin Avenue Neighborhood

Community

50314 (Des Moines) Demographics

30
Median Age
4,363
Population Density (per sq. mile)
25%
College Educated
$39,370
Estimated Median Income
1,512
Estimated Total Home Owners
2,390
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
3
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.

401 Franklin Avenue Monthly Cost

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$ %
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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.

401 Franklin Avenue Market Data

Based on the last 30 days in this zip code

$226,821
Average List Price
$149
Average Price per Square Foot
9
Properties Sold
121
Average Days on Market
47
Properties for Sale
Calculations provided by Reliance Network

401 Franklin Avenue History

Date Event Value Agent
5/7/2026Source: Des Moines Area Added to Database
May 07, 2026
Listing provided courtesy of Realty ONE Group Impact- MLS# 740254MLS ProviderContact Information: (515) 554-5312