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3103 Grand AvenueDes Moines, IA 50312

Multi-Family · 9 Beds · 9 Full Baths · 3,967 Sq. ft. | 0.53 Acres
$595,000 Active

3103 Grand Avenue Overview

Time on Site:
61 days
Visits:
20

Properties along the Grand Ave corridor rarely become available, making this an exceptional investment opportunity in the heart of the highly desirable Grand Avenue corridor. Located along historic Grand Avenue in Des Moines, 7 units in this multi-family property offers strong income potential in one of the city's most established and sought-after neighborhoods. The property benefits from excellent visibility, mature tree-lined streets, and proximity to downtown, Ingersoll dining, retail, cultural attractions and major employment centers. Tenants are drawn to the character, charm, and convenience this corridor consistently delivers. This well-maintained multi-family building all units have been recently remodeled presents immediate cash-flow possibilities.

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3103 Grand Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,967
  • Price/Sq.ft. $150
  • Lot 0.53 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Des Moines Independent

Building Information

  • Year Built: 1913

Location/Region

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

Rent/Lease Information

  • Lease Considered: false
  • Tenant Pays: Electricity

Tax Information

  • Tax Annual Amount: 10300.0
  • Tax Year: 2026

General Information

  • Furnished: Unfurnished
  • Listing Terms: Cash,Conventional
  • Parcel Number: 09002175002000
  • Property Type: Multi Family
  • Zoning: R-4

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 9
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 9
  • Bedrooms Total: 9

Building Interior

  • Below Grade Finished Area: 1052.0
  • Building Area Total: 3967.0

General Information

  • Appliances: Refrigerator,Stove
  • Flooring: Carpet,Vinyl
  • Foundation Details: Brick/Mortar
  • Living Area: 3967.0

Exterior

Parking Information

  • Parking Features: Detached,Garage,Two Car Garage

Lot Information

  • Lot Size Acres: 0.533
  • Lot Size Area: 0.533
  • Lot Size Dimensions: 105.72X225
  • Lot Size Square Feet: 23225.0
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Brick,Wood Siding

General Information

  • Number Of Units Total: 7
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Water Available

3103 Grand Avenue Neighborhood

Community

50312 (DES MOINES) Demographics

42
Median Age
2,712
Population Density (per sq. mile)
67%
College Educated
$66,194
Estimated Median Income
4,859
Estimated Total Home Owners
3,045
Estimated Total Renters
61% / 39%
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.

3103 Grand 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.

3103 Grand Avenue Market Data

Based on the last 30 days in this zip code

$494,202
Average List Price
$258
Average Price per Square Foot
26
Properties Sold
77
Average Days on Market
117
Properties for Sale
Calculations provided by Reliance Network

3103 Grand Avenue History

Date Event Value Agent
4/29/2026Source: Des Moines Area Added to Database
April 29, 2026
4/29/2026Source: Central Iowa MLS Added to Database
April 29, 2026
Listing provided courtesy of RE/MAX Concepts-Ames- MLS# 739573MLS ProviderContact Information: (515) 276-2872