1527 Forest AvenueDes Moines, IA 50314

Multi-Family · 4 Beds · 2 Full Baths · 3,729 Sq. ft. | 0.10 Acres
$199,000 Active

1527 Forest Avenue Overview

Time on Site:
56 days
Visits:
11

Strong investment opportunity in Des Moines! This duplex sitting on a corner lot, infront of a park, offers immediate income (combined current income $2,000) potential to raise rent on one unit to $1,100. Live in one and rent one or rent both units. Very big units with potential to finish basement (super high ceilings). Each unit features same layout well-sized bedrooms, functional layouts, and inviting living areas that make it easy to attract and retain renters. The property provides solid rental demand in the area, with room to increase value over time. Conveniently located near downtown, shopping, and major roads. Whether you're expanding your portfolio or getting started in real estate, this is a great opportunity to own an income-producing property with long-term upside. updated mechanicals and new roof/facia and soffits. Current rental certificate.

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1527 Forest Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,729
  • Price/Sq.ft. $53
  • Lot 0.10 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Des Moines Independent

Building Information

  • Year Built: 1924

Location/Region

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

Rent/Lease Information

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

Tax Information

  • Tax Annual Amount: 3300.0

General Information

  • Listing Terms: Assumable,Cash,Conventional,FHA,See Remarks,VA Loan
  • Parcel Number: 08003839000000
  • Property Type: Multi Family
  • Zoning: N5

Interior

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 4

Building Interior

  • Building Area Total: 3729.0

General Information

  • Living Area: 3729.0

Exterior

Lot Information

  • Lot Size Dimensions: 50X85
  • Lot Size Square Feet: 4250.0
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt

General Information

  • Number Of Units Total: 2
  • Utilities: Electricity Available,Natural Gas Available,Water Available

1527 Forest 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.

1527 Forest 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.

1527 Forest 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

1527 Forest Avenue History

Date Event Value Agent
5/4/2026Source: Des Moines Area Added to Database
May 04, 2026
Listing provided courtesy of 515 Rentals & Sales LLC- MLS# 737839MLS ProviderContact Information: (515) 240-6535