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717 Franklin AvenueDes Moines, IA 50314

Multi-Family · 11 Beds · 6 Full Baths · 4,233 Sq. ft. | 0.30 Acres
$269,000 Active

717 Franklin Avenue Overview

Time on Site:
262 days
Visits:
46

This 6-unit multi-family property is income-producing. All units are rented and monthly rents total $4120/mo. Room for rent increases. Large basement for landlord storage. Huge parking lot. See agent notes for link to proforma info. All units have only one tenant currently, so landlord expenses are low. Individual rents: #1 $650 #2 $870 #3 $750 #4 $650 #5 $600 #6 $600

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717 Franklin Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,233
  • Price/Sq.ft. $64
  • Lot 0.30 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Des Moines Independent

Income/Expenses

  • Gross Income: 4120.0

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
  • Tenant Pays: Electricity,Gas

Tax Information

  • Tax Annual Amount: 3077.0

General Information

  • Furnished: Unfurnished
  • Listing Terms: Cash,Conventional
  • Parcel Number: 08007891001000
  • Property Type: Multi Family
  • Zoning: R1-60

Interior

Beds/Baths

  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 6
  • Bedrooms Total: 11

Building Interior

  • Building Area Total: 4233.0

General Information

  • Appliances: Refrigerator,Stove
  • Flooring: Carpet,Hardwood
  • Interior Features: Window Treatments
  • Levels: Two
  • Living Area: 4233.0
  • Security Features: Smoke Detector(s)
  • Stories: 2

Exterior

Lot Information

  • Lot Size Acres: 0.303
  • Lot Size Area: 0.303
  • Lot Size Dimensions: 100X132
  • Lot Size Square Feet: 13200.0
  • Lot Size Units: Acres
  • Road Surface Type: Concrete
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Two Story
  • Construction Materials: Stucco
  • Roof: Asphalt,Shingle

General Information

  • Number Of Units Total: 6
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Water Available

717 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.

717 Franklin 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.

717 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

717 Franklin Avenue History

Date Event Value Agent
4/10/2026Source: Central Iowa MLS Price Reduction
$269,000 -2.2%
4/10/2026Source: Des Moines Area Price Reduction
$269,000 -2.2%
4/2/2026Source: Central Iowa MLS Added to Database
April 02, 2026
10/10/2025Source: Des Moines Area Added to Database
October 10, 2025
Listing provided courtesy of Keller Williams Ankeny Metro- MLS# 727975MLS ProviderContact Information: (515) 965-9100