Matt Greene

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1047 Martin Luther King Jr ParkwayDes Moines, IA 50314

Multi-Family · 2 Beds · 3 Full Baths · 2,084 Sq. ft. | 0.14 Acres
$150,000 Active

1047 Martin Luther King Jr Parkway Overview

Time on Site:
5 hours
Visits:
4

Excellent investment and income-producing opportunity! This property features three separate units, all accessible from a central interior foyer, creating a convenient and efficient layout for tenants and property management. Whether you're looking to expand your portfolio or offset your own housing costs, this versatile property offers outstanding potential.

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1047 Martin Luther King Jr Parkway Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,084
  • Price/Sq.ft. $72
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Des Moines Independent

Building Information

  • Year Built: 1900

Location/Region

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

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 2224.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 03004834000000
  • Property Type: Multi Family
  • Special Listing Conditions: Real Estate Owned
  • Zoning: R-3

Interior

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 2

Building Interior

  • Building Area Total: 2084.0

General Information

  • Foundation Details: Brick/Mortar
  • Levels: Two
  • Living Area: 2084.0
  • Stories: 2

Exterior

Lot Information

  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.143
  • Lot Size Area: 0.143
  • Lot Size Dimensions: 50X125
  • Lot Size Square Feet: 6250.0
  • Lot Size Units: Acres
  • Road Surface Type: Concrete
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Two Story
  • Roof: Asphalt,Shingle

General Information

  • Sewer: Public Sewer

1047 Martin Luther King Jr Parkway 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.

1047 Martin Luther King Jr Parkway 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.

1047 Martin Luther King Jr Parkway Market Data

Based on the last 30 days in this zip code

$226,449
Average List Price
$149
Average Price per Square Foot
8
Properties Sold
120
Average Days on Market
48
Properties for Sale
Calculations provided by Reliance Network

1047 Martin Luther King Jr Parkway History

Date Event Value Agent
6/30/2026Source: Des Moines Area Added to Database
June 30, 2026
Steven Camerona
Listing Agent
Listing provided courtesy of Iowa Realty Beaverdale- MLS# 744137MLS ProviderContact Information: 515-978-1289