Images
Request Info$225,000
Active
1206 39th Street Overview
- Time on Site:
- 341 days
- Visits:
- 97
$2636 per month Gross rent. Currently 2 long term leases and 1 furnished short term rental. This is a prime rental property in a sought-after Des Moines neighborhood just west of the Drake University Campus. The property comes with a renewed rental license. A new roof was installed in 2021, providing peace of mind for years to come. Unit 1 and Unit 2 have had updates in the past 2 years. This property is in a high-demand rental area, with proximity to local amenities, schools, and public transportation. Whether you're looking to add to your existing investment cash flowing portfolio or step into the Des Moines rental market for the first time, this location offers excellent cash flow potential with minimal maintenance concerns due to recent updates. (Neighboring property 3903 University is also for sale, would consider a discount if sold together)
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
1206 39th Street Facts & Features
- Type Multi-Family
- Sq. ft. 1,964
- Price/Sq.ft. $115
- Lot 0.09 Acres
Details
General
Association/HOA
- Association: false
School Information
- School District: Des Moines Independent
Building Information
- Year Built: 1918
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
Tax Information
- Tax Annual Amount: 3303.0
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 7924-32-377-049
- Property Type: Multi Family
- Zoning: NX1
Interior
Beds/Baths
- Bathrooms Full: 3
- Bathrooms Half: 0
- Bathrooms Three Quarter: 0
- Bathrooms Total: 3
- Bedrooms Total: 4
Building Interior
- Building Area Total: 1964.0
General Information
- Appliances: Built-In Oven,Refrigerator
- Foundation Details: Brick/Mortar
- Levels: One and One Half
- Living Area: 1964.0
Exterior
Lot Information
- Lot Size Square Feet: 3709.0
- Lot Size Units: Acres
- Road Surface Type: Asphalt
- Water Source: Public
Building Exterior/Construction
- Architectural Style: One and One Half Story
- Construction Materials: Asbestos
- Roof: Asphalt,Shingle
General Information
- Number Of Units Total: 3
- Sewer: Public Sewer
- Utilities: Electricity Available,Water Available
1206 39th Street Neighborhood
Community
50311 (Des Moines) Demographics
29
Median Age
6,344
Population Density (per sq. mile)
52%
College Educated
$55,066
Estimated Median Income
3,085
Estimated Total Home Owners
2,994
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
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.1206 39th Street Monthly Cost
1206 39th Street Market Data
Based on the last 30 days in this zip code
$264,849
Average List Price
$181
Average Price per Square Foot
27
Properties Sold
131
Average Days on Market
93
Properties for Sale
1206 39th Street History
| Date | Value | Agent |
|---|---|---|
| 5/22/2026Source: Des Moines Area | $225,000 25.0% |
|
| 4/28/2026Source: Des Moines Area | $180,000 -10.0% |
|
| 2/4/2026Source: Des Moines Area | $200,000 -4.8% |
|
| 12/29/2025Source: Des Moines Area | Active |
|
| 12/8/2025Source: Des Moines Area | Pending |
|
| 8/26/2025Source: Des Moines Area | $210,000 -4.5% |
|
| 8/14/2025Source: Des Moines Area | $220,000 -2.2% |
|
| 7/24/2025Source: Des Moines Area | July 24, 2025 |
Listing provided courtesy of Keller Williams Realty GDM- MLS# 722298
Contact Information: (641) 745-0156
Contact Information: (641) 745-0156