3103 Grand Avenue, Des Moines, IA 50312
Polk County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Year Built
1913
Living Area
3,967 sq ft
Lot Size
0.53 acres
Lot Dimensions
105.72X225
Garage Spaces
2
Zoning
R-4
Days on Market
63
MLS® Listing#
739573
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Construction
Foundation
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$10,300
Tax year 2026
Parcel Number
09002175002000
Directions
see remarks
Affordability Calculator
$119,000
Estimated monthly payment
$3,167/mo
Principal $476,000 · Est. interest $664,062 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Des Moines, IA
- $294,567
- Median Listing Price
- 57
- Median Days on Market
- 1,410
- Median Sq Ft
- $203
- Median Price / Sq Ft
- 1,324
- Active Listings
- This home’s price is 102% above the area median.
- Its price per sq ft is 26% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Des Moines, IA.
Location
Points of Interest in Des Moines, IA
Showing the Des Moines area map.
Nearby Schools
Des Moines Public Schools
Elementary · 0.4 mi away
Ruby van Meter School
School · 0.4 mi away
Callanan Middle School
Secondary · 0.4 mi away
Plymouth Nursery School
School · 0.7 mi away
St. Augustin School
School · 0.9 mi away
Des Moines Public Schools Central Academy
School · 0.9 mi away
Hubbell Elementary School
Elementary · 0.9 mi away
Central Campus
Secondary · 0.9 mi away
Theodore Roosevelt High School
Secondary · 1.1 mi away
Jewels Academy
School · 1.1 mi away
Children's Garden
Elementary · 1.1 mi away
Des Moines Roosevelt Roughrider Athletics and Activities
School · 1.1 mi away
Bergman Academy
School · 1.2 mi away
Edmunds Elementary School
Elementary · 1.3 mi away
Des Moines Public Schools
School · 1.4 mi away
School of Mary - Montessori
Elementary · 1.4 mi away
Oak Academy
School · 1.4 mi away
Merrill Middle School
Secondary · 1.5 mi away
Walnut Street School
Elementary · 1.6 mi away
Martin Luther King Academy
School · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1372 E 12th Street, Des Moines, IA | $430,000 | 12 | 6 | — |
| 801 & 807 E Mckinley Avenue, Des Moines, IA | $550,000 | 8 | 4 | 3,499 |
| 707 & 715 E Mckinley Avenue, Des Moines, IA | $590,000 | 8 | 4 | 3,499 |
| 1940 Arlington Avenue, Des Moines, IA | $620,000 | 10 | 9 | 4,858 |
Moving Cost Estimate
EXIT Agents in Des Moines
Listing Courtesy: RE/MAX Concepts-Ames - (515) 276-2872