2303 Carpenter Ave, Des Moines, IA, 50311
About This Home
Just blocks from the Drake University campus, this property, with 5 distinct units, offers multiple streams of revenue and a high cap rate potential in one of Des Moines’ most resilient rental markets.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1907
Materials
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 1
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: See Remarks
Interior Area
- Total structure area: 2,734
- Total interior livable area: 2,734 sqft
Property
Details
- Parcel number: 08006842000000
- Zoning: R-3
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 6,577 sqft
- Lot size dimensions: 62 x 106.4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Heat Wave
- Strong Wind
- Tornado
- Cold Wave
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,137 | $13,644 |
| Home Insurance * | $150 | $1,800 |
| Property Taxes | $321 | $3,852 |
| Electricity | $203 | $2,447 |
| Total | $1,811 | $21,732 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-12-15 | Price change | $225,000 |
| 2025-10-27 | Listed for sale | $235,000 |
| 2024-04-05 | Sold | $235,000 |
| 2024-03-01 | Pending sale | $249,900 |
| 2024-01-29 | Price change | $249,900 |
| 2023-10-05 | Price change | $275,000 |
| 2023-01-31 | Price change | $265,000 |
| 2022-10-17 | Listed for sale | $275,000 |
| 2021-03-22 | Sold | $215,000 |
| 2021-02-11 | Pending sale | $225,000 |
| 2021-01-26 | Listed for sale | $225,000 |
| 2015-01-20 | Sold | $100,000 |
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