3103 Grand Ave, Des Moines, IA, 50312
About This Home
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.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1913
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Apartment,Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Partial
Features
- Flooring: Vinyl,Carpet
Heating & Cooling
- Heating features: Electric
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 3,967
- Total interior livable area: 3,967 sqft
Property
Details
- Parcel number: 090/02175002000
- Zoning: NX3
Lot
- Lot size: 0.53 Acres
Parking
- Parking features: Garage
- Has garage: Yes
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
- Strong Wind
- Tornado
- Cold Wave
- Hail
- Heat Wave
- Inland Flooding
- 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 | $3,008 | $36,096 |
| Home Insurance * | $401 | $4,812 |
| Property Taxes | $850 | $10,200 |
| Electricity | $295 | $3,550 |
| Total | $4,554 | $54,648 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Listed for sale | $595,000 |
| 2026-01-01 | Listing removed | $546,000 |
| 2025-06-26 | Price change | $546,000 |
| 2025-05-19 | Price change | $496,000 |
| 2025-04-23 | Price change | $595,000 |
| 2025-03-31 | Listed for sale | $785,000 |
| 2024-08-22 | Listing removed | $785,000 |
| 2024-08-12 | Listed for sale | $785,000 |
| 2023-10-31 | Listing removed | $715,000 |
| 2023-08-29 | Listed for sale | $715,000 |
| 2011-04-15 | Sold | $199,500 |
| 1999-03-26 | Sold | $85,700 |
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