2905 E Walnut St, Des Moines, IA, 50317
About This Home
Opportunity awaits with this charming 2+ bedroom home located just steps from the Iowa State Fairgrounds! Whether you're looking for your next investment property, a renovation project, or a home with excellent income potential, this property offers plenty of possibilities. Its prime location creates exciting opportunities for seasonal income during the Iowa State Fair, including the potential for fair parking or short-term accommodations (subject to local regulations). With some updates and improvements, there is significant upside for investors or owner-occupants looking to build equity. Don't miss this chance to own a property in one of Des Moines' most recognizable neighborhoods with endless possibilities and strong investment potential.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
- Construction materials: Metal Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Refrigerator,Stove
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating & Cooling
- Heating features: Forced Air,Gas,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,253
- Total interior livable area: 1,253 sqft
Property
Details
- Parcel number: 05000815000000
Features
- Stories: 1
Lot
- Lot size: 7,361 sqft
- Lot size dimensions: 50 x 147
Parking
- Total spaces: 2
- Parking features: Detached,Garage,Two Car Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Cold Wave
- Hail
- Heat Wave
- Tornado
- 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 | $631 | $7,572 |
| Home Insurance * | $92 | $1,104 |
| Property Taxes | $131 | $1,572 |
| Electricity | $121 | $1,452 |
| Total | $975 | $11,700 |
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 |
|---|---|---|
| 2026-08-05 | Pending sale | $124,900 |
| 2026-07-23 | Listed for sale | $124,900 |
View on Zillow