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$ 200,000
Est. payment /mo
New
2312 Forest Avenue Des Moines, IA 50311
7,238 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,238 sqft
Price per Sqft $27
MLS Listing ID 749583
Style Two Story
HOA Y/N No
Year Built 1900
Annual Tax Amount $3,336
Tax Year 2026
Lot Size 0.260 Acres
Acres 0.26
Property Description
Investors! Looking for your next project? This unique parcel features two properties with significant renovation and investment potential. 2312 Forest Ave is a block commercial building offering approximately 1,144 sq. ft. of finished space, ideal for a retail storefront, office, or other commercial use. The upper level includes two 2-bedroom apartments, both taken down to the studs and ready for a complete remodel. 1370 23rd St. is a historic Victorian home that has been fully gutted and is ready for renovation. With approximately 4,124 sq. ft., the property was previously configured as seven apartments, offering the potential for a substantial redevelopment opportunity. With both properties already opened up for renovation, this parcel presents an opportunity for investors looking to rehab, reposition, and add value. Value-Add Investment Opportunity — Two Properties on One Parcel
Location
State IA
County Polk
Area Des Moines N.West
Zoning NPC
Rooms
Basement Partial
Interior
Flooring Tile
Fireplace No
Exterior
Private Pool No
Building
Lot Description Corner Lot
Entry Level Two
Foundation Block, Brick/Mortar, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Des Moines Independent
Others
Tax ID 08001563000000
Monthly Total Fees $278
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
©2026 Des Moines Area Association of REALTORS®. All rights reserved.
Listed by EXIT Realty & Associates