$275,000
- 4 Beds
- 2 Baths
- 1,408 sqft
121 E Watrous Ave, Des Moines, IA 50315
Est. Mortgage $1,899/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1977
$195/sqft
Local Information
-- mins to
About this House
Attention investors and owner occupants. This updated duplex is a fantastic opportunity to build wealth through real estate while generating rental income. Whether you're looking to add to your investment portfolio or live in one unit and rent the other, this property offers flexibility and long term potential.
Both units feature durable luxury vinyl plank flooring throughout with no carpet, creating a clean, modern look that is easy to maintain and appealing to tenants. The functional layouts provide comfortable living spaces that are move in ready, helping you attract renters quickly.
One of the standout features is the walk out basement, offering the potential to finish additional living space, create extra storage, or explore future income producing possibilities. The private backyard provides outdoor space that tenants will appreciate and adds to the property's overall appeal.
Conveniently located near downtown Des Moines, schools, restaurants, shopping, parks, and major highways, this duplex offers easy access to everything tenants are looking for. With updated finishes, low maintenance flooring, and room to add value, this is an investment opportunity you won't want to miss.
Both units feature durable luxury vinyl plank flooring throughout with no carpet, creating a clean, modern look that is easy to maintain and appealing to tenants. The functional layouts provide comfortable living spaces that are move in ready, helping you attract renters quickly.
One of the standout features is the walk out basement, offering the potential to finish additional living space, create extra storage, or explore future income producing possibilities. The private backyard provides outdoor space that tenants will appreciate and adds to the property's overall appeal.
Conveniently located near downtown Des Moines, schools, restaurants, shopping, parks, and major highways, this duplex offers easy access to everything tenants are looking for. With updated finishes, low maintenance flooring, and room to add value, this is an investment opportunity you won't want to miss.
Last check for updates: about 14 hours ago
Listing courtesy of Shonna Murrey, (515) 612-8939
Epique Realty
Originating MLS: Des Moines Area Association of REALTORS
Source: DMMLS, MLS#746261

Also Listed on DMMLS.
Home Details for 121 E Watrous Ave
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Interior Details Basement: Unfinished,Walk-Out Access |
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1408 Square Feet |
Appliances & Utilities Appliances: Refrigerator, StoveRefrigerator |
Heating & Cooling Heating: Forced Air,Gas,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 1 |
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Exterior Home Features Roof: Asphalt ShingleFoundation: Poured |
Frontage Road Surface Type: ConcreteNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 28Days on Market: 52 |
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Year Built Year Built: 1977 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Ranch |
Property Information Parcel Number: 12005236001000 |
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Price List Price: $275,000Price Per Sqft: $195 |
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MLS Status: Active |
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Direction & Address City: Des Moines |
School Information Elementary School District: Des Moines IndependentJr High / Middle School District: Des Moines IndependentHigh School District: Des Moines Independent |
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Listing Agent Listing ID: 746261 |
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Building Area Building Area: 1408 Square Feet |
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Association for this Listing: Des Moines Area Association of REALTORSNo HOA |
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Lot Area: 9713.88 sqft |
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Listing Terms: Cash, Conventional |
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Owner Pays: Taxes |
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BasementMls Number: 746261Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-19153-N-12005236001000-R-N |
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Days On Market Replication: 28 |
Around this home
Market trends in Des Moines
Last updated August 2026
Avg. sale price
$214K
Sale-to-List Price
99.1%
0.1%MoM
Price per sq ft
$192
$1MoM
Available listings
1060
36MoM
Home Value
Trulia Estimate
$270KSince last month
Increased$3K (+1.2%)Since last year
Increased$83K (+44.5%)Since last sale
Increased$150K (+125%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +123% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $270K |
| August 2026 | $267K |
| July 2026 | $274K |
| June 2026 | $193K |
| May 2026 | $193K |
| April 2026 | $192K |
| March 2026 | $184K |
| February 2026 | $182K |
| January 2026 | $187K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.35 | Multi-Family Home | $210,000 | 11/14/25 | 4 | 2 | 1,671 | |
0.28 | Multi-Family Home | $227,950 | 11/06/25 | 4 | 2 | 1,408 | |
0.36 | Multi-Family Home | $170,000 | 05/15/26 | 8 | 2 | 1,584 | |
0.45 | Multi-Family Home | $270,000 | 12/23/25 | 4 | 2 | 918 | |
0.51 | Multi-Family Home | $244,000 | 08/14/26 | 4 | 2 | 936 | |
0.46 | Multi-Family Home | $275,000 | 09/29/25 | 6 | 3 | 1,493 | |
0.51 | Multi-Family Home | $250,000 | 09/26/25 | 4 | 2 | 1,008 | |
0.80 | Multi-Family Home | $210,400 | 03/20/26 | 4 | 2 | 1,408 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.01 | $200,100 | 2 | 2 | 836 | Off Market | |
0.05 | $217,500 | 2 | 1 | 876 | Recently Sold | |
0.05 | $290,100 | 5 | 3 | 2,028 | Off Market | |
0.09 | $150,000 | 3 | 1 | 1,042 | Recently Sold | |
0.10 | $259,200 | 3 | 2 | 1,822 | Off Market | |
0.10 | $279,000 | 3 | 2 | 969 | Recently Sold | |
0.12 | $260,000 | 3 | 2 | 1,456 | Recently Sold | |
0.10 | $210,200 | Studio | - | 1,092 | Off Market | |
0.10 | $127,000 | 3 | 1 | 884 | Recently Sold | |
0.11 | $141,400 | Studio | - | 884 | Recently Sold | |
0.12 | $214,800 | 2 | 1 | 810 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 8, 2026 Source: Zillow Rentals | ListingRemoved | $1,075 |
Jul 29, 2026 Source: DMMLS #746261 | Listed For Sale | $275,000 |
Jul 21, 2026 Source: Zillow Rentals | Listed For Rent | $1,075 |
Jun 23, 2026 Source: Zillow Rentals | ListingRemoved | $1,075 |
May 5, 2026 Source: Zillow Rentals | Listed For Rent | $1,075 |
May 20, 2025 Source: Zillow Rentals | ListingRemoved | $1,075 |
Apr 24, 2025 Source: Zillow Rentals | PriceChange | $1,075 Price decreased by 9% |
Apr 9, 2025 Source: Zillow Rentals | Listed For Rent | $1,175 |
May 30, 2023 Source: Zillow Rentals | ListingRemoved | |
May 23, 2023 Source: Zillow Rentals | Listed For Rent | $1,050 |
Jul 15, 2021 Source: RE/MAX Central | ListingRemoved | |
Jun 11, 2021 Source: RE/MAX Central #630414 | PendingToActive | $195,000 |
Jun 3, 2021 Source: RE/MAX Central #630414 | Pending | $195,000 |
Jun 2, 2021 Source: RE/MAX Central #630414 | Listed For Sale | $195,000 |
Jun 10, 2019 Source: Agent Provided | ListingRemoved | $800 |
Mar 15, 2019 Source: Agent Provided | PriceChange | $800 Price decreased by 6% |
Mar 1, 2019 Source: Agent Provided | Listed For Rent | $850 |
Jul 29, 2014 Source: N/A | Sold | $120,000 |
Sep 28, 2007 Source: N/A | Sold | $119,480 |
Jan 7, 2004 Source: N/A | Sold | $122,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $3,726 | $210,000 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Shonna Murrey, Epique Realty
Agent Phone: (515) 612-8939

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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Frequently asked questions about 121 E Watrous Ave
- What is the estimated monthly payment for 121 E Watrous Ave?Based on a $275,000 list price with 20% down at today's rates, the estimated monthly payment for 121 E Watrous Ave in Des Moines, IA is approximately $1,925 (about $1,504 principal & interest, $346 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 121 E Watrous Ave compare to homes in Des Moines?121 E Watrous Ave in Des Moines, IA is listed at $275,000, about 28% above the $214K median sale price in Des Moines.
- What are the closest schools to 121 E Watrous Ave?The closest schools to 121 E Watrous Ave in Des Moines, IA are Lincoln High School (rated 2/10), South Union Elementary School (rated 4/10), Weeks Middle School (rated 2/10).
- What is 121 E Watrous Ave estimated to be worth?Trulia's estimated value for 121 E Watrous Ave in Des Moines, IA is $270,000.
- Does 121 E Watrous Ave have air conditioning?Yes, 121 E Watrous Ave in Des Moines, IA has air conditioning.
121 E Watrous Ave, Des Moines, IA 50315 is a 4 bedroom, 2 bathroom, 1,408 sqft multi-family built in 1977. 121 E Watrous Ave is located in Magnolia Park, Des Moines. This property is currently available for sale and was listed by DMMLS on Jul 29, 2026. The MLS # for this home is MLS# 746261.

