121 E  Watrous Ave, Des Moines, IA 50315
Property image
Property image
FOR SALE

$275,000

  • 4 Beds
  • 2 Baths
  • 1,408 sqft

121 E Watrous Ave, Des Moines, IA 50315

Magnolia Park
Est. Mortgage $1,899/mo*
Get Pre-Qualified

Home Highlights

Multi-Family
Built in 1977
$195/sqft

Local Information

  • Map ViewExplore the area around 121 E Watrous Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

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.
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

Interior Features

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

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleFoundation: Poured
Frontage
Road Surface Type: ConcreteNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 28Days on Market: 52

Property Information

Year Built
Year Built: 1977
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Ranch
Property Information
Parcel Number: 12005236001000

Price & Status

Price
List Price: $275,000Price Per Sqft: $195

Active Status

MLS Status: Active

Location

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

Agent Information

Listing Agent
Listing ID: 746261

Building

Building Area
Building Area: 1408 Square Feet

HOA

Association for this Listing: Des Moines Area Association of REALTORSNo HOA

Lot Information

Lot Area: 9713.88 sqft

Offer

Listing Terms: Cash, Conventional

Rental Terms, Policies & Fees

Owner Pays: Taxes

Miscellaneous

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

Additional Information

Days On Market Replication: 28

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

Market trends in Des Moines

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$214K
Sale-to-List Price
99.1%
0.1%
MoM
Price per sq ft
$192
$1
MoM
Available listings
1060
36
MoM

Home Value

Trulia Estimate
$270K
Since 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
MonthEstimated 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

DateEventPrice
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

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.

Similar Homes You May Like

Skip to last item
Skip to first item

New Listings near 121 E Watrous Ave

Skip to last item
Skip to first item

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.