1419 E 40th St
Des Moines, IA 50317
Gray's Woods
6 Beds
2 Baths
1,096 sqft
6 Beds
2 Baths
1,096 sqft
Local Information
- Map ViewExplore the area around 1419 E 40th St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1983
Living Area
1,096 sqft
Price/Sqft
$230
Description
Great 3 Bed Duplex Opportunity in Des Moines' East side. One unit is recently vacated. Occupied unit is on month to month at $700, rent comps are $1300. It needs a little work to get there, but it won't take much. All utilities separated and tenants take care of Lawn & Snow. Both units have all 3 bedrooms and bathroom on Upper Level, with the Living Room and Kitchen on the Main Level. Built 1983. CapRate 8.5%12.3% Cash on Cash Return after renovation. Buy before Interest Rates drop and buyer demand floods back into the market. Potential Seller paid Rate Buy-down available. All information obtained from seller and public records.
1419 E 40th St, Des Moines, IA 50317 is a 6 bedroom, 2 bathroom, 1,096 sqft multi-family in Gray's Woods, built in 1983. It last sold for $225,000 on May 7, 2024 (2% below the $230,000 asking price). It is currently off market. The Trulia Estimate is $252,000, with a rent estimate of $1,333/month.
Home Details for 1419 E 40th St
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Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1096 Square Feet |
Heating & Cooling Heating: Forced Air,GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
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Exterior Home Features Roof: Asphalt ShingleFoundation: Block |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 43 |
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Year Built Year Built: 1983 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi Family, Multi FamilyArchitecture: Duplex |
Building Construction Materials: Metal Siding |
Property Information Parcel Number: 06000711104002 |
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Price List Price: $230,000 |
Status Change & Dates Off Market Date: Fri Apr 12 2024 |
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MLS Status: Closed |
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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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Building Area Building Area: 1096 Square Feet |
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Association for this Listing: Des Moines Area Association of REALTORSNo HOA |
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Lot Area: 8537.76 sqft |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Mls Number: 687752Living Area Range Units: Square FeetAttribution Contact: (515) 423-5607Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-19153-N-06000711104002-R-N |
Last check for updates: about 2 hours ago
Listed by Liz Keller, (515) 423-5607
RE/MAX Precision
Chase Keller, (319) 231-1160
RE/MAX Precision
Bought with: Mindy Cochran, (515) 423-3415, Realty ONE Group Impact
Originating MLS: Des Moines Area Association of REALTORS
Source: DMMLS, MLS#687752
Price History for 1419 E 40th St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/07/2024 | $225,000 | Sold | DMMLS #687752 |
| 04/12/2024 | $230,000 | Pending | DMMLS #687752 |
| 04/11/2024 | $230,000 | PendingToActive | DMMLS #687752 |
| 03/08/2024 | $230,000 | Pending | DMMLS #687752 |
| 02/29/2024 | $230,000 | Listed For Sale | DMMLS #687752 |
| 01/19/2024 | ListingRemoved | DMMLS #687752 | |
| 01/16/2024 | $230,000 | Listed For Sale | DMMLS #687752 |
| 04/14/2004 | $124,500 | Sold | N/A |
| 02/27/1997 | $77,000 | Sold | N/A |
Market trends in Des Moines
Last updated June 2026
Avg. sale price
$211K
$5.03KMoM
Sale-to-List Price
99.1%
0.4%MoM
Price per sq ft
$191
$4MoM
Available listings
1009
2MoM
- Results are loading
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $3,770 |
| Assessment | $208,500 |
Home facts updated by county records
Comparable Sales for 1419 E 40th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.77 | Multi-Family Home | $251,000 | 06/16/26 | 4 | 2 | 952 | |
1.29 | Multi-Family Home | $234,500 | 05/11/26 | 4 | 2 | 1,420 | |
1.70 | Multi-Family Home | $256,000 | 06/29/26 | 4 | 2 | 1,504 | |
1.60 | Multi-Family Home | $275,000 | 04/22/26 | 4 | 2 | 1,408 | |
1.86 | Multi-Family Home | $255,000 | 07/30/25 | 4 | 2 | 945 | |
1.66 | Multi-Family Home | $240,000 | 05/29/26 | 4 | 2 | 1,420 | |
1.90 | Multi-Family Home | $285,000 | 09/19/25 | 6 | 4 | 2,041 | |
1.88 | Multi-Family Home | $110,000 | 06/24/26 | 6 | 2 | 3,024 | |
1.89 | Multi-Family Home | $268,000 | 03/23/26 | 5 | 4 | 2,640 | |
1.36 | Multi-Family Home | $215,000 | 03/13/26 | - | 2,224 |
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Assigned Schools
These are the assigned schools for 1419 E 40th St.
- East High School
- 9-12
- Public
- 1893 Students
3/10GreatSchools RatingParent Rating AverageTreats children like they are preparing them for prison.Other Review3y ago - Hoyt Middle School
- 6-8
- Public
- 458 Students
2/10GreatSchools RatingParent Rating AverageWe were warned about sending our kids to this school as we were new to the area. We did attempt to open enroll to another school but being as we moved so late, they were full so I can’t help but feel we got “stuck” with this school.This will be our first and only year at this school. The kids that attend here are terribly behaved. Bullying is an issue, there seems to be no dress code, and there are A LOT of thieves here. My son also got into a fight here (he was defending himself from a kid who was bothering him the entire year) and it was poorly handled by the school. Basically was told to come pick up our child and the lady wasn’t even going to tell me what happened that had led up to the fight. That was annoying. We’re military so we move often and we have never had issues with any school like this or dealt with kids like the ones that go to this school. The kids here have severe behavior issues.Parent Review3mo ago - Stowe Elementary School
- K-5
- Public
- 313 Students
3/10GreatSchools RatingParent Rating AverageWe've moved around so my kids have attended several different schools before selling in at Stowe. We love it. Class sizes seem smaller and everyone- from the front office to the principal- is genuinely interested in the students success. I feel like i could bring any concern i had directly to the faculty and they would be non-judgmental and helpful...(although we've yet to encounter problems!)Parent Review8y ago 
Check out schools near 1419 E 40th St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Gray's Woods
At least 3 Trulia users voted on each feature.
100 % Say yards are well-kept
86 % Say car is needed
86 % Say people would walk alone at night
86 % Say parking is easy
71 % Say they plan to stay for at least 5 years
67 % Say it's dog friendly
60 % Say kids play outside
57 % Say there's wildlife
56 % Say there's holiday spirit
50 % Say there are sidewalks
38 % Say neighbors are friendly
33 % Say streets are well-lit
33 % Say it's quiet
20 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
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