1431 E 40th St
Des Moines, IA 50317
Gray's Woods
Studio
2 Baths
1,056 sqft
$226,900
as of Jun 6, 2026
$226,900
as of Jun 6, 2026
Studio
2 Baths
1,056 sqft
Local Information
© Google
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Description
This is a hard to find duplex with 3 bedrooms on each side. Built in 1992 and conveniently located just a few blocks north of University, it has a good rental history. The owners just rented the same unit next door for $895/month and other rents could be increased. Up/Down split with the bedrooms on the top level and kitchen, dining area and living room down. New efficient gas furnaces in 2013, newer water heaters, new roof in 2013 and one new AC unit in 2015. Low maintenance vinyl siding. Separate water, gas and electric meters, separate driveways and a large storage shed. Stoves and refrigerators stay with the property. This duplex can be purchased separately or with same duplex next door at 1437 & 1439.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 1431 E 40th St
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Interior Details BasementNumber of Rooms: 10 |
Heating & Cooling Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air |
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Exterior Home Features Roof: AsphaltDeckExterior: OtherFoundation Type: Concrete |
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Year Built Year Built: 1992 |
Property Type / Style Property Type: Multi FamilyArchitecture: split entry |
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Units in Building: 2 |
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Lot Area: 8537 sqft |
Price History for 1431 E 40th St
| Date | Price | Event | Source |
|---|---|---|---|
| 11/01/2016 | $155,000 | Sold | DMMLS #524479 |
| 09/10/2016 | $159,900 | Pending | Agent Provided |
| 08/29/2016 | $159,900 | Listed For Sale | Agent Provided |
| 01/07/2008 | $135,000 | Sold | DMMLS #311328 |
| 11/24/2007 | $139,900 | Listed For Sale | Agent Provided |
Market trends in Des Moines
Last updated April 2026
Avg. sale price
$201K $500MoM
Sale-to-List Price
98.2% 0.1%MoM
Price per sq ft
$184 $3MoM
Available listings
990 22MoM
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $4,176 |
| Assessment | $231,300 |
Home facts updated by county records
Comparable Sales for 1431 E 40th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.37 | Multi-Family Home | $215,000 | 03/13/26 | - | 2,224 | ||
1.51 | Multi-Family Home | $300,000 | 03/27/26 | - | 1,479 | ||
1.87 | Multi-Family Home | $268,000 | 04/02/26 | 4 | 2,640 |
Nearby homes
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Assigned Schools
These are the assigned schools for 1431 E 40th St.
- East High School
- 9-12
- Public
- 2040 Students
2/10GreatSchools RatingParent Rating AverageTreats children like they are preparing them for prison.Other Review2y ago - Hoyt Middle School
- 6-8
- Public
- 486 Students
1/10GreatSchools 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 Review2mo 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 1431 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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
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1431 E 40th St, Des Moines, IA 50317 is a studio, 2 bathroom, 1,056 sqft multi-family built in 1992. 1431 E 40th St is located in Gray's Woods, Des Moines. This property is not currently available for sale. 1431 E 40th St was last sold on Nov 1, 2016 for $155,000. The current Trulia Estimate for 1431 E 40th St is $226,900.