2936 E Walnut St, Des Moines, IA 50317
SOLD
MAR 13, 2026

2936 E Walnut St
Des Moines, IA 50317

Fairground
  • Studio
  • 2,224 sqft (on 0.27 acres)

$215,000

Last Sold: Mar 13, 2026
4% below list $225K
$97/sqft

$215,000

Last Sold: Mar 13, 2026
4% below list $225K
$97/sqft
Studio
2,224 sqft
(on 0.27 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Here's a great opportunity to own a 5-unit property just steps from the Iowa State Fairgrounds — a setup that doesn't come along often. You'll find a 4-plex plus a detached single-family home on one lot, giving you multiple income streams and plenty of flexibility.

The property currently brings in $3,750/month in rent (units at $650, $650, $650, $850, and $950). The two upstairs units are long-term tenants, while the others offer room for rent increases or improvements over time. The landlord currently pays all utilities, providing a value-add opportunity for a new owner to transition to tenant-paid utilities and boost cash flow. There's also tons of off-street parking, including extra income during the State Fair when parking demand goes up.

If you've been looking for an affordable multifamily property with strong numbers and even stronger potential, this is it.
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. This description is from March 13, 2026

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$97/sqft
Listed
100 days ago

Home Details for 2936 E Walnut St

Interior Features

Interior Details
Basement: Partial
Dimensions and Layout
Living Area: 2224 Square Feet
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Forced Air

Exterior Features

Exterior Home Features
Foundation: Brick/Mortar
Parking & Garage
No Garage
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1870
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Six Plex, Multi Family
Building
Construction Materials: Other
Property Information
Parcel Number: 05000800001000

Price & Status

Price
List Price: $225,000Price Per Sqft: $97/sqft

Active Status

MLS Status: Closed

Location

Direction & Address
City: Des Moines
School Information
High School District: Des Moines

Building

Building Area
Building Area: 2224 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.27 acres

Miscellaneous

BasementMls Number: 68865
Last check for updates: about 5 hours ago
Listed by Quartz Team Realty, (515) 451-0347
RE/MAX REAL ESTATE CENTER
Jake Escher, (515) 298-2900
RE/MAX REAL ESTATE CENTER
Bought with: NON- MEMBER, (515) 296-4680, CENTRAL IOWA BOARD OF REALTORS
Source: CIBR, MLS#68865

Price History for 2936 E Walnut St

DatePriceEventSource
03/13/2026$215,000Sold
CIBR #68865
12/31/2025$225,000PendingDMMLS #729659
11/04/2025$225,000Listed For SaleDMMLS #729659
08/27/2024$215,000Sold
DMMLS #699308
07/28/2024$210,000PendingDMMLS #699308
07/17/2024$210,000Listed For SaleDMMLS #699308
08/10/2001$95,000Sold
N/A

Market trends in Des Moines

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$206K
$5.33KMoM
Sale-to-List Price
98.6%
0.4%MoM
Price per sq ft
$187
$3MoM
Available listings
1004
12MoM
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Property Tax and Assessment

Year2025
Tax$5,662
Assessment$305,000
Home facts updated by county records

Homeowner tools

Estimated monthly rent$1,169/mo
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Homes for rent near 2936 E Walnut St

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Comparable Sales for 2936 E Walnut St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1613 Des Moines St, Des Moines, IA
1.69
Multi-Family Home
$225,000
02/09/26
-
1,408
1505/1507 E Court Ave, Des Moines, IA
1.82
Multi-Family Home
$189,000
08/29/25
-
1,683
4510 Concord Dr, Pleasant Hill, IA
1.87
Multi-Family Home
$300,000
03/27/26
-
1,479

Nearby homes

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Assigned Schools

These are the assigned schools for 2936 E Walnut St.
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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Fairground
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Fairground

At least 35 Trulia users voted on each feature.

  • 94 % Say yards are well-kept

  • 91 % Say there are sidewalks

  • 82 % Say parking is easy

  • 79 % Say car is needed

  • 77 % Say it's dog friendly

  • 74 % Say kids play outside

  • 65 % Say it's walkable to restaurants

  • 62 % Say neighbors are friendly

  • 59 % Say people would walk alone at night

  • 50 % Say there's holiday spirit

  • 49 % Say it's walkable to grocery stores

  • 46 % Say there's wildlife

  • 38 % Say streets are well-lit

  • 37 % Say they plan to stay for at least 5 years

  • 34 % Say it's quiet

  • 34 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Bailee Huddleson
    "I have had multiple encounters with my neighbors. They remain friendly and keep to themselves. Every once in awhile you will someone walking around that looks a little sus but I’ve had a good experience for the most part. "
    1
    Flag
  • Trulia User
    "that the area is safe for their kids to live in and that it people and that their kids don't have too much to worry about in their neighborhood around their home or at school "
    0
    Flag
  • Sue C.
    "We are friendly with several of our neighbors, we have BBQ'S or have snacks with a few of them. They look out for our place, as we look out for theirs. We definitely watch the "druggies" that come and go from one house across the alley from us."
    2
    Flag
  • Sue C.
    "I've lived here for almost 3 years with a friend. It's a crowded house, but we all love this neighborhood. There was only a few incidents that had me concerned, but they seem to have been isolated. Neighbors tend to look out for each other here, like the old days."
    9
    Flag
  • Susan C.
    "It's a nice quiet neighborhood with lots of dogs all around. Some outside in fenced yards, and some inside. Some being walked around by their owners. There are sidewalks to walk on."
    1
    Flag
  • Leavinalegacy
    "Iowa State Fairgrounds is close by, which also houses events year round, such as flea markets, car shows, etc. "
    0
    Flag
  • Mercedesericasix
    "Dogs in the neighborhood more than most. It is probably the oldest area in Des Moines so the houses aren't brand new but many have been updated and look beautiful"
    0
    Flag
  • Julie S.
    "The commute is easy especially if you work downtown. There is great access to I-235 and I-80. West Des Moines and Clive area 15 minutes."
    0
    Flag
  • Susan C.
    "I've been living here for over a year (with a friend), and have enjoyed it here. We are close to the stores and restaurants, and the Iowa State Fairgrounds. It's nice sitting out on the deck at night, other than the cars speeding down the street. "
    9
    Flag
  • Susan C.
    "I've lived in this neighborhood, at my friend's house, for over a year, now. It is a very nice, kind, friendly neighborhood. "
    5
    Flag
  • Susan C.
    "I have lived here, thanks to our friend for taking us in, for just about a year. It seems to be very friendly, and close to stores and restaurants. And is also close to the Iowa State Fairgrounds. "
    2
    Flag
  • Susan C.
    "I've live here with our friend for about a year. It is a friendly neighborhood. It is very close to a lot of things, including the Iowa State Fairgrounds. "
    1
    Flag

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Homes for sale near 2936 E Walnut St

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Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but not accurate.
2936 E Walnut St, Des Moines, IA 50317 is a studio, 2,224 sqft multi-family built in 1870. 2936 E Walnut St is located in Fairground, Des Moines. This property is not currently available for sale. 2936 E Walnut St was last sold on Mar 13, 2026 for $215,000 (4% lower than the asking price of $225,000). The current Trulia Estimate for 2936 E Walnut St is $214,500.