$217,100
- Studio
- 2,224 sqft (on 0.27 acres)
2936 E Walnut St, Des Moines, IA 50317
Est. Refi. Payment $1,515/mo*
Refinance Your HomeCurrently Off Market - Sold Mar 13, 2026 for $215,000 (4% below list price)
Home Value
Trulia Estimate
$217KSince last month
Increased$2K (+1%)Since last year
Increased$2K (+0.7%)Since last sale
Increased$2K (+1%)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 +52% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $217K |
| August 2026 | $215K |
| July 2026 | $216K |
| June 2026 | $214K |
| May 2026 | $216K |
| April 2026 | $216K |
| March 2026 | $215K |
| February 2026 | $217K |
| January 2026 | $216K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
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 |
|---|---|---|---|---|---|---|---|
1.69 | Multi-Family Home | $225,000 | 02/09/26 | - | 1,408 | ||
1.87 | Multi-Family Home | $300,000 | 03/27/26 | - | 1,479 |
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 |
|---|---|---|---|---|---|---|
0.08 | $209,400 | 5 | 4 | 2,124 | Off Market | |
0.86 | $209,400 | Studio | 3 | 1,712 | Off Market | |
2.12 | - | Studio | - | - | Off Market | |
1.42 | $152,900 | 4 | 3 | 1,688 | Off Market | |
1.60 | - | Studio | 3 | - | Off Market | |
0.98 | $171,200 | Studio | 3 | 1,827 | Off Market | |
0.16 | $147,800 | Studio | 3 | 1,636 | Off Market | |
1.08 | $226,200 | Studio | - | - | Off Market | |
0.51 | $113,300 | Studio | - | - | Off Market | |
0.44 | $109,500 | Studio | - | 1,020 | Off Market | |
0.75 | $171,700 | Studio | 3 | 1,619 | Off Market | |
0.58 | - | Studio | 3 | - | Off Market |
Local Information
-- mins to
Home Highlights
Multi-Family
Built in 1870
0.27 acre lot
2,224 sqft
$97/sqft
About this House
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.
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.
2936 E Walnut St, Des Moines, IA 50317 is a studio, 2,224 sqft multi-family in Fairground, built in 1870. It last sold for $215,000 on Mar 13, 2026 (4% below the $225,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $217,100, with a rent estimate of $1,006/month.
Last check for updates: about 1 hour 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

Home Details for 2936 E Walnut St
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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 |
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Exterior Home Features Foundation: Brick/Mortar |
Parking & Garage No Garage |
Water & Sewer Sewer: Public Sewer |
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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 |
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Price List Price: $225,000Price Per Sqft: $97/sqft |
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MLS Status: Closed |
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Direction & Address City: Des Moines |
School Information High School District: Des Moines |
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Building Area Building Area: 2224 Square Feet |
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No HOA |
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Lot Area: 0.27 acres |
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BasementMls Number: 68865 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Mar 13, 2026 Source: CIBR #68865 | Sold | $215,000 |
Dec 31, 2025 Source: DMMLS #729659 | Pending | $225,000 |
Nov 4, 2025 Source: DMMLS #729659 | Listed For Sale | $225,000 |
Aug 27, 2024 Source: DMMLS #699308 | Sold | $215,000 |
Jul 28, 2024 Source: DMMLS #699308 | Pending | $210,000 |
Jul 17, 2024 Source: DMMLS #699308 | Listed For Sale | $210,000 |
Aug 10, 2001 Source: N/A | Sold | $95,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $5,662 | $305,000 |
Home facts updated by county records
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
Around this home
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

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.
Frequently asked questions about 2936 E Walnut St
- What is 2936 E Walnut St estimated to be worth?Trulia's estimated value for 2936 E Walnut St in Des Moines, IA is $217,100.
- What is the price history for 2936 E Walnut St?2936 E Walnut St in Des Moines, IA last sold for $215,000 in March 2026.
- Is Des Moines a buyer's or seller's market?Des Moines is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Des Moines?The median sale price in Des Moines is $214K. That is roughly unchanged from the prior month.
- Does 2936 E Walnut St have air conditioning?Yes, 2936 E Walnut St in Des Moines, IA has air conditioning.

