1245 34th St, Des Moines, IA 50311

The historic Phi Delta Theta House on 34th Street in the heart of the Drake Neighborhood. This is a rare opportunity to own a recognizable piece of Des Moines history with outstanding investment potential. Offering over 5,000 finished square feet across three stories plus a basement, the property is currently configured with large, dorm-style bedrooms designed to accommodate multiple beds per room, similar to a group home or fraternity layout.Significant updates have been completed in recent years including mechanical improvements, interior finish upgrades, exterior work, and flatwork. The property is zoned NX2, allowing for multifamily, group living, and even certain single-household uses. This flexible zoning opens the door for a wide range of possibilities: continue the current setup, reconfigure for modern apartments, add additional structures, or pursue an entirely new concept. Bring your vision. Bring your imagination. Opportunities like this do not come to market often.