Opportunity awaits at this 2-bedroom, 1-bath home located at 2048 E Walnut Street. Whether you're looking for your next flip project or a solid addition to your rental portfolio, this property offers the perfect canvas to bring your vision to life.
Inside, you'll find a functional layout with great flow and plenty of potential to enhance and customize. Major updates have already been taken care of, including updated plumbing and electrical, giving you a strong head start on renovations. The detached garage adds extra storage or workspace, while the lot provides additional possibilities for outdoor improvements.
Conveniently located just minutes from Downtown Des Moines, this home offers easy access to shopping, dining, and major roadways—making it an attractive option for future tenants or buyers.
With solid bones, key system updates, and a prime location, this is an excellent investment opportunity you won’t want to miss. This is an assignment of contract (wholesale deal). Seller does not hold title
For sale
$135,000
2048 E Walnut St, Des Moines, IA 50317
2beds
891sqft
Est.:
Single Family Residence
Built in 1915
5,880.6 Square Feet Lot
$131,400 Zestimate®
$152/sqft
$-- HOA
What's special
Updated plumbing and electrical
- 15 days |
- 595 |
- 39 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 26, 2026 at 10:26am
Listed by:
Jeffrey Hagel 855-695-5603,
Jeff Hagel Real Estate
Source: DMMLS,MLS#: 737059
Originating MLS: Des Moines Area Association of REALTORS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Heating
- Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Stove
Features
- Basement: Unfinished
Interior area
- Total structure area: 891
- Total interior livable area: 891 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Garage, One Car Garage
- Garage spaces: 1
Features
- Stories: 1
Lot
- Size: 5,880.6 Square Feet
- Dimensions: 40 x 147
Details
- Parcel number: 04006323000000
- Zoning: r1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Metal Siding, Vinyl Siding
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $123,400
- Annual tax amount: $2,428
- Date on market: 3/26/2026
- Listing terms: Cash,Conventional
Estimated market value
$131,400
$125,000 - $138,000
$1,279/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Listed for sale | $135,000+8.1%$152/sqft |
Source: | ||
| 7/8/2019 | Listing removed | $124,900$140/sqft |
Source: Berkshire Hathaway HomeServices First Realty #583179 Report a problem | ||
| 5/23/2019 | Listed for sale | $124,900+10.5%$140/sqft |
Source: Berkshire Hathaway HomeServices First Realty #583179 Report a problem | ||
| 8/8/2017 | Sold | $113,000-1.7%$127/sqft |
Source: | ||
| 7/3/2017 | Pending sale | $114,900$129/sqft |
Source: Greater Des Moines #542714 Report a problem | ||
| 6/27/2017 | Listed for sale | $114,900+170.4%$129/sqft |
Source: Keller Williams Realty GDM #542714 Report a problem | ||
| 4/20/2017 | Sold | $42,500-5.6%$48/sqft |
Source: | ||
| 3/15/2017 | Listed for sale | $45,000$51/sqft |
Source: Iowa Realty Co., Inc. #535227 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,428 +4.9% | $123,400 |
| 2023 | $2,314 +0.8% | $123,400 +25.7% |
| 2022 | $2,296 +6.5% | $98,200 |
| 2021 | $2,156 -3.8% | $98,200 +13.7% |
| 2020 | $2,240 +19.8% | $86,400 |
| 2019 | $1,870 +1% | $86,400 +24.1% |
| 2018 | $1,852 | $69,600 |
| 2017 | $1,852 +99.1% | $69,600 +6.7% |
| 2016 | $930 | $65,200 |
| 2015 | $930 +3.6% | $65,200 -0.9% |
| 2014 | $898 | $65,800 |
| 2013 | -- | $65,800 -12.3% |
| 2012 | -- | $75,000 |
| 2011 | -- | $75,000 -1.2% |
| 2010 | -- | $75,900 |
| 2009 | -- | $75,900 +1.1% |
| 2008 | -- | $75,100 |
| 2007 | -- | $75,100 +24.3% |
| 2006 | -- | $60,400 |
| 2005 | -- | $60,400 +16.8% |
| 2003 | -- | $51,710 -4.5% |
| 2002 | -- | $54,150 |
| 2001 | -- | $54,150 |
Find assessor info on the county website
Monthly payment
Est. payment
$857/mo
Principal & interest
$687
Property taxes
$170
More affordability tools
Climate risks
Neighborhood: Fairground
Nearby schools
GreatSchools rating
- 4/10Capitol View Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 1/10Hiatt Middle SchoolGrades: 6-8Distance: 1.1 mi
- 2/10East High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- District: Des Moines Independent
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 50317
- Iowa
- Polk County
- Des Moines
- 50317
- Fairground
- 2048 E Walnut St




