Now is your opportunity to own a truly unique historic property with strong cash flow potential. Once serving as a fire station and believed to have housed the Southside Library, this mixed-use building offers both character and income—ideal for an owner-occupant or investor.
The ground-level commercial space features excellent storefront visibility along a high-traffic corridor with over 17,000 vehicles per day. The layout allows for one larger business or two separate commercial spaces. Current tenants include a thrift shop and a bail bondsman.
Upstairs, you’ll find two spacious 2-bedroom, 1-bath apartments, each offering large living rooms and open kitchens. Stove and refrigerator are included in both units.
Recent updates provide peace of mind, including a new roof (2019) and three new furnaces and three new central air units installed in 2025 by Dorian Heating & Cooling. The property features separate gas and electric meters, private tenant parking, a current rental certificate, and is fully leased.
Additional upside may be available through future improvement grants from Friends of SW 9th or NFC.
Call today to schedule your private showing.
For sale
$225,000
3516 SW 9th St, Des Moines, IA 50315
4beds
3,550sqft
Est.:
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$63/sqft
$-- HOA
What's special
Open kitchensPrivate tenant parking
- 91 days |
- 567 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: March 27, 2026 at 10:22am
Listed by:
Ryan Rivera (515)554-5870,
Zealty Home Advisors
Source: DMMLS,MLS#: 732544
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Refrigerator, Stove
Features
- See Remarks
- Flooring: Laminate
- Basement: Unfinished
Interior area
- Total structure area: 3,550
- Total interior livable area: 3,550 sqft
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,490.44 Square Feet
- Dimensions: 50 x 130
- Features: Rectangular Lot
Details
- Parcel number: 01005885000000
- Zoning: RX1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family
Materials
- Brick, Stone, Stucco
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- Year built: 1910
Details
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
Community
- Features: Storage Facilities, See Remarks
- Security: Smoke Detector(s)
HOA
- Has HOA: No
- Services included: Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Taxes, Trash
- HOA name: Renter Warehouse
Location
- Region: Des Moines
Financial & listing details
- Price per square foot: $63/sqft
- Tax assessed value: $144,100
- Annual tax amount: $3,186
- Date on market: 1/8/2026
- Cumulative days on market: 91 days
- Listing terms: Cash,Conventional,See Remarks
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/8/2026 | Listed for sale | $225,000+109.3%$63/sqft |
Source:  DMMLS #732544 Report a problem | ||
| 6/7/2019 | Sold | $107,500-10.3%$30/sqft |
Source: DMMLS #579560 Report a problem | ||
| 4/17/2019 | Pending sale | $119,900$34/sqft |
Source: RE/MAX Concepts #579560 Report a problem | ||
| 4/9/2019 | Listed for sale | $119,900+81.7%$34/sqft |
Source: RE/MAX Concepts #579560 Report a problem | ||
| 11/9/2015 | Sold | $66,000-12%$19/sqft |
Source: DMMLS #453092 Report a problem | ||
| 7/24/2015 | Price change | $75,000-16.7%$21/sqft |
Source: Keller Williams - Ankeny Metro #453092 Report a problem | ||
| 4/25/2015 | Listed for sale | $90,000$25/sqft |
Source: Keller Williams Ankeny Metro #453092 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,986 +1% | $144,100 |
| 2023 | $2,956 -5.9% | $144,100 +20.9% |
| 2022 | $3,142 +3.2% | $119,200 +66.7% |
| 2021 | $3,046 -31.6% | $71,500 +3% |
| 2020 | $4,454 +8.6% | $69,400 |
| 2019 | $4,100 -2.7% | $69,400 +6.8% |
| 2018 | $4,212 | $65,000 |
| 2017 | $4,212 +11.9% | $65,000 +8.4% |
| 2016 | $3,764 | $59,970 |
| 2015 | $3,764 | $59,970 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,465/mo
Principal & interest
$1182
Property taxes
$283
More affordability tools
Climate risks
Neighborhood: Gray's Lake
Nearby schools
GreatSchools rating
- 2/10Park Ave Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Brody Middle SchoolGrades: 6-8Distance: 1.4 mi
- 1/10Lincoln High SchoolGrades: 9-12Distance: 0.7 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 50315
- Iowa
- Polk County
- Des Moines
- 50315
- Gray's Lake
- 3516 SW 9th St
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