Own an investment South of Grand near the Governor’s mansion. Perfect owner occupant potential with a low down payment. Each unit has 2 bedrooms, 1 bathroom and private basement areas. Beautiful hardwood floors in each unit. Sewer was replaced in 2014. New furnace in side 2617. Original wood windows restored and new storm windows installed in both units. Current seller added dishwashers in both units and some of the appliances are new in the last year.
Multi-familyProperty Type
1951Year Built
6,875 sq ftLot Size
$174Est. Price/Sq.Ft.
Listed by Rochelle Burnett• Keller Williams Realty GDM
Bought with Gabby Fisher• Keller Williams Realty GDM
Bought with Rochelle Burnett• Keller Williams Realty GDM
This duplex south of grand is waiting for its new owner. Property has been well maintained and features a 2 bedroom unit and a 3 bedroom unit with great rental history and current rental certificates. Combine all this with the low expenses and excellent location makes this property one to look at. Both units are ranch set-ups with hardwood floors throughout the main level. Call agent today for your private showing.
DMMLS #427032
Nov 1, 2013
Listing Removed
—
Oct 31, 2013
Listed
$154,900
$95/sq ft
DMMLS #417984
Aug 16, 2013
Listing Removed
—
May 15, 2013
Listed
$149,900
$92/sq ft
DMMLS #318154
May 27, 2008
Sold
$128,000
$78/sq ft
Oct 30, 2007
Listed
$135,000
$83/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,152 (+2.1%)
$59,600 + $213,100
$272,700
2024
$5,048 (+1.6%)
$55,200 + $201,400
$256,600
2023
$4,968 (+7.9%)
$55,200 + $201,400
$256,600
2022
$4,606 (+5.8%)
$47,500 + $163,300
$210,800
2021
$4,354 (+1.4%)
$47,500 + $149,400
$196,900
2020
$4,296 (+5.6%)
$47,500 + $149,400
$196,900
2019
$4,070 (+1.1%)
$41,800 + $132,700
$174,500
2018
$4,024 (−0.3%)
$41,800 + $132,700
$174,500
2017
$4,038 (+13.9%)
$37,000 + $123,000
$160,000
2016
$3,544 (−0.6%)
$35,800 + $122,000
$157,800
2013
$3,564
$31,900 + $110,200
$142,100
Tax history for 2615 Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2025
$5,152 (+2.1%)
$59,600 + $213,100
$272,700
2024
$5,048 (+1.6%)
$55,200 + $201,400
$256,600
2023
$4,968 (+7.9%)
$55,200 + $201,400
$256,600
2022
$4,606 (+5.8%)
$47,500 + $163,300
$210,800
2021
$4,354 (+1.4%)
$47,500 + $149,400
$196,900
2020
$4,296 (+5.6%)
$47,500 + $149,400
$196,900
2019
$4,070 (+1.1%)
$41,800 + $132,700
$174,500
2018
$4,024 (−0.3%)
$41,800 + $132,700
$174,500
2017
$4,038 (+13.9%)
$37,000 + $123,000
$160,000
2016
$3,544 (−0.6%)
$35,800 + $122,000
$157,800
2013
$3,564
$31,900 + $110,200
$142,100
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
2
Stories
1
Lot width
55 ft.
Lot depth
125 ft.
Lot size
6,875 Sq. Ft.
Year renovated
—
Sq. Ft.
1,636
Year built
1951
Style
Multi-Family (2-4 Unit)
County
Polk County
APN
02001997000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
N1B
Neighborhood District
N1b is intended for larger lots for mostly single-household residential houses within a more traditional neighborhood setting pursuant to House A building type in section 135-2.13 of this code.
Permitted uses
Include but are not limited to:
Housing-Single unit
Infrastructure
Sep 5, 2023 • Final
Row - excavation or obstruction
Plumbing
Aug 4, 2023 • Final
Plumbing (residential) - other
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Full Bathrooms: 1
Room Information
Has Basement
Basement Information: Finished, Unfinished
Multi Unit Information
# Of Units Total: 2
Multi Unit Financial Information
Gross Income: $1,790
Exterior
Lot Information
Lot Size Area: 0.158
Lot Size Acres: 0.158
Lot Size Dimensions: 55X125
Zoning: R1-80
Property Information
Below Grade Finished Area: 192
Foundation Details: Block
Financial
Tax Information
Annual Tax Amount: $4,256
Tax Year: 2018
Rental Information
Tenant Pays: Electricity, Gas, Insurance, Water
Utilities
Utility Information
Utilities: Electricity Available, Natural Gas Available, Water Available
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air, Gas
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,636
Stories: 1.0
Lot Size: 6,875 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1951
Year Renovated: —
County: Polk County
APN: 02001997000000
Home facts updated by county records on Jul 10, 2026
Around this home
Schools
Greenwood Elementary School
Public PreK-5 • Assigned • 0.8mi
7/10
Callanan Middle School
Public 6-8 • Assigned • 0.7mi
2/10
Roosevelt High School
Public 9-12 • Assigned • 1.7mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Des Moines, IA • 50312
Average low and high temperatures (°F)
31
15
40
21
59
36
65
46
75
53
84
65
87
69
83
66
82
60
71
50
51
34
38
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 4.1 hours in December, which is comparable to the
U.S. average for solar exposure.
10.3 hrs
4.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$272,000 – $329,000
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