Des Moines East Homes under $500,000

Des Moines East Homes under $500,000

Welcome to Des Moines East, a vibrant and welcoming neighborhood nestled in the heart of Iowa's capital city, Des Moines. Known for its rich history, diverse culture, and strong sense of community, this area offers a perfect blend of urban convenience and suburban charm. As part of Polk County, Des Moines East boasts a variety of amenities, including local parks, shopping districts, and dining options that cater to every palate.

For those looking to plant roots in this thriving region, you'll be delighted to discover a range of homes available for under $500,000. From charming bungalows to modern townhouses, the real estate market here offers something for everyone. These homes provide an excellent opportunity for first-time buyers, families, or anyone seeking a comfortable living space without breaking the bank.

Des Moines East is characterized by its tree-lined streets and friendly neighborhoods, making it an ideal place for families and young professionals alike. Here, you'll find a strong sense of community, with local events and gatherings that foster connections among residents. The area's proximity to downtown Des Moines ensures that you are never far from the excitement of city life, while still enjoying the peace and tranquility of suburban living.

Whether you’re looking to invest in your first home or seeking a cozy retreat for your family, Des Moines East offers a fantastic selection of properties under $500,000. Come explore this enchanting neighborhood and discover the perfect place to call home!

Newest Des Moines East Homes under $500,000

2904 Maple Street, Des Moines
$149,900
2 Beds ⋅ 1 Baths ⋅ 750506 MLS
Cute, charming, and full of potential! This 2-bedroom bungalow on Des Moines’ east side is a great opportunity for a first-time buyer, young family, or anyone looking for a home they can truly make it their own. You’ll love the convenient location just minutes from downtown Des Moines and close to the Iowa State Fairgrounds, giving you easy access to restaurants, shopping, entertainment, and all the amenities the City has to offer. The inside has a cozy feel, classic bungalow character, and plenty of opportunity to add your own style. Outside, the spacious detached 2-car garage is a huge bonus—perfect for vehicles, extra storage, hobbies, or a workshop. With charm, a great location, and the opportunity for State Fair parking, this home has all the ingredients to become something special. Come take a look and imagine the possibilities!

2904 Maple Street, Des Moines
2916 Capitol Avenue, Des Moines
$155,000
4 Beds ⋅ 1 Baths ⋅ 750483 MLS
Great opportunity for a first-time homebuyer or investor! This well-maintained, move-in-ready home features a spacious eat-in kitchen, convenient first-floor laundry, an enclosed porch, and alley access. Investors have two potential income opportunities with monthly rental income plus State Fair parking revenue. Located just moments from the Iowa State Fair entrance and within walking distance of schools, this property offers a unique opportunity in a convenient Des Moines location.

2916 Capitol Avenue, Des Moines
2523 Lyon Street, Des Moines
$160,000
3 Beds ⋅ 1 Baths ⋅ 750417 MLS
Move-in ready, beautifully updated, and full of charm—this 3-bedroom home is one you'll want to see! Step inside to a bright and inviting interior featuring updated flooring, neutral finishes, and a comfortable layout that makes great use of the space. The living and dining areas flow together nicely, while the kitchen features white cabinetry, updated countertops, and plenty of room for everyday living. Three bedrooms and an updated full bath complete the main living space, while the full basement provides plenty of additional storage and possibilities. Enjoy your morning coffee from the enclosed front porch or head out back to the deck for grilling, relaxing, and entertaining. Conveniently located near schools, restaurants, the Iowa State Fairgrounds, Sleepy Hollow Sports Park, and other east-side amenities. Whether you're searching for your first home, ready to downsize, or simply want an updated home that's ready to enjoy, this one checks a lot of boxes. Schedule your showing today!

2523 Lyon Street, Des Moines
2805 Des Moines Street, Des Moines
$150,000
2 Beds ⋅ 1 Baths ⋅ 750430 MLS
Looking for an investment property with two potential revenue opportunities? Just blocks from the Iowa State Fairgrounds, this 2-bedroom, 1-bath home offers the flexibility to live in it yourself or use it as a rental, plus a large asphalt driveway and yard with potential for additional parking income during the Iowa State Fair. This home features new windows, fresh interior paint, a new kitchen countertop, and new siding in the enclosed front porch. With plenty of off-street parking and a convenient location near the Fairgrounds, this could be a great starter home or addition to your investment portfolio. Property is being sold as-is.

2805 Des Moines Street, Des Moines
4125 Knob Hill Drive, Des Moines
$99,900
4 Beds ⋅ 2 Baths ⋅ 750360 MLS
Attention Investors: This ranch is the fixer-upper you?ve been waiting for. This property is a handyman special priced as a bargain for those ready to build equity. Being sold as-is, this home is a prime candidate for a rehab or flip. Whether you are looking for a full renovation project or a high-potential investment, the property provides a solid foundation for your vision. The seller is motivated and must sell, making this an ideal TLC project. Contract terms considered with 20% down payment. Property is on nuisance list and will have to be renovated to City standards.

4125 Knob Hill Drive, Des Moines
1644 E Grand Avenue, Des Moines
$85,000
2 Beds ⋅ 1 Baths ⋅ 750312 MLS
Investors, here’s an opportunity worth taking a look at, and bonus it has a new roof! This property offers excellent potential for an income-producing investment, whether you’re looking to expand your portfolio, generate rental income, or take on a property with room to add value. The layout provides flexibility for a variety of investment strategies, while the location offers convenient access to area amenities, shopping, dining, and major roadways. With the right vision, this property could be a great addition to your investment portfolio. Schedule your showing today and explore the possibilities!

1644 E Grand Avenue, Des Moines
206 E 16th Street, Des Moines
$139,900
4 Beds ⋅ 2 Baths ⋅ 750219 MLS
Opportunity awaits at 206 E 16th St in Des Moines! Built in 1907, this solid 1½-story home offers plenty of character, a functional layout, and the opportunity to add your own updates and finishing touches. The main level features two bedrooms and a ¾ bathroom, while the upper level provides two additional bedrooms and a full bathroom?giving you four bedrooms and flexible space for a home office, guest room, or growing household. Outside, the 2-car detached garage provides valuable off-street parking, storage, or workshop space. With its solid structure and classic early-1900s construction, this home has a great foundation to work from while still leaving room for improvements and personalization. Whether you're looking for a home you can update over time or a property with renovation potential, 206 E 16th St is ready for its next chapter.

206 E 16th Street, Des Moines
1923 Capitol Avenue, Des Moines
$160,000
2 Beds ⋅ 1 Baths ⋅ 750166 MLS
Looking for a home with room to make it your own? This 2-bedroom, 1-bath home offers plenty of natural light, first-floor laundry, and an additional room ready for a home office, reading nook, playroom, or other flexible use. Enjoy a convenient location near the Iowa State Fairgrounds, neighborhood restaurants and shops, and the local businesses of the East Village. Nearby routes make it easy to reach downtown and head west across the metro.

1923 Capitol Avenue, Des Moines
2905 E Walnut Street, Des Moines
$199,900
3 Beds ⋅ 1 Baths ⋅ 749836 MLS
Move right into this beautifully remodeled 2-bedroom, 1-bath home near the Iowa State Fairgrounds! Offering over 1,250 square feet of living space, this home features fresh updates throughout, a spacious floor plan, central air and a detached 2-car garage. Enjoy a generous backyard and a convenient east-side location close to shopping, dining, downtown Des Moines and major roadways. This updated home is ready for its new owner?schedule your showing today!

2905 E Walnut Street, Des Moines
3250 Kinsey Avenue, Des Moines
$120,000
2 Beds ⋅ 1 Baths ⋅ 750121 MLS
Welcome to this completely charming, move-in-ready starter home in the heart of Des Moines! The main floor has been beautifully updated, offering a fresh, modern feel the moment you walk through the front door. With crisp finishes and an inviting layout, the living space is a blank canvas ready for you to unpack and make your own. Location is everything, and this home delivers. Centrally situated, you have incredibly easy access to anywhere you need to go in the metro area streamlining your daily commute and putting local shops, dining, and downtown amenities right at your fingertips. A convenient 1-car garage provides secure parking and essential extra storage. This is the ideal opportunity to stop renting and own a centrally located gem.

3250 Kinsey Avenue, Des Moines
4703 Wisconsin Avenue, Des Moines
$359,900
4 Beds ⋅ 4 Baths ⋅ 749953 MLS
Welcome home to 4703 Wisconsin Ave in the neighborhood of the Woods of Copper Creek! Built in 2019 and situated on an awesome fenced-in corner lot, this spacious home offers plenty of room to spread out both inside and out. The main level features an open-concept layout with a large kitchen, stainless steel appliances, and plenty of space for entertaining. Upstairs you'll find three spacious bedrooms, convenient second-floor laundry, and a beautifully remodeled hall bathroom featuring a tiled tub/shower. The primary suite offers tray ceilings, a walk-in closet, and private ensuite with dual vanity. Head downstairs to the finished lower level, where daylight windows create a bright and versatile space perfect for a 4th bedroom, guest space, game room, or second living area. You'll also find an additional bathroom with shower in the lower level. Outside, enjoy the fully fenced backyard, corner lot, and newly added third parking stall for extra off-street parking. Located in the Southeast Polk School District, this move-in ready home combines newer construction, flexible living space, 4 bathrooms, and a fantastic lot—all within the Des Moines metro!

4703 Wisconsin Avenue, Des Moines
2814 E Walnut Street, Des Moines
$125,000
4 Beds ⋅ 2 Baths ⋅ 749943 MLS
Built in 1910, this 4-bedroom two-story charmer is ready for its next chapter. With original details like beautiful working parlor doors in the entryway, a wood staircase, and a brick sidewalk in front, it still holds that classic 1910 charm - while offering a rare opportunity to build serious sweat equity. Priced at $125,000, well below its $168,000 assessed value, this home isn't for the faint of heart. It needs updates from top to bottom, but for the right buyer with tradesman skills, it's a chance to create something special and walk away with instant equity. Three bedrooms upstairs, plus a non-conforming fourth in the basement, and plenty of room to make it your own. Two-car detached garage behind the home with alley access provides plenty of additional parking (and state fair parking income). This one's for the visionary - the DIYer, the renovator, the one who sees potential where others see work. If you're ready to roll up your sleeves and bring this piece of Des Moines history back to life, this could be your perfect project. This home is being sold AS IS. Cash, conventional loans, and Neighborhood Finance Corporation renovation and repair funds are available for qualified buyers.

2814 E Walnut Street, Des Moines
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