4-Bedroom Des Moines Fixer With 2-Car Garage Listed for $125,000
A century-old home in Des Moines, Iowa, has hit the market for $125,000, offering more than 1,100 square feet, a detached two-car garage and plenty of renovation potential.
Located at 2814 E Walnut Street, the two-story residence was built in 1910 and provides approximately 1,162 square feet of finished living space.
The property sits on a roughly 7,361-square-foot lot measuring approximately 50 by 147 feet.
Current listing records show four bedrooms and two bathrooms, although one important detail deserves clarification: three traditional bedrooms are located upstairs, while the fourth is a non-conforming bedroom in the basement.
The bathrooms consist of one full bath and one three-quarter bath.
At the current asking price, the property works out to roughly $108 per square foot.
The listing makes it clear that this is a project rather than a completely updated move-in-ready home.
According to the seller, the house needs improvements from top to bottom and is being sold as-is.
For a buyer with renovation experience, however, the asking price may be especially interesting because the property’s 2025 tax assessment is $168,700—more than $43,000 above the current list price.
Inside, several original features from the home’s early-1900s construction remain.
Working parlor doors greet visitors near the entry, while a traditional wood staircase adds character to the interior.
Hardwood flooring can also be found throughout portions of the home.
The layout includes a dining area, while appliances currently included with the sale are a refrigerator, stove, dishwasher, washer and dryer.
Natural-gas forced-air heating and central air conditioning provide year-round climate control.
The basement offers additional space beyond the primary living area.
Although the fourth bedroom is considered non-conforming, the lower level could still provide useful flexibility for storage, hobbies, projects or other purposes depending on the next owner’s renovation plans.
Outside, the property includes both chain-link and wood fencing along with an open patio and additional storage.
A classic brick sidewalk in front contributes to the home’s historic appearance.
One of the property’s biggest practical advantages is the detached two-car garage behind the house.
The garage is accessed from the alley and provides covered parking along with additional room for storage.
The listing even mentions the possibility of earning parking income during events at the nearby Iowa State Fairgrounds.
Public water and public sewer serve the home, and there is no homeowners association.
The property officially entered the market on September 24, 2026, at $125,000 and remains at that price.
Its current financing terms include cash and conventional financing, while qualified buyers may also be able to explore Neighborhood Finance Corporation renovation and repair programs.
The home’s last recorded sale was approximately $94,000 in June 2004.
For buyers searching for a turnkey property, considerable work will likely be required.
But for someone who sees potential in older homes, 2814 E Walnut Street offers a combination of historic character, four bedroom spaces, central air, a basement and a two-car garage.
At $125,000—well below its current assessed value—this 1910 Des Moines property is being marketed directly toward the buyer willing to roll up their sleeves and bring it back to life.
Listed on Zillow