$260,000
1052 36th Street, Des Moines, Iowa 50311, United States
Historic Drake charmer — fenced yard, detached 2-car garage, steps to campus
3
Beds
1.5
Baths
1,632
Sq Ft
1916
Built
0.16 acres
Lot
2-car detached
Garage
This is a Craftsman that shows the kind of careful stewardship you notice the moment you step onto the enclosed front porch. Built in 1916, 1052 36th Street preserves classic character—dark oak trim, plate rails in the dining room, an open staircase and beamed ceilings—while the owners have introduced thoughtful updates so the home lives comfortably for today. Original hardwoods run throughout the main living areas; French doors lead to a sun-filled solarium that adds flexible living space for a home office or reading nook.
The living room’s fireplace anchors convivial gatherings, and the dining room’s built-in details recall the home’s era without feeling dated. The kitchen and baths display tasteful modern updates that align with the home’s historic bones; central AC and forced-air gas heating make year-round comfort straightforward. Upstairs hosts three bedrooms and a well-placed half bath, while the unfinished basement offers utility and storage plus room for future expansion.
Outdoor living extends with a private, fenced backyard and a two-level deck that includes a tucked-in hot tub nook—an uncommon find in this neighborhood. The detached two-car garage provides secure parking and workshop space, and the level 0.16-acre lot leaves room for gardening or play. Practical systems include an asphalt shingle roof and municipal utilities; buyers should note recommended inspections for roof and HVAC condition and to verify any renovation permits.
Location is a defining feature. Set in Drake, this property sits roughly three blocks from Drake University and within easy walking distance of neighborhood amenities and green spaces. The street offers a strong blend of historic residences and ongoing community investment that supports steady appreciation. Whether you are a buyer seeking a primary residence with historic charm, a university-affiliated homeowner, or an investor looking at rental upside, this home balances period details and updated systems in one of Des Moines’ most walkable central neighborhoods.
Please confirm lot lines, permits, and any historic preservation guidelines during due diligence. Assessed value and recent comps support a market valuation in the $250,000 to $270,000 range, with a midpoint estimate of $260,000.
Drake is a walkable, campus-centered neighborhood where university energy and longstanding residential character converge. Tree-lined streets and a mix of early-20th-century homes anchor everyday life; nearby Drake University brings cultural events, athletic fixtures and steady demand for housing. Residents enjoy quick access to green space and recreational options like Waveland Golf Course, plus neighborhood shops and cafes a short walk away. The area has shown steady appreciation and attracts a blend of families, faculty, and professionals seeking central living with strong community ties.
Local market indicators point to a balanced-to-slight seller's market in the Drake neighborhood. Inventory sits around 2.5 months—below a typical neutral market—while average days on market run near 35 days, indicating homes priced competitively still move quickly. The neighborhood’s 1-year appreciation is modest at about 4.5%, and a five-year gain near 22% points to steady longer-term growth. Median sale price for the area is approximately $245,000, while comparable nearby craftsman sales in recent periods show a range extending up to the mid-$300,000s for larger, extensively updated homes. For single-family Craftsman homes like this one, demand is reinforced by proximity to Drake University and a mix of owner-occupiers and investor interest; rental demand for 3BR units is strong, with estimated market rent around $1,800–$2,000/mo and a modeled monthly rent near $1,900. Given low inventory and steady buyer interest, qualified sellers can expect favorable outcomes when pricing aligns with condition and upgrades; buyers should move decisively but preserve inspection contingencies to address possible aging infrastructure and permit verification.
Hubbell Elementary School
Elementary · 0.6 mi
Callanan Middle School
Middle · 0.6 mi
Roosevelt High School
High · 0.7 mi
Very good outdoor access with campus green spaces and nearby Waveland Golf Course (1.2 miles), neighborhood parks, and streets suited for walking and biking.
1052 36th Street is a 3-bedroom, 1.5-bathroom craftsman-style home built in 1916 with 1,632 SF of living space on a 0.16-acre lot in Des Moines' historic Drake neighborhood. The property features original hardwood floors, dark oak woodwork, beamed ceilings, and a spacious enclosed front porch, blending historic charm with modern updates.
The home includes a two-level deck with a hot tub nook, providing a private outdoor retreat. The detached 2-car garage offers additional workshop space, catering to various needs. The fenced backyard ensures privacy and security, making it ideal for families and pets.
From a valuation perspective, comparable sales in the Drake neighborhood suggest a current fair market value of $250,000–$270,000, with a midpoint estimate of $260,000 ($159/SF). The owners purchased in 2024 for $235,000, indicating approximately 10% appreciation over two years. The current assessed value of $234,500 appears below market, reflecting potential for further appreciation.
Drake is a vibrant neighborhood known for its proximity to Drake University, offering cultural and educational opportunities. The area has experienced steady appreciation due to ongoing community investments and its central location. The neighborhood's walkability and access to amenities make it attractive to a diverse range of buyers.
Overall, this property represents a solid investment in a historic neighborhood with a blend of original charm and modern conveniences. The proximity to Drake University and local amenities enhances its appeal. Key due diligence items include verifying the condition of the roof and HVAC systems, as well as confirming any historic preservation guidelines that may affect future modifications.
Well-maintained craftsman in historic Drake neighborhood with original features and modern updates. Proximity to Drake University and steady neighborhood appreciation suggest strong investment potential.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$250K
Midpoint
$260K
High
$270K
$159/SF estimated price per square foot
Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $234,500 appears below market.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Drake neighborhood has seen steady appreciation due to university proximity and ongoing community investments. Walkability Rating estimate: 65/100.
Proximity to Drake University offers cultural and educational opportunities. Nearby schools and parks enhance family appeal. Waveland Golf Course provides recreational options.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$144/SF
Arm's length transaction
$99/SF
Arm's length transaction
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