601 N 1st Street, Indianola, IA 50125

Local realty services provided by:Better Homes and Gardens Real Estate Innovations
601 N 1st Street,Indianola, IA 50125
$169,900
  • 4 Beds
  • 2 Baths
  • 1,524 sq. ft.
  • Multi-family
  • Pending
Listed by:
  • Listing agent0
    Misty Darling
    Better Homes and Gardens Real Estate Innovations
  • Listing agent1
    Emily Burton(515) 238 - 3317
    Better Homes and Gardens Real Estate Innovations
MLS#:719413
Source:IA_DMAAR

Price summary

  • Price:$169,900
  • Price per sq. ft.:$111.48

About this home

Prime Investment Opportunity Near Simpson College & Indianola Square. This fully rented, income-producing property features two well-maintained units with steady cash flow. The main-level unit offers 2 bedrooms, 1 bath, a large kitchen, spacious living room, and basement access. The upper-level unit includes 1 bedroom, 1 bath and kitchen with plenty of storage. Both units are equipped with private entrances and in-unit laundry, a key amenity for attracting and retaining tenants. Sitting on a large lot, the property not only provides ample, private off-street parking for tenants and guests but also offers future building opportunities for additional income potential. Convenient location near Hwy 65/69, shopping, and dining ensures strong rental demand. Seller financing available, making this a flexible and accessible investment opportunity.

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Home facts

  • Year built:1890
  • Listing ID #:719413
  • Added:211 day(s) ago
  • Updated:January 01, 2026 at 08:58 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,524 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Baseboard, Electric

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1890
  • Building area:1,524 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$169,900
  • Price per sq. ft.:$111.48
  • Tax amount:$2,053 (2023)

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