1220 Iowa Street, Columbus, IN 47201

Columbus
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1220 Iowa Street,Columbus, IN 47201
$489,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: laura mcgurk
Office: century 21 scheetz
MLS#:22086237
Source:IN_MIBOR

Price summary

  • Price:$489,000

About this home

Attention investors - this is the kind of opportunity that makes you sit up a little straighter. One lot. Four rental units. One streamlined purchase. This income-producing package includes two single-family homes (each 2 bed | 1 bath) plus one duplex with two separate 2-bedroom units - all currently leased and generating income from day one. No vacancy guesswork. No renovation limbo. Just immediate cash flow. What makes this one especially smart? Built-in diversification. Instead of relying on a single tenant or single structure, you've got four doors working for you across three buildings. Spreading risk while multiplying income potential. The units are in solid condition with strong market rents already in place. Tenants benefit from walkable access to local trails, nearby bus transportation, off-street parking, and usable yard space. All features that consistently support rental demand. This isn't just "another duplex." It's a compact portfolio in one clean

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Home facts

  • Year built:1900
  • Listing ID #:22086237
  • Added:6 day(s) ago
  • Updated:March 08, 2026 at 02:50 PM

Structure and exterior

  • Year built:1900
  • Lot area:0.34 Acres
  • Lot Features:Corner Lot, Street Lights
  • Construction Materials:Vinyl Siding

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$489,000
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