120 N Howard Street, Indianola, IA 50125
120 N Howard Street, Indianola, IA 50125
120 N Howard Street, Indianola, IA 50125
120 N Howard Street, Indianola, IA 50125
120 N Howard Street, Indianola, IA 50125
120 N Howard Street, Indianola, IA 50125
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$ 350,000
Est. payment | /mo

4 Beds

3 Baths

2,400 SqFt


Save
$ 350,000
Est. payment | /mo
Save

4 Beds

3 Baths

2,400 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $145

MLS Listing ID 740604

Style Two Story

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1900

Annual Tax Amount $3,266

Tax Year 2026

Lot Size 4,499 Sqft

Acres 0.1033

Property Description

Prime mixed-use investment opportunity in the heart of downtown Indianola! 120 N Howard Street features a main-level commercial space with a long-term tenant of nearly 10 years, plus three upper-level apartments consisting of two 1-bedroom units and one 2-bedroom unit. Each apartment includes a kitchen, living room, and bathroom, with rents currently at $725/month per unit. The commercial space rents for $740/month.

Additional income potential comes from a bonus storage space currently leased by a long-term tenant. Property features newer vinyl windows, electric baseboard heat, and separate electric and gas meters for each unit, with tenants paying their own electric and gas utilities. Landlord pays water, trash, and taxes.

Located directly across from the new Warren County Courthouse and on the town square, this property offers excellent visibility and convenience near dining, nightlife, shopping, and Simpson College. Street parking available. Strong rental history and prime location make this a great addition to any investment portfolio.

Call today to schedule your private showing!

Location

State IA

County Warren

Area Indianola

Zoning C/MR

Rooms

Basement Unfinished

Interior

Interior Features See Remarks

Heating Baseboard, Electric

Cooling Central Air, Window Unit(s)

Flooring Carpet, Laminate

Furnishings Unfurnished

Fireplace No

Appliance Refrigerator, Stove

Exterior

Community Features Storage Facilities, Snow Removal

Utilities Available Electricity Available, Natural Gas Available, Water Available

Roof Type Rubber

Private Pool No

Building

Lot Description Rectangular Lot

Entry Level Two

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Indianola

Others

HOA Fee Include Insurance,Maintenance Grounds,Maintenance Structure,Snow Removal,Taxes,Trash

Tax ID 48020120090

Monthly Total Fees $272

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Zealty Home Advisors
Daniel Wandling

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(515) 451-3702

dan@iowadan.com

2425 N Ankeny Blvd, Ankeny, IA, 50023, USA

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120 N Howard Street