$300,000
$350,000
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120 N Howard Street Indianola, IA 50125
4 Beds
3 Baths
2,400 SqFt
Key Details
Sold Price $300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $125
MLS Listing ID 740604
Sold Date 10/16/26
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. One ground floor commercial space. Gross rent are $3,325/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
Financing Conventional
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Bought with Jamison Company Real Estate
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