Skip To Content

601 N 1st Street

Indianola, IA 50125
  • $169,900
  • STATUS: Active
  • ON SITE: 166 Days
  • MLS #: 719413
UPDATED: 38 min ago
$169,900
  • 4
    BEDS
  • 0.17
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,524
    SQFT
  • $111
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:
Area:

School Ratings & Info

School District:

Description

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.

Monthly Payment Calculator

© 2025 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | RE/MAX Concepts. Data last updated: 2025-11-17T07:22:43.433.
www.kooymanrealestateteam.com/homes/164507764
Print Image

601 N 1st Street Indianola, IA 50125

  • Price: $169,900
  • Status: Active
  • On Site: 166 Days
  • Updated: 38 min ago
  • MLS #: 719413
4
Beds
2
Baths
0
½ Baths
0.17
Acres
1,524
SQFT
$111
$/SQFT
1890
Built
Neighborhood:
Indianola
County:
Warren
Area:
Indianola
School District:
Indianola
Property Description
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.
Exterior Features

Architectural Style Two Story Levels Two Road Surface Type Concrete Roof Asphalt Shingle

Interior Features

Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Cooling Window Unit(s) Cooling YN Yes Heating Baseboard Electric Heating YN Yes

Property Features

Lease Considered YN No Listing Terms Cash Conventional FHA USDA Loan VA Loan Lot Size Dimensions 50 X150 Sewer Public Sewer Tax Annual Amount 2053 Tax Year 2023 Water Source Public Zoning R-2

Listing provided courtesy of BH&G Real Estate Innovations: (515) 962-5555. © 2025 Des Moines Multiple Listing Service.
© 2025 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kooyman Real Estate Team | RE/MAX Concepts. Data last updated: 2025-11-17T07:22:43.433.
 
https://bt-photos.global.ssl.fastly.net/desmoines/1280_boomver_1_719413-2.jpg https://bt-photos.global.ssl.fastly.net/desmoines/1280_boomver_1_719413-2.jpg https://bt-photos.global.ssl.fastly.net/desmoines/1280_boomver_1_719413-2.jpg
Logo
Kooyman Real Estate Team | RE/MAX Concepts
7101 Vista Drive
West Des Moines IA, 50266