402 W Ashland Avenue Indianola, IA ^$ 205,000

402 W Ashland Avenue

^$ 205,000

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402 W Ashland Avenue

Indianola, IA, 50125

^$ 205,000

Bedrooms4 Baths2.0 Sq 2,112

Monthly Estimate*

^$ 1,279

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Multi-Family Home for sale in Indianola, IA

for $205,000 with 4 bedrooms and 2 full baths. This 2,112 square foot home was built in 1900 on a lot size of 0.155.

24-hour notice to show is required. A lockbox will by front door, one key for the upstairs and one for the main level. Entrance to the basement is from the door directly across the front door. Upstairs Tenant signed new lease in May 2025. Current lease is a 12 month lease, with a 1 month termination clause. Tenant parking is located in the alley behind the home. There is also street parking. New furnace. One thermostat on the main level for both apartments. Each unit has their own laundry. Has current rental certificate.

Multi-Family Active

Price

^$ 205,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,257

Style

Two Story

Lot Size

0.155

Year Built

1900

Town/City

Indianola

County/Region

Warren

MLS | Web ID

723983

Features

General

Heating ForcedAir Gas

Cooling CentralAir

Utilities ElectricityAvailable NaturalGasAvailable WaterAvailable

Zoning Res

Architectural Style TwoStory

Construction Materials SeeRemarks

Year Built 1900

Tenant Pays Electricity Insurance Water

Stories Count 2

Levels Two

Tax Year 2025

Gross Income 2125.0

County Warren

New Construction N

Property Type MultiFamily

HOA N

Attached Garage N

Garage Y/N N

Full Baths 2

Status Active

Directions From Hwy 65/69 west on Ashland Ave 5 blocks to property on the north side of street

City Indianola

Senior Community Y/N N

High School District Independence

Number Of Units Total 2

MLS Area Indianola

Lot Size Units Acres

Lot Size Square Feet 6750.0

Carport Y/N N

Listing Terms Cash Conventional

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 3257.56

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Middle/Junior School District Independence

Elementary School District Independence

Legal Description 25-76-24 JONES & WINDLES ADD E 5' LOT 10 & W 40' LOT 11 BLK 12

Interior

Basement Unfinished

Basement (Y/N) Y

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Half Baths 0

3/4 Baths 0

Total Bedrooms 4

Total Baths 2

Exterior

Lot Size Area 0.155

Foundation Details Block BrickMortar

Spa N

Building Area Total 2112.0

Lot Dimensions 45X150

Lot Size Acres 0.155

Private Pool N

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 402

* Excluded Features

List By

Kasey Kliegl

Listing Agent

Re/Max Concepts

Broker

ListwithKasey@gmail.com

Affordability Calculator

$1,550

Per Month

Monthly Principal & Interest: $1,279
Monthly Property Taxes: $271
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Indianola, IA

Average List Price ^$167,450

Percent of Sale Price 18%

About Indianola, IA

16,164 Population

20% Since 2002

^$53,734 Median Income

34.75 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4737907 Elementary School

4738546 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/17/2025	$205,000	-2.38%	Price Down
8/8/2025	$210,000		Listed Price

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402 W Ashland Avenue, Indianola, IA, 50125 is a Multi-Family Home for sale at $205,000 with 2,112 sqft and a lot size of 0.155. 402 W Ashland Avenue has 4 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 50125 which is in Indianola, IA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data courtesy of the Internet Data Exchange (IDX) Program of the Des Moines Area Multiple Listing Service.

Data is updated as of 12/15/2025.

The information being provided is 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.

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402 W Ashland Avenue

Multi-Family Home for sale in Indianola, IA

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