601 N 1st Street Indianola, IA $ 169,900
601 N 1st Street
$ 169,900
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601 N 1st Street

Indianola, IA, 50125
$ 169,900
Bedrooms4 Baths2.0 Sq 1,524

Monthly Estimate*

$ 1,060

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Multi-Family Home for sale in Indianola, IA

for $169,900 with 4 bedrooms and 2 full baths. This 1,524 square foot home was built in 1890 on a lot size of 0.17.

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.

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Multi-Family Pending

Price

$ 169,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,053

Style

Lot Size

0.17

Year Built

1890

Town/City

Indianola

County/Region

Warren

MLS | Web ID

719413

List By
Misty Darling

Listing Agent

Bh&G Real Estate Innovations

Broker

misty@mistysold.com

Email

Affordability Calculator

$1,231
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,060
Monthly Property Taxes
$171
Monthly 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
4634788 Elementary School
4745038 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/3/2025$169,900 -2.86% Price Down
7/30/2025$174,900 Listed Price

Map


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601 N 1st Street, Indianola, IA, 50125 is a Multi-Family Home for sale at $169,900 with 1,524 sqft and a lot size of 0.17. 601 N 1st Street has 4 bedrooms, 2.0 baths, and was built in 1890. The property's zip code is 50125 which is in Indianola, IA