1201-1203 NW Linden Street Ankeny, IA $ 348,400
1201-1203 NW Linden Street
$ 348,400
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1201-1203 NW Linden Street

Ankeny, IA, 50023
$ 348,400
Bedrooms4 Baths2.0 Sq 1,520

Monthly Estimate*

$ 2,406

1201-1203 NW Linden Street, Ankeny, IA 50023 - Image 1
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Multi-Family Home for sale in Ankeny, IA

for $348,400 with 4 bedrooms and 2 full baths. This 1,520 square foot home was built in 1976 on a lot size of 0.252.

Fantastic opportunity to own a well-maintained, income-producing duplex in Ankeny! This desirable investment property offers excellent rental income potential with significant improvements already completed, including a new roof in 2020, updated HVAC systems in 2021 and 2024, and egress windows in both units. Each spacious unit features 2 bedrooms, convenient in-unit laundry, a private one-stall detached garage, and a paved driveway. Both units also offer expansive unfinished lower-level furnace/storage rooms, providing abundant additional storage space. Unit 1201 features a private patio, perfect for outdoor relaxation. Investors will appreciate the separately metered gas, electric, and water utilities, all paid directly by tenants, helping minimize owner expenses and simplify property management. Currently owner-managed, the property offers established rental income with one unit occupied and the other vacant, providing an excellent opportunity for an owner-occupant or investor to secure a new tenant. With major updates completed, separate utilities, garage parking for each unit, and attractive income potential, this Ankeny duplex is an exceptional addition to any investment portfolio! Don’t miss this fantastic opportunity!

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Multi-Family Active

Price

$ 348,400

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,544

Style

Lot Size

0.252

Year Built

1976

Town/City

Ankeny

County/Region

Polk

MLS | Web ID

751778

List By
Stephanie Thomas

Listing Agent

Re/Max Concepts

Broker

Stephanie@realestateconcepts.net

Email

Affordability Calculator

$2,785
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,406
Monthly Property Taxes
$379
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
1415547 Elementary School
1415483 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/22/2026$348,400 Listed Price

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1201-1203 NW Linden Street, Ankeny, IA, 50023 is a Multi-Family Home for sale at $348,400 with 1,520 sqft and a lot size of 0.252. 1201-1203 NW Linden Street has 4 bedrooms, 2.0 baths, and was built in 1976. The property's zip code is 50023 which is in Ankeny, IA