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  • $489,000

    1220 Iowa St, Columbus, IN 47201

    8beds
    4baths
    --sqft
    : 
    Multi Family, Quadruplex, Duplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Usable yard spaceOff-street parking
    Attention investors - this is the kind of opportunity that makes you sit up a little straighter. One lot. Four rental units. One streamlined purchase. This income-producing package includes two single-family homes (each 2 bed | 1 bath) plus one duplex with two separate 2-bedroom units - all currently leased and generating income from day one. No vacancy guesswork. No renovation limbo. Just immediate cash flow. What makes this one especially smart? Built-in diversification. Instead of relying on a single tenant or single structure, you've got four doors working for you across three buildings. Spreading risk while multiplying income potential. The units are in solid condition with strong market rents already in place. Tenants benefit from walkable access to local trails, nearby bus transportation, off-street parking, and usable yard space. All features that consistently support rental demand. This isn't just "another duplex." It's a compact portfolio in one clean transaction. This acquisition presents a rare opportunity to secure multiple revenue streams within a single transaction. With four doors across three structures, investors gain both scale and diversification in one strategic purchase. An ideal addition for buyers seeking portfolio growth, steady cash flow, and an asset positioned in a consistently rentable location. Professional property management is already in place and can seamlessly continue with the new owner, making this a truly turnkey investment from day one. If you've been waiting to grow your doors without juggling multiple closings, this is your moment. Four doors. One decision. Smart move.
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    Zillow last checked: 8 hours ago

    Listing updated: March 03, 2026 at 02:16pm

    Listing Provided by:

    Laura McGurk 812-343-2507,

    CENTURY 21 Scheetz

    Source: MIBOR as distributed by MLS GRID,MLS#: 22086237MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Appliances
    • Laundry: Connections Some
    Features
    • Has basement: No

    Property

    Parking
    • Total spaces: 2
    • Parking features: Alley Access, Gravel
    • Carport spaces: 2
    • Details: Unit Parking(Covered, Guest Parking, On Street, 1 Car Space, 2 Car Space, Unpaved)
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.34 Acres
    • Features: Access, Corner Lot, Street Lights
    Details
    • Parcel number: 039619130004100005
    • Zoning: 3 family dwell
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family, Quadruplex, Duplex
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1900

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Central Park
    Location
    • Region: Columbus

    Financial & listing details

    • Tax assessed value: $351,000
    • Annual tax amount: $7,894
    • Date on market: 3/1/2026
    • Cumulative days on market: 4 days
    • Tenant pays: All Utilities
    • Road surface type: Asphalt
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    3/1/2026Listed for sale$489,000+22.6%
    Source: MIBOR as distributed by MLS GRID #22086237 Report a problem
    7/24/2023Sold$399,000
    Source: MIBOR as distributed by MLS GRID #21924949 Report a problem
    6/9/2023Pending sale$399,000
    Source: MIBOR as distributed by MLS GRID #21924949 Report a problem
    6/5/2023Listed for sale$399,000+18.6%
    Source: MIBOR as distributed by MLS GRID #21924949 Report a problem
    10/28/2021Sold$336,500+0.4%
    Source: MIBOR as distributed by MLS GRID #21771992 Report a problem
    6/13/2021Pending sale$335,000
    Source: RE/MAX International #21771992 Report a problem
    6/7/2021Listed for sale$335,000
    Source: RE/MAX International #21771992 Report a problem
    4/13/2021Listing removed--
    Source: RE/MAX International Report a problem
    3/30/2021Pending sale$335,000
    Source: RE/MAX International #21771992 Report a problem
    3/19/2021Listed for sale$335,000+43.2%
    Source: RE/MAX International #21771992 Report a problem
    8/18/2020Listing removed$900
    Source: Zillow Rental Manager Report a problem
    7/27/2020Listed for rent$900
    Source: Zillow Rental Manager Report a problem
    5/25/2019Listing removed$900
    Source: Owner Report a problem
    5/2/2019Listed for rent$900
    Source: Owner Report a problem
    10/26/2018Sold$234,000-6%
    Source: MIBOR as distributed by MLS GRID #21581436 Report a problem
    8/8/2018Pending sale$249,000
    Source: 360 Realty #21581436 Report a problem
    7/14/2018Listed for sale$249,000+69.4%
    Source: 360 Realty #21581436 Report a problem
    10/20/2015Sold$147,000-10.9%
    Source: Public Record Report a problem
    10/1/2015Price change$164,900+3.1%
    Source: RE/MAX Real Estate Professionals #21373310 Report a problem
    9/26/2015Price change$159,900-3%
    Source: RE/MAX Real Estate Professionals #21373310 Report a problem
    9/17/2015Price change$164,900+3.1%
    Source: RE/MAX Real Estate Professionals #21373310 Report a problem
    8/27/2015Listed for sale$159,900
    Source: RE/MAX Real Estate Professionals #21373310 Report a problem
    6/16/2015Listing removed$159,900
    Source: RE/MAX Real Estate Professionals-IN #21500492 Report a problem
    4/12/2015Price change$159,900-3%
    Source: RE/MAX Real Estate Professionals-IN #21500492 Report a problem
    3/26/2015Price change$164,900-5.8%
    Source: RE/MAX Real Estate Professionals-IN #21500492 Report a problem
    3/20/2015Listed for sale$175,000
    Source: RE/MAX Real Estate Professionals-IN #21292465 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$8,007 +19.8%$351,000 -0.4%
    2023$6,685 +3.2%$352,500 +19.4%
    2022$6,480 +38.2%$295,200 +4%
    2021$4,690 +80.5%$283,900 +37.9%
    2020$2,598 -9%$205,900 +5.9%
    2019$2,854 -12%$194,500 +30.5%
    2018$3,242 +3.5%$149,000 +0.2%
    2017$3,134 +1.3%$148,700 +3.8%
    2016$3,093 +1.4%$143,300 +3.2%
    2014$3,050 $138,900 +1.3%
    2013$3,050 +14.5%$137,100 +14.3%
    2010$2,664 +11%$119,900
    2009$2,401 $119,900

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $2,605/mo
    Principal & interest
    $2295
    Property taxes
    $310

      Climate risks

      Neighborhood: 47201

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