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.
Active
$489,000
1220 Iowa St, Columbus, IN 47201
8beds
4baths
--sqft
Est.:
Multi Family, Quadruplex, Duplex
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Usable yard spaceOff-street parking
- 2 days |
- 348 |
- 6 |
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#: 22086237
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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/1/2026 | Listed for sale | $489,000+22.6% |
Source: | ||
| 7/24/2023 | Sold | $399,000 |
Source: | ||
| 6/9/2023 | Pending sale | $399,000 |
Source: | ||
| 6/5/2023 | Listed for sale | $399,000+18.6% |
Source: | ||
| 10/28/2021 | Sold | $336,500+0.4% |
Source: | ||
| 6/13/2021 | Pending sale | $335,000 |
Source: | ||
| 6/7/2021 | Listed for sale | $335,000 |
Source: | ||
| 4/13/2021 | Listing removed | -- |
Source: | ||
| 3/30/2021 | Pending sale | $335,000 |
Source: | ||
| 3/19/2021 | Listed for sale | $335,000+43.2% |
Source: | ||
| 8/18/2020 | Listing removed | $900 |
Source: Zillow Rental Manager Report a problem | ||
| 7/27/2020 | Listed for rent | $900 |
Source: Zillow Rental Manager Report a problem | ||
| 5/25/2019 | Listing removed | $900 |
Source: Owner Report a problem | ||
| 5/2/2019 | Listed for rent | $900 |
Source: Owner Report a problem | ||
| 10/26/2018 | Sold | $234,000-6% |
Source: | ||
| 8/8/2018 | Pending sale | $249,000 |
Source: 360 Realty #21581436 Report a problem | ||
| 7/14/2018 | Listed for sale | $249,000+69.4% |
Source: 360 Realty #21581436 Report a problem | ||
| 10/20/2015 | Sold | $147,000-10.9% |
Source: Public Record Report a problem | ||
| 10/1/2015 | Price change | $164,900+3.1% |
Source: RE/MAX Real Estate Professionals #21373310 Report a problem | ||
| 9/26/2015 | Price change | $159,900-3% |
Source: RE/MAX Real Estate Professionals #21373310 Report a problem | ||
| 9/17/2015 | Price change | $164,900+3.1% |
Source: RE/MAX Real Estate Professionals #21373310 Report a problem | ||
| 8/27/2015 | Listed for sale | $159,900 |
Source: RE/MAX Real Estate Professionals #21373310 Report a problem | ||
| 6/16/2015 | Listing removed | $159,900 |
Source: RE/MAX Real Estate Professionals-IN #21500492 Report a problem | ||
| 4/12/2015 | Price change | $159,900-3% |
Source: RE/MAX Real Estate Professionals-IN #21500492 Report a problem | ||
| 3/26/2015 | Price change | $164,900-5.8% |
Source: RE/MAX Real Estate Professionals-IN #21500492 Report a problem | ||
| 3/20/2015 | Listed for sale | $175,000 |
Source: RE/MAX Real Estate Professionals-IN #21292465 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 9/10Csa Lincoln CampusGrades: K-6Distance: 0.9 mi
- 5/10Northside Middle SchoolGrades: 7-8Distance: 1.2 mi
- 7/10Columbus North High SchoolGrades: 9-12Distance: 1 mi






