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For sale
  • Price cut: $5K (7/16)
    $174,900

    601 N 1st St, Indianola, IA 50125

    4beds
    1,524sqft
    : 
    Multi Family
    Built in 1890
    -- sqft lot
    $164,200 Zestimate®
    $115/sqft
    $-- HOA

    What's special

    Private off-street parkingAmple street parkingIn-unit laundryBasement accessLarge kitchenOversized lot
    Excellent investment opportunity near Simpson College and Indianola Square! This income-producing property features two fully rented units. The main-level unit offers 2 bedrooms, 1 bath, a large kitchen, spacious living room, and basement access. The second level unit includes 1 bedroom and 1 bath. Both units have in-unit laundry, providing added convenience for tenants. Oversized lot that includes private off-street parking and ample street parking for guests and tenants. Conveniently located near Hwy 65/69. Turnkey investment with reliable rental income.
    50 days
    on Zillow
    |
    578
    |
    27
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 16, 2025 at 07:31am

    Listed by:

    Misty Darling (515)962-5555,

    BH&G Real Estate Innovations,

    Emily Burton 515-238-3317,

    BH&G Real Estate Innovations

    Source: DMMLS,MLS#: 719413MLS LogoOriginating MLS: Des Moines Area Association of REALTORS
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 601 N 1st St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Electric
    Cooling
    • Window Unit(s)
    Features
    • Basement: Unfinished
    Interior area
    • Total structure area: 1,524
    • Total interior livable area: 1,524 sqft
    • Finished area below ground: 0

    Property

    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 7,405.2 Square Feet
    • Dimensions: 50 x 150
    Details
    • Parcel number: 48140350050
    • Zoning: R-2

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story
    • Property subtype: Multi Family
    Materials
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1890

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Indianola

    Financial & listing details

    • Price per square foot: $115/sqft
    • Tax assessed value: $114,500
    • Annual tax amount: $2,053
    • Date on market: 6/3/2025
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
    • Road surface type: Concrete
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