$350,000

120 N Howard Street, Indianola, IA 50125

  • 4 beds |
  • 3 baths |
  • 2,400 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon4,500sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $146/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Prime mixed-use investment opportunity in the heart of downtown Indianola! 120 N Howard Street features a main-level commercial space with a long-term tenant of nearly 10 years, plus three upper-level apartments consisting of two 1-bedroom units and one 2-bedroom unit. Each apartment includes a kitchen, living room and bathroom. One ground floor commercial space. Gross rent are $3,325/month. Additional income potential comes from a bonus storage space currently leased by a long-term tenant. Property features newer vinyl windows, electric baseboard heat, and separate electric and gas meters for each unit, with tenants paying their own electric and gas utilities. Landlord pays water, trash, and taxes. Located directly across from the new Warren County Courthouse and on the town square, this property offers excellent visibility and convenience near dining, nightlife, shopping, and Simpson College. Street parking available. Strong rental history and prime location make this a great addition to any investment portfolio. Call today to schedule your private showing!

Listing Status:
Active
Date Added:
May 12, 2026
Data Last Updated:
July 26, 2026 at 3:18AM
Listing Office:
Zealty Home Advisors : (515) 329-4667
Listing Agent:
Ryan Rivera : (515) 554-5870
MLS ID:
740604
  • General: See Remarks
  • Appliances: RefrigeratorStove
  • Basement: Unfinished
  • Flooring: CarpetLaminate
  • A/C: Central AirWindow Unit(s)
  • Heating: BaseboardElectric
  • Style: Two Story
  • Roofing: Rubber
  • General: Brick2Brick/Mortar
  • Road/Access: Concrete
  • HOA Amenities: InsuranceMaintenance GroundsMaintenance StructureSnow RemovalTaxesTrash
  • Originating MLS: DMAAR_DM
  • School District: Indianola
  • County: Warren
  • Zoning: C/MR25-76-24 INDIANOLA OTP LOT 9 BLK 1248020120090
  • Utilities: Electricity AvailableNatural Gas AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Ryan Rivera , Zealty Home Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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