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$169,900

Listing Price

4beds

2baths

1,524sqft

7,500sqft lot

601 N 1st St, Indianola, IA 50125

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Multi-Family

Home type

--

Price / sqft

1890

Year built

Home Details

Prime Investment Opportunity Near Simpson College & Indianola Square. This fully rented, income-producing property features two well-maintained units with steady cash flow. The main-level unit offers 2 bedrooms, 1 bath, a large kitchen, spacious living room, and basement access. The upper-level unit includes 1 bedroom, 1 bath and kitchen with plenty of storage. Both units are equipped with private entrances and in-unit laundry, a key amenity for attracting and retaining tenants. Sitting on a large lot, the property not only provides ample, private off-street parking for tenants and guests but also offers future building opportunities for additional income potential. Convenient location near Hwy 65/69, shopping, and dining ensures strong rental demand. Seller financing available, making this a flexible and accessible investment opportunity.

Interior Details

Square Feet
  • 1524

Bedrooms
  • 4

Bathrooms
  • 2

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Baseboard

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    None

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Electric

Basement
  • Has Basement:

    No

  • Basement Type:

    Full, Daylight

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    Carpet

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 7500

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 2

Style
  • Bi-level

Exterior
  • Aluminum/vinyl

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$2,023

$22,500

$69,900

--%

$92,400

2018

$1,884

$22,500

$69,900

--%

$92,400

2018

$1,884

$0

$0

--%

$0

2017

$826

$0

$0

--%

$0

2015

$1,550

$0

$0

--%

$71,500

percent-home-icon

Average Home Price in 50125

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$169,900

4 Beds

2 Baths

1,524 Sqft

7,500 Lot (sqft)

Sold 06/03/2025

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
169,900
$
Down payment
33,980
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
1,019.4
$
HOA (Monthly)
0
$
PMI
0
$
$1,100
Your Payment
Total Monthly Payment:$1,100
Percent of Income:19%
Affordable:Yes

Details for 601 N 1ST ST

Property Debt

Foreclosure Contact Details