Five-Unit Investment Property Near Indianola Town Square Excellent opportunity to acquire an income producing property in a prime location near the Indianola town square. This 5 unit conversion property features a desirable unit mix including 4 studio apartments, and a 1 bedroom + 1 bath apartment. The two upstairs units can be considered as one unit if one wanted to run the property as a 4 unit rental space. The property’s efficient layout supports low-maintenance ownership, while its close proximity to the town square provides tenants with convenient access to shopping, dining, entertainment, and community events. The walkable location enhances long-term occupancy and rental appeal. Ideal for investors seeking steady cash flow and portfolio growth, this property presents a solid opportunity. At full occupancy, current net income after all expenses—including utilities, insurance, and property taxes—is approximately $2,000 per month, or $24,000 annually (+/-), representing an estimated 11.7% net annual ROI. This return does not include potential property value appreciation.
- Basement:
- None
- Sewer:
- City Sewer/Connected
- Country:
- US
- State:
- IA
- County:
- Warren
- City:
- Indianola
- Zipcode:
- 50125
- Street:
- E Boston Ave
- Street Number:
- 104
- Directions:
- 104 East Boston Ave Indianola Iowa 50125
- Agent First Name:
- Cody Skinner
- Office Name:
- Iowa Land Company Real Estate LLC
- List Office MLSID:
- 48916
- Association Fee:
- $0
- Sold Price:
- $0
- Original List Price:
- $0
- Prior List Price:
- $0
- List Price Low:
- $0
- List Price High:
- $0
- Insurance Fee:
- $0
- Percent Price Difference:
- $0
- Search Price:
- $0
- Gross Income:
- $0
- NetIncome:
- $0
- Expense Insurance:
- $0
- Gross Taxes:
- $0
- Tax With Assessments:
- $0
- Net Taxes:
- $0
- Garage:
- 1
- Lot Size Dimensions:
- 9147
- Number Of Units Total:
- 5
- Previous Price:
- 205000
- Stories:
- 2
- Water Source:
- Public
- Accessibility Features:
- None
- Construction Materials:
- Vinyl Siding
- Tax Annual Amount:
- 2690
- List Agent Mls Id:
- 225669
- List Office Mls Id:
- 48916
- Mls Status:
- Active
- Modification Timestamp:
- 2026-01-11T01:01:35Z
- Originating System Name:
- NoCoast
Residential Income
104 E Boston Ave, Indianola, Iowa 50125
- Listing Status :
- Active
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 6334722
- Price :
- $205,000
- Total Finished SqFt :
- 1,776 Sqft
- Year Built :
- 1900
- Property Sub Type :
- Apartment
