Property Description

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.

Features
Basement:
None
Sewer:
City Sewer/Connected
Address Map
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
MLS Addon
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
Additional Information
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
Financial
Tax Annual Amount:
2690
Listing Information
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

1,776 Sqft
$205,000
Listing ID #6334722
Basic Details
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
Agent info
Paula Mc Claflin
Paula Mc Claflin
  • Female
  • ,082813557,219138,
Stoney Oak Properties, L.L.C.
Stoney Oak Properties, L.L.C.
Address: 201 South Main St Osceola, IA 50213
I really like to help people find their dream homes, but even more, I like to buy and remodel homes! I find comfort and fun in purchasing a house and restoring it back to its former glory. The same holds true for buildings — I purchased the old Hart’s Bridal shop in the late fall of 2013 and basically gutted it and started over. I knew I wanted a firm where anyone that walked through my door would feel welcomed and my agents would love a great place to work! That dream has become a reality with four new agents and a finished building for our office to call home.
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