Pending

121 NW State Street

Ankeny, IA 50023
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Bed 4

Bed

Bath 2

Bath

SqFt952

Sqft

Acres0.23

Acre(Lot)

Investment Opportunity in the Heart of Ankeny! This well-maintained duplex offers the ideal blend of immediate income potential & long-term appreciation. Located near Prairie Trail, Ankeny Uptown, Ankeny Blvd shopping & dining, plus nearby bike trails, parks, schools, aquatic centers & ball fields, this property is perfectly positioned for tenant appeal. Major updates include a new electrical panel on each side & 1 new water heater. Both units feature updated white trim & fresh neutral paint throughout, creating a clean, modern feel. Unit 121 boasts an updated kitchen, while both units offer spacious layouts designed for comfortable living. Each unit features a walk-up basement with access to its own private patio space, along with dedicated private storage areas rarely found in dupl ex properties. The shared laundry/mechanical room is thoughtfully configured so each unit has its own washer & dryer, adding convenience without sacrificing efficiency. Surrounded by mature trees in an established neighborhood, this property offers flexibility for investors & owner-occupants alike. One tenant is currently month-to-month, allowing you to set the rules—adjust rents, select your own tenant, owner-occupy one side, or implement your preferred management strategy. Turnkey opportunities with this combination of updates, location & flexibility are hard to find. All info from sellers and public information.

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Detail Ic Property Details

Property Type : Residential Income

Price : $315,000

AD Id : 82895700

MLS Id : 742783

Beds : 4

Lot Size : 0.23 Acre

Living Area Size : 952

Year Built : 1971

Garage : 2

County : Polk

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Finished
  • Flooring Information

    Carpet, Laminate
  • Roofing Information

    Asphalt, Shingle
  • Interior Features

    Roof: Asphalt, Shingle Appliances: Dryer, Microwave, Refrigerator, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1971 Building Area Total: 952 Private Pool: No

  • Lot Information

    Main Square Feet: 0.225 Acres Lot Size Acres: 0.225 Lot Size Square Feet: 9792 Lot Description: Rectangular Lot

  • Listing Price Information

    Listing Price: $315000 Cash, Conventional

  • Tax Information

    Parcel Number: 18100392166001 Annual Tax: $3917 Tax Legal Desc: -EX E 4F- LOT 5 FRONTIER VILLAGE PLAT 8

  • Parking Information

    Detached, Garage

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: From State & 1st, go N. Home will be on the E side of the road. Park in either driveway. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2513 NW Cedarwood Court, Ankeny, IA, 50023 $468,990 3 2 1,800 1,800 SqFt
8070 NW 28th Lane, Ankeny, IA, 50023 $1,100,000 4 4 2,050 2,050 SqFt
2912 NW Fairfield Court, Ankeny, IA, 50023 $725,000 4 3 1,838 1,838 SqFt
2719 NW 27th Street, Ankeny, IA, 50023 $535,000 5 4 2,628 2,628 SqFt
2711 NW 27th Street, Ankeny, IA, 50023 $534,900 4 3 2,684 2,684 SqFt
307 SW 17th Street, Ankeny, IA, 50023 $605,000 4 3 1,442 1,442 SqFt
202 SW 17th Street, Ankeny, IA, 50023 $399,900 4 3 1,498 1,498 SqFt
403 NW Reinhart Drive, Ankeny, IA, 50023 $615,000 5 4 2,352 2,352 SqFt
325 SW School Street, Ankeny, IA, 50023 $349,900 4 2 1,652 1,652 SqFt
202 SW Prairie Trail Pa.., Ankeny, IA, 50023 $485,000 4 3 2,044 2,044 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/18/2026 @ 18:09

MLS: 742783 LISTED BY: Stacie Holst, RE/MAX Precision 515-223-9492 SOURCE: Des Moines Area Association of REALTORS

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