503 W 2nd Avenue
Indianola, IA 50125
3
Bed
1
Bath
1,224Sqft
0.18Acre(Lot)
Here is a home or investment opportunity for less than $150,000! This as-is home is already producing rent with a long-term tenant so it is instant income for an investor. This 3-bedroom home also includes 2 garages on site that are not use by the tenant, so it comes with all the extra storage you may need. The water heater was replaced in 2023 and the furnace was new in 2022. Check this home out today. All information was obtained by the seller and public records
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Basement: Crawl Space -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle Appliances: Cooktop, Refrigerator Laundry Features: Main Level -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1900 Building Area Total: 1224 Construction Materials: Metal Siding Stories: 1 Private Pool: No
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Lot Information
Lot Dimensions: .27 Main Square Feet: 0.1837 Acres Lot Size Acres: 0.1837 Lot Size Square Feet: 12000 Lot Description: Rectangular Lot
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Listing Price Information
Listing Price: $140000 Cash, Conventional
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Tax Information
Parcel Number: 48860001370 and 48860001371 Tax Year: 2025 Annual Tax: $2076 Tax Legal Desc: 25-76-24 AUDITORS OUT LOTS N 100' OL 137 and 25-76-24 AUDITORS OUT LOTS S 50' OL 137
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Parking Information
Detached, GarageGarage Information
Has Garage: Yes Garage Space: 4
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Location Information
Direction: From the intersection of HYW 65/69 and HWY 92, go west on HYW 92 the properties are on the south side of the road at the intersection of Soth D WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 13685 169th Lane, Indianola, IA, 50125 | $525,000 | 4 | 3 | 1,488 | 1,488 SqFt |
| 13426 169th Lane, Indianola, IA, 50125 | $1,375,000 | 5 | 6 | 5,546 | 5,546 SqFt |
| 15999 Fulton Street, Indianola, IA, 50125 | $670,000 | 3 | 2 | 1,468 | 1,468 SqFt |
| 11735 160th Avenue, Indianola, IA, 50125 | $845,000 | 5 | 4 | 4,437 | 4,437 SqFt |
| 15329 Kennedy Street, Indianola, IA, 50125 | $629,000 | 3 | 3 | 1,764 | 1,764 SqFt |
| 15368 Newbold Street, Indianola, IA, 50125 | $650,000 | 2 | 2 | 2,400 | 2,400 SqFt |
| 15101 Fairfax Street, Indianola, IA, 50125 | $895,000 | 10 | 7 | 4,435 | 4,435 SqFt |
| 16823 150th Avenue, Indianola, IA, 50125 | $625,000 | 5 | 4 | 2,232 | 2,232 SqFt |
| 402 N 20th Street, Indianola, IA, 50125 | $374,990 | 4 | 3 | 1,809 | 1,809 SqFt |
| 1912 E Clinton Place, Indianola, IA, 50125 | $353,990 | 3 | 2 | 1,408 | 1,408 SqFt |
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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 06/16/2026 @ 15:36
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