Active

104 E Boston Ave

Indianola, IA 50125

$205,000 $864/Mo

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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 opportu nity. 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.

Property Details

Property Type : Apartment

Price : $205,000

AD Id : 73026252

MLS Id : 6334722

Living Area Size : 1,776

Year Built : 1900

County : Warren

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Building Information

Built Year: 1900

Lot Information

Dimensions: 9147
Property Information

Type: Apartment City: Indianola State: IA Directions: 104 East Boston Ave Indianola Iowa 50125 Property Status: Active

Listing Price Information

Original List Price: $ 205,000 Price Per SQFT: $115

Tax Information

Annual Tax: $2690 Tax Year: 2025

School Information

Elementary School District: 3114 - Indianola High School District: 3114 - Indianola Middle School District: 3114 - Indianola

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All listings featuring the "Iowa AOR" as the source are provided by "Iowa AOR - IAMLS". This information is not verified for authenticity or accuracy and is not guaranteed.

ByOwner last updated this listing 06/07/2026 @ 01:54

MLS: 6334722 LISTED BY: Cody Skinner, Iowa Land Company Real Estate LLC 515-443-6343 SOURCE: Iowa AOR - IAMLS