104 E Boston Ave, Indianola, IA 50125
Local realty services provided by:CENTURY 21 BW Preferred, Inc.
104 E Boston Ave,Indianola, IA 50125
$205,000
- - Beds
- - Baths
- 1,776 sq. ft.
- Multi-family
- Active
Listed by: cody skinner
Office: iowa land company real estate llc.
MLS#:6334722
Source:IA_HIMLS
Price summary
- Price:$205,000
- Price per sq. ft.:$115.43
About this home
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....
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Home facts
- Year built:1900
- Listing ID #:6334722
- Added:120 day(s) ago
- Updated:May 10, 2026 at 02:51 PM
Rooms and interior
- Basement:Yes
- Living area:1,776 sq. ft.
Structure and exterior
- Year built:1900
- Building area:1,776 sq. ft.
Finances and disclosures
- Price:$205,000
- Price per sq. ft.:$115.43
- Tax amount:$2,690 (2025)
Parking
- Garage:Yes
- Garage spaces:1
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