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Listed price in listed location currency (USD).
$489,000

000

MLS® 22086237

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 2
Lot Size 0.34 acres
Approx. Age 1900
MLS® Number 22086237

Property Address: 1220 Iowa St, Columbus, IN, 47201-6055

Average square foot calculated using Size range provided by listing agent.

Description

Attention investors - this is the kind of opportunity that makes you sit up a little straighter. One lot. Four rental units. One streamlined purchase. This income-producing package includes two single-family homes (each 2 bed | 1 bath) plus one duplex with two separate 2-bedroom units - all currently leased and generating income from day one. No vacancy guesswork. No renovation limbo. Just immediate cash flow. What makes this one especially smart? Built-in diversification. Instead of relying on a single tenant or single structure, you've got four doors working for you across three buildings. Spreading risk while multiplying income potential. The units are in solid condition with strong market rents already in place. Tenants benefit from walkable access to local trails, nearby bus transportation, off-street parking, and usable yard space. All features that consistently support rental demand. This isn't just "another duplex." It's a compact portfolio in one clean transaction. This acquisition presents a rare opportunity to secure multiple revenue streams within a single transaction. With four doors across three structures, investors gain both scale and diversification in one strategic purchase. An ideal addition for buyers seeking portfolio growth, steady cash flow, and an asset positioned in a consistently rentable location. Professional property management is already in place and can seamlessly continue with the new owner, making this a truly turnkey investment from day one. If you've been waiting to grow your doors without juggling multiple closings, this is your moment. Four doors. One decision. Smart move.
MLS® Number22086237
Laundry LevelConnections Some
Central VacNo
FireplaceNo
Acreage0.34
Exterior
GarageNo
Approx. Age1900
Basement
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 1, 2026List Date
$489,000List Price
Jun 29, 2023End Date
$399,000Sold Price

Sold

Jun 4, 2023List Date
$399,000List Price
  • Commute

Commute

Starting Address
Destination Address
1220 Iowa St, Columbus, IN

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