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$205,000

For Sale

2 months ago

104 E Boston Ave, Indianola, IA

Condo

MLS® 6334722

0 Bed

0 Bath

1776 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 1776 sqft
Garage Yes
HOA Fees 
Taxes $2,690
Days Active 66
Approx. Age 1900
Avg. Price Per Sqft $115
MLS® Number 6334722

Property Address: 104 E Boston Ave, Indianola, IA, 50125-1878

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

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 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.
MLS® Number6334722
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1900
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 9, 2026List Date
$205,000List Price
  • Commute

Commute

Starting Address
Destination Address
104 E Boston Ave, Indianola, IA

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