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    601 N 1St St Indianola, IA 50125

    New
    Pending
    For Sale
    $169,900

    MULTI_FAMILY - Other - Indianola, IA

    Property size:
    1,524 SF
    Lot size:
    0.17 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 601 N 1St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-2
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Basement, Bathroom 2, Bedroom 2
    Bedrooms
    4
    Bathrooms
    2
    APN
    48140350050
    Size
    1,524 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    2
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Innovations Real Estate Inc. (515) 962-5555 [email protected]

    Listing agent Misty Darling (515) 962-5555

    Listing date Dec 10, 2025

    MLS# 719413 Listing URL

    Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Duplex Near Simpson College

    This income-producing property features two well-maintained units. The main-level unit includes 2 bedrooms, 1 bath, a large kitchen, a spacious living room, and basement access. The upper-level unit features 1 bedroom, 1 bath, and a kitchen with storage. Both units have private entrances and in-unit laundry. The property is located near Simpson College and Indianola Square, with convenient access to Hwy 65/69, shopping, and dining. Situated on a 0.17-acre lot, the property provides ample off-street parking and future building opportunities for additional income potential. The property size is 1524 square feet. The zoning is R-2. The property is fully rented and offers steady cash flow. Seller financing is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.559996
    Latitude
    41.365806

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    FAQs

    What type of property is this?
    Duplex - Fully rented duplex near Simpson College with income potential.
    Where is this duplex located?
    The property is located at 601 N 1St St Indianola, IA.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: - Fully rented, income-producing property with steady cash flow.; - Seller financing available.; - Large lot with future building opportunities for additional income potential.
    (515) 962-5555
    Request Owner's contact information
    601 N 1St St Indianola, IA 50125
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    Indianola, IA 50125
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 N 1St St Indianola, IA 50125
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