1220 Iowa Street, Columbus, IN 47201

Building Details

Year built

1900

Floors in Building

1

Number of units

4

Building materials

Vinyl Siding

Architectural style

Other

Listing agent Laura McGurk License #RB19002113 Show Phone

Listing office CENTURY 21 Scheetz G***@C21Breeden.com Washington St 700, Columbus, IN Show Phone

Listing date Mar 1, 2026

Report an issue

MLS# 22086237 Listing URL

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This for-sale residential income package includes one lot with four rental units across three structures. The mix consists of two single-family homes, each offering 2 bedrooms and 1 bathroom, plus one duplex containing two separate 2-bedroom units. The units are described as currently leased, and the property is noted as being in solid condition.

The property is located at 1220 Iowa Street in Columbus, Indiana 47201, in zoning identified as a “3 family dwell.” Tenants benefit from off-street parking and usable yard space. The remarks also reference walkable access to local trails and nearby bus transportation.

For investors seeking a compact portfolio in a single transaction, this configuration provides multiple rental doors within three buildings rather than concentrating all units in one structure. With units currently leased, an owner can potentially transition with existing tenancy and continue using professional property management referenced in the remarks.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

• Map
• Local Demand

City

Columbus

County

Bartholomew

State

Indiana

Longitude

-85.901733

Latitude

39.210953

Nearby Similar for Sale

• 

  $1,012,000

  9,100 SF

  Columbus, IN Investment Opportunity

  NNN leased Dollar General with long-term commitment and minimal landlord responsibilities.

  9620 N U.s Highway 31, Columbus, IN 47201

  View Details
• 

  $1,100,000

  6,021 SF

  5-Unit Strip Center with Parking

  Fully occupied 5-unit strip center in Columbus with front parking, corner access, and strong street exposure.

  808 3rd Street, Columbus, IN 47201

  View Details
• 

  $389,900

  3,702 SF

  Multi-Family Investment Property

  Five-unit income property near downtown Columbus, Indiana.

  1105 17th Street, Columbus, IN 47201

  View Details
• 

  $399,900

  Historic Craftsman 5-Unit Building

  Five-unit multifamily property with separate utilities, offered for sale in Columbus’ downtown area.

  929 Franklin Street, Columbus, IN 47201

  View Details
• 

  $1,700,000

  Automotive Repair and Tire Facility

  Industrial shop building configured for multi-lift vehicle service and tire replacement with expansion-ready bay space.

  2660 Hawcreek Boulevard, Columbus, IN 47201

  View Details
• 

  $950,000

  10,800 SF

  Leased Retail Shopping Center

  A fully occupied retail shopping center with 40 parking spaces and a diverse tenant mix along State Road 46.

  3550 West 2 Mile House Road, Columbus, IN 47201

  View Details
• 

  $1,650,000

  Flex Warehouse for Sale

  GPS-friendly flex warehouse property offering warehouse and office space for adaptable industrial operations.

  3930 W 700 N, Columbus, IN 47201

  View Details
• 

  $149,900

  Mixed-Use Investment Opportunity

  Two income-producing properties: residential and commercial lot.

  2060 State Street, Columbus, IN 47201

  View Details
• 

  $1,495,000

  9,400 SF

  Two Mile House Investment Opportunity

  Two commercial condominium units for sale with long-term tenants.

  3528 W Two mile house Rd, Columbus, IN

  View Details
• 

  $89,000

  Two-Unit Residential Property

  Two-unit residential property for sale in Columbus with Residential zoning, offering a straightforward ownership opportunity.

  924 & 926 Pearl Street, Columbus, IN 47201

  View Details
• 

  Contact for pricing

  5,150 SF

  Columbus Office Building For Sale

  Office building on 1.67 acres suitable for medical or office.

  2753 Fox Pointe Dr, Columbus, IN 47203

  View Details

FAQs

What type of property is this?

Multifamily property - Four currently leased rental units on one lot, comprising two single-family homes and a two-unit duplex.

Where is this multifamily property located?

The property is located at 1220 Iowa Street Columbus, IN.

What is the asking price?

The asking price for this property is $489,000.

What are key features of this property?

This property features: Four rental units across three buildings: two single‑family homes (each 2 bed/1 bath) plus one duplex with two separate 2‑bedroom units; All units are currently leased and generating rental income; Professional property management is already in place and can continue with the new owner