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    Mixed-Use Building with Three Apartments
    Updated: May 12
    Mixed-Use Building with Three Apartments

    120 N Howard Street, Indianola, IA 50125

    $350,000
    2,400 sqft 0.10 AC lot
    Mixed‑use property at 120 N Howard St with one ground‑level commercial space and three upper apartments.
    Apartment mix: two 1‑bedroom units and one 2‑bedroom unit, each with kitchen, living room, and bathroom.
    Gross rent $3,325/month; bonus storage space is currently leased to a long‑term tenant.
    Separate utilities for each unit with tenants paying their own electric and gas; landlord pays water and trash and taxes.
    Brick construction with newer vinyl windows, electric baseboard heat, central air and window units, and rubber roof.
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    This listing looks promising.

    Here's a quick look at some key insights for

    120 N Howard Street, Indianola, IA 50125

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $31K
      Annual

    • Mortgage

      $116K
      Dec 2016

    • Last Sold

      Dec 2016
      $145K

    • Property Type

      Retail Stores
      Built 1900
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    Fully Occupied Triplex with Separate Meters
    Updated: Jun 30
    Fully Occupied Triplex with Separate Meters

    415 E Main Street, Montezuma, IA 50171

    $189,000
    2,798 sqft 0.20 AC lot
    Fully occupied 3‑unit triplex with monthly rent of $2,200; Main level $600 (1BR) and $700 (1BR); Upper level $900 (3BR).
    Owner and tenant costs: tenants pay their own utilities; owner pays mowing and snow removal.
    Unit updates within last 24 months: main floor kitchen updated in '26; upstairs shower, kitchen floor and paint in '26; new windows and renovated 3rd bedroom in upper unit.
    Each unit has a full bath, kitchen with owner‑owned appliances, its own electric meter, HVAC, and laundry hookups.
    Building has vinyl siding and a metal roof; forced‑air heating; public water; circuit breaker panels and updated windows.
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    Triplex Income Property with Garage
    Triplex Income Property with Garage

    403 S 4Th Avenue E, Lake Mills, IA 50450

    $109,900
    1,811 sqft 0.48 AC lot

    Three-unit triplex with two main-level apartments and a two-bedroom upper unit, plus a detached double garage.

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    Triplex Rental Property with Lake Views
    Triplex Rental Property with Lake Views

    41 Dewey Street, Arnolds Park, IA 51331

    $799,000
    0.32 AC lot

    Three distinct rental units, including a long-term tenant, with outdoor gathering space and lake views in Arnolds Park.

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    Occupied Triplex with Separate Entries
    Occupied Triplex with Separate Entries

    1006 Main St, Anita, IA 50020

    $120,000

    Three fully occupied apartments with separate meters, off-street parking, and independent entrances for tenant convenience.

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    Winfield Iowa Triplex with Shop
    Winfield Iowa Triplex with Shop

    203 E Ash Street, Winfield, IA 52659

    $135,000
    4,348 sqft 0.27 AC lot

    Triplex with shop near Iowa City, great investment opportunity.

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    Three-Unit Two-Story Income Property
    Three-Unit Two-Story Income Property

    402 W Hempstead Avenue, Fairfield, IA 52556

    $169,000
    2,256 sqft 0.11 AC lot

    Three-unit two-story residential income property with covered porch, hardwood floors, and separately metered utilities.

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    Former Bank Building with Apartments
    Former Bank Building with Apartments

    407 Main Street, Bedford, IA 50833

    $140,000

    A former bank building featuring a main-level fitness center and three upstairs apartments, plus updated building systems.

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    Three-Unit Residential Income
    Three-Unit Residential Income

    1006 Main St, Anita, IA 50020

    $120,000
    2,181 sqft 0.19 AC lot

    Three separate apartments with individual meters and entrances, currently fully occupied, plus off-street parking and a 2019 roof.

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    Grinnell Triplex with Income Potential
    Grinnell Triplex with Income Potential

    1221 Main Street, Grinnell, IA 50112

    $299,000
    2,891 sqft 0.28 AC lot

    Three-unit property in Grinnell, ideal for investors or owner-occupants.

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    Davenport Triplex with Detached Garage
    Davenport Triplex with Detached Garage

    1425 W 10th Street, Davenport, IA 52804

    $68,500

    Triplex income property with separate utilities, multiple bedrooms across three units, and a detached one-car garage.

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    Updated Triplex with Three Units
    Updated Triplex with Three Units

    518 S Helen St., Sioux City, IA 51106

    $207,000
    1,584 sqft 0.20 AC lot

    Triplex offers three updated units, with owner-paid water, sewer, and trash plus electric for the rear unit.

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    Grinnell Triplex Investment Opportunity
    Grinnell Triplex Investment Opportunity

    1604 5th Avenue, Grinnell, IA 50112

    $133,500
    2,435 sqft 0.35 AC lot

    Triplex near downtown Grinnell and college, great investment potential.

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    Fairfield Triplex Near Campus
    Fairfield Triplex Near Campus

    500 N Main Street, Fairfield, IA 52556

    $169,000
    3,276 sqft 0.20 AC lot

    Triplex near campus with income potential and separate utilities.

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    Fully Rented Triplex
    Fully Rented Triplex

    1215 FLOYD BLVD, Sioux City, IA 51104

    $230,000
    2,772 sqft 0.19 AC lot

    A well-kept, fully rented triplex with spacious, clean units and long-term tenants in Midtown Sioux City.

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    Triplex with Recent Window Improvements
    Triplex with Recent Window Improvements

    211 S 5th Street, Sac City, IA 50583

    $139,900
    0.25 AC lot

    Three-unit apartment property with new windows and partial unit remodeling, currently rented for steady income potential.

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    Updated Triplex in Des Moines
    Updated Triplex in Des Moines

    900 Morton Avenue, Des Moines, IA 50316

    $275,000
    2,013 sqft 0.15 AC lot

    Turnkey investment property with updated units and cash-flow potential.

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    Triplex with Detached Two-Car Garage
    Triplex with Detached Two-Car Garage

    527 Boone Street, Boone, IA 50036

    $215,000
    2,024 sqft 0.14 AC lot

    Well-maintained triplex in Boone offers central heating and air, updated exterior, and coin-operated laundry convenience.

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    Three-Level Tri-Plex Rental Property
    Three-Level Tri-Plex Rental Property

    215 Cedar Street, Story City, IA 50248

    $185,000
    1,552 sqft 0.26 AC lot

    Tri-plex with three separate units across three levels, with tenants paying utilities except water.

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    Fully Leased Triplex with Outbuilding
    Fully Leased Triplex with Outbuilding

    1901 S NICOLLET ST, Sioux City, IA 51106

    $275,000
    2,126 sqft 0.09 AC lot

    Three-unit rental setup with two 1-bedroom units and a renovated 2-bedroom unit plus a detached outbuilding.

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    Historic Triplex with Two-Car Garage
    Historic Triplex with Two-Car Garage

    222 S Main Street, Denison, IA 51442

    $350,000
    4,308 sqft

    Spacious historic income property with an unfinished basement and two-car garage, offering room to renovate and reconfigure.

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    Historic 3-Unit Income Property
    Historic 3-Unit Income Property

    672 19th Street, Des Moines, IA 50314

    $149,000
    4,737 sqft 0.17 AC lot

    Historic 3-plex built in the early 1900s, with a newer TPO roof and interior demolition ready for restoration.

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    Three Homes, One Great Investment
    Three Homes, One Great Investment

    2055 3rd Ave N, Fort Dodge, IA 50501

    $159,900
    586 sqft 0.17 AC lot

    Three updated homes, immediate cash flow, desirable location.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    420 N Grand Street, Chariton, IA 50049

    $180,000
    1,500 sqft 0.25 AC lot

    Three-apartment conversion multifamily property in Chariton, Iowa, with multiple rental units under one roof.

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    Iowa Triplexes Market Trends and Statistics

    Explore 48 triplexes for sale in Iowa, showcased through 48 active listings on our real estate platform. These investment opportunities span a total of 74,375 square feet of properties for sale, with an estimated market value of $7,025,300.

    Sale prices for three-family homes in Iowa start at $80,000, averaging $234,176, and reaching up to $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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