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    Norwalk, IA Ackworth, IA Prole, IA Milo, IA Palmyra, IA Martensdale, IA Saint Marys, IA Saint Charles, IA
    Triplex with Ground-Floor Commercial Space
    Updated: May 12
    Triplex with Ground-Floor Commercial Space

    120 N Howard Street, Indianola, IA 50125

    $350,000
    2,400 sqft 0.10 AC lot
    0.1033‑acre lot and 2,400 square feet total
    One ground‑floor commercial space with long‑term tenant of nearly 10 years
    Three apartments: two 1‑bedroom units and one 2‑bedroom unit
    Bonus storage space leased by a long‑term tenant
    Newer vinyl windows and electric baseboard heat; window unit(s) plus central air
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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

      6.2%
      Above avg (5.9%)

    • Est. NOI

      $22K
      Annual

    • Mortgage

      $116K
      Dec 2016

    • Last Sold

      Dec 2016
      $145K

    • Property Type

      Retail Stores
      Built 1900
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Indianola, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Triplex with Basement and Garage Apartments
    Triplex with Basement and Garage Apartments

    1221 Main Street, Grinnell, IA 50112

    $299,000
    2,891 sqft 0.28 AC lot

    Triplex features a main house plus a one-bedroom basement unit and a one-bedroom garage apartment.

    View details
    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    1604 5th Avenue, Grinnell, IA 50112

    $133,500
    2,435 sqft 0.35 AC lot

    Vacant income property with one apartment on each floor and off-street parking.

    View details
    Historic Triplex Ready for Restoration
    Historic Triplex Ready for Restoration

    672 19th Street, Des Moines, IA 50314

    $149,000
    4,737 sqft 0.17 AC lot

    The 1914 building carries R-HD zoning and public water and sewer service.

    View details
    Renovated Triplex Near Drake
    Renovated Triplex Near Drake

    1112 27th Street, Des Moines, IA 50311

    $300,000
    1,900 sqft 0.13 AC lot

    Three-unit property with updated kitchens, appliances, and major building systems.

    View details

    Indianola, IA Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Indianola, IA on our real estate platform. These investment opportunities span a total of 2,400 square feet of properties for sale, with an estimated market value of $350,000.

    Sale prices for three-family homes in Indianola, IA average $350,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Quadplexes 1
    Triplexes 1

    Demographics Overview

    Population 20K
    Population Growth (5Y) -1.7%
    Median Household Income $86,463
    College Educated 44.7%

    High-Yield Neighborhoods for Investment

    Identify Indianola submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50125 $350K

    Taxes & Financing

    Tax Rate (average for all types) 2.36%
    Property Tax per SF $35.69 per SF
    Tax Rate vs County Average 0.33 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Warren County

    New Delisted

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