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    Indianola, IA
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    Milo, IA Norwalk, IA Prole, IA Carlisle, IA Saint Charles, IA Saint Marys, IA Martensdale, IA Des Moines, IA
    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
    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.

    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.

    View details
    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.

    View details
    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.

    View details
    Triplex with Central Foyer Access
    Triplex with Central Foyer Access

    1047 Martin Luther King Jr Parkway, Des Moines, IA 50314

    $150,000
    2,084 sqft 0.14 AC lot

    Three residential units share a central interior foyer for convenient, efficient access.

    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 start at $350,000, averaging $350,000, and reaching up to $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%

    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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