$209,000

402 W Ashland Avenue, Indianola, IA 50125

  • 4 beds |
  • 2 baths |
  • 2,112 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon6,752sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $99/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Opportunity awaits with this well-maintained up/down duplex featuring two 2-bedroom, 1-bath units and a blend of timeless character and modern updates. Looking for an investor looking to maximize rental income. The upper unit is leased through December 31, 2026 at $850, lower unit is rented July 1st at $1325 offering immediate cash flow. Built with classic early-1900s charm, this property showcases character you simply can't find in newer construction while benefiting from several important updates. The lower unit has been extensively improved with a remodeled kitchen, updated bathroom, and newer flooring, creating a fresh and inviting living space. All appliances in both units will remain with the property, making for a seamless transition for the next owner. Outdoor spaces are equally appealing, featuring a welcoming covered front porch perfect for relaxing and a low-maintenance composite rear deck overlooking the fully fenced backyard. Mechanical updates provide added peace of mind, including a newer mini-split system serving the upper unit and a new furnace installed for the lower unit. Whether you're looking to expand your investment portfolio or offset your housing expenses by living in one unit while renting the other, this duplex offers flexibility, income potential, and attractive updates in a charming package. Don't miss your chance to own this income-producing property with immediate occupancy available in the lower unit.

Listing Status:
Active
Date Added:
June 16, 2026
Data Last Updated:
July 26, 2026 at 5:18AM
Listing Office:
RE/MAX Results : (515) 348-1876
Listing Agent:
Justin Marshall : (515) 708-5817
MLS ID:
743150
  • A/C: Central Air
  • Heating: Forced AirGasNatural Gas
  • Style: Two Story
  • Roofing: AsphaltShingle
  • General: Wood Siding2Brick/MortarStone
  • Road/Access: Concrete
  • Originating MLS: DMAAR_DM
  • School District: Indianola
  • County: Warren
  • Zoning: RES25-76-24 JONES & WINDLES ADD E 5' LOT 10 & W 40' LOT 11 BLK 1248390120110
  • Water: Public
  • Sewer: Public Sewer
  • Source: DMAAR_DM

This listing courtesy of Justin Marshall , RE/MAX Results

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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