1220 Iowa Street, Columbus, IN 47201

Property Description

Attention investors - this is the kind of opportunity that makes you sit up a little straighter. One lot. Four rental units. One streamlined purchase. This income-producing package includes two single-family homes (each 2 bed | 1 bath) plus one duplex with two separate 2-bedroom units - all currently leased and generating income from day one. No vacancy guesswork. No renovation limbo. Just immediate cash flow. What makes this one especially smart? Built-in diversification. Instead of relying on a single tenant or single structure, you've got four doors working for you across three buildings. Spreading risk while multiplying income potential. The units are in solid condition with strong market rents already in place. Tenants benefit from walkable access to local trails, nearby bus transportation, off-street parking, and usable yard space. All features that consistently support rental demand. This isn't just "another duplex." It's a compact portfolio in one clean transaction. This acquisition presents a rare opportunity to secure multiple revenue streams within a single transaction. With four doors across three structures, investors gain both scale and diversification in one strategic purchase. An ideal addition for buyers seeking portfolio growth, steady cash flow, and an asset positioned in a consistently rentable location. Professional property management is already in place and can seamlessly continue with the new owner, making this a truly turnkey investment from day one. If you've been waiting to grow your doors without juggling multiple closings, this is your moment. Four doors. One decision. Smart move.

Listing Status:

Pending

Data Last Updated:

April 5, 2026 at 2:18AM

Listing Office:

CENTURY 21 Scheetz : 812-343-2507

Listing Agent:

Laura McGurk : 812-343-2507

MLS ID:

22086237

Interior

• Laundry: Connections Some

Exterior

• Style: Traditional
• Parking: Alley AccessGravel

Construction

• General: One

Location

• Road/Access: FrontageRdCity Street
• HOA Amenities: Large Back Yard
• Originating MLS: mibor
• School District: Bartholomew Con School Corp
• County: Bartholomew

Lot

• Zoning: 3 family dwellLots 17 & 18 - Swengel's 2nd Addition039619130004100005
• Current Use: Comm Mul Ten

Financial

• Source: mibor