This prime investment property in Indianola offers a fantastic opportunity for buyers looking to expand their portfolio with a multi-unit rental. Located directly across from Simpson College and Buxton Park, this well-maintained parcel includes an 11-unit apartment complex alongside a spacious duplex, making it an attractive option for investors. The apartment building consists of nine two-bedroom, one-bath units and two one-bedroom, one-bath units, many updated throughout the years. Tenants have access to a convenient community laundry room, and off-street parking is also available. The duplex features two units, one with two bedrooms and one bath, and one with 3 bedrooms and 2 baths, offering additional rental possibilities. With its strategic location near Simpson College, the property experiences strong rental demand from students and faculty, ensuring consistent occupancy. Situated near Buxton Park, tenants can enjoy easy access to green spaces and walking trails, adding to the appeal of the residence. Additionally, the property is just minutes from downtown Indianola and various local amenities, making it a well-rounded choice for renters.
Sold for $635,000 on 07/25/25
$635,000
606 & 610 N Buxton St, Indianola, IA 50125
24beds
2,040sqft
Multi Family, Apartment
Built in 1900
-- sqft lot
$639,600 Zestimate®
$311/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 25, 2025 at 01:00pm
Listed by:
Kilpatrick, Jon (515)418-1896,
RE/MAX Precision
Bought with:
Tanner Loyd
Iowa Realty Indianola
Source: DMMLS,MLS#: 719671
Originating MLS: Des Moines Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 13
- Full bathrooms: 13
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Dryer, Refrigerator, Stove, Washer
- Laundry: Main Level
Features
- Flooring: Carpet, Laminate
- Basement: Daylight
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
- Finished area below ground: 0
Property
Lot
- Size: 0.40 Acres
- Dimensions: 115.0 x 150.0
Details
- Parcel number: 48140340020
- Zoning: M
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Frame
- Foundation: Block
- Roof: Asphalt,Rubber,Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & neighborhood
Community
- Community features: Laundry Facilities
Location
- Region: Indianola
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete