# 104 E Boston Ave, Indianola, IA 50125

> **TL;DR:** multi-family, $205,000 ($115/sqft), built 1900, 1,776 sqft. Est. $888/mo. Listed 91 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $205,000 |
| Price/sqft | $115 |
| Square Feet | 1,776 |
| Year Built | 1900 |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 91 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $888 |
| **Total** | **$888** |

## Property Highlights

- Built in 1900
- 2 stories

## Description

### Agent Description
Five-Unit Investment Property Near Indianola Town Square Excellent opportunity to acquire an income producing property in a prime location near the Indianola town square. This 5 unit conversion property features a desirable unit mix including 4 studio apartments, and a 1 bedroom + 1 bath apartment. The two upstairs units can be considered as one unit if one wanted to run the property as a 4 unit rental space. The property's efficient layout supports low-maintenance ownership, while its close proximity to the town square provides tenants with convenient access to shopping, dining, entertainment, and community events. The walkable location enhances long-term occupancy and rental appeal. Ideal for investors seeking steady cash flow and portfolio growth, this property presents a solid opportunity. At full occupancy, current net income after all expenses-including utilities, insurance, and property taxes-is approximately $2,000 per month, or $24,000 annually (+/-), representing an estimated 11.7% net annual ROI. This return does not include potential property value appreciation.

## Location

- **Address:** 104 E Boston Ave, Indianola, IA 50125
- **County:** Warren
- **Coordinates:** 41.362522, -93.560439
- **Google Maps:** https://www.google.com/maps?q=41.362522,-93.560439

## Listing Agent

- **Name:** Cody Skinner
- **Brokerage:** Iowa Land Company Real Estate LLC
- **Phone:** 5154436343
- **Email:** cody@iowalandcompany.com

## Primary Photo

![104 E Boston Ave - Primary Photo](http://lh.rdcpix.com/d0ebcdcd72553f0d57d9bff6a5fdd504l-f1247576218r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/104-e-boston-ave-indianola-ia-50125-6334722)*

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**MLS#:** 6334722 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/104-e-boston-ave-indianola-ia-50125-6334722)

---

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