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Indianola, IA Multifamily Homes & Duplexes for Sale

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  • /24

    $205,000

    • Studio
    • 2 Baths
    • 2,112 Sq Ft

    402 W Ashland Ave, Indianola, IA 50125

    24-hour notice to show is required. A lockbox will by front door, one key for the upstairs and one for the main level. Entrance to the basement is from the door directly across the front door. Upstairs Tenant signed new lease in May 2025. Current lease is a 12 month lease, with a 1 month termination clause. Tenant parking is located in the alley behind the home. There is also street parking. New

    Kasey Kliegl RE/MAX Concepts

    402 W Ashland Ave, Indianola, IA 50125
  • /23

    $174,900

    • Studio
    • 2 Baths
    • 1,524 Sq Ft

    601 N 1st St, Indianola, IA 50125

    Excellent investment opportunity near Simpson College and Indianola Square! This income-producing property features two fully rented units. The main-level unit offers 2 bedrooms, 1 bath, a large kitchen, spacious living room, and basement access. The second level unit includes 1 bedroom and 1 bath. Both units have in-unit laundry, providing added convenience for tenants. Oversized lot that

    Misty Darling BH&G Real Estate Innovations

    601 N 1st St, Indianola, IA 50125

Why Live in Indianola

Indianola, IA, the seat of Warren County, is a small city with a rich community-centered history dating back to 1849. Located approximately 17 miles south of Des Moines, it is a popular choice for commuters, with about 60% of residents traveling to the Des Moines metro area for work. The Indianola Community School District includes highly rated schools such as Irving Elementary School and Indianola Middle School. The city hosts notable attractions like The National Balloon Classic, a nine-day hot air balloon festival, and the Warren County Fair, which features carnival rides, music performances, and livestock shows. Indianola offers a variety of housing options, from new constructions and traditional brick homes on the southwest side to established ranch-style and split-level homes in the town center. Dining options are plentiful, with eateries like Brickhouse Tavern, Crouse Café, and The Groggy Dog located along Salem Avenue, Buxton Street, and Ashland Avenue. For everyday errands, residents have access to Hy-Vee, Walmart, Walgreens, and Dollar Tree on U.S. Highway 69. The city boasts several parks, including Memorial Park and Amphitheater, Buxton Park Arboretum, and the Indianola Veterans Memorial Aquatic Center. Indianola is safer than the national average, making it a practical choice for families and professionals alike.

Home Trends in Indianola, IA

Housing Trends

Median Sale Price
$296,000
Median Single Family Sale Price
$310,900
Median 2 Bedroom Sale Price
$215,400
Median Studio Sale Price
$190,000
Average Price Per Sq Ft
$214
Number of Homes for Sale
103
Last 12 months Home Sales
277
Months of Supply
4.50
Median List Price
$319,950
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
10%
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