1220 Iowa St

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Baths
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per Sq. Ft.

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...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.
  1. Listed by Laura McGurk • CENTURY 21 Scheetz
    P: (812)-372-3766 thehousechicks@gmail.com

Property Details for 1220 Iowa Street

Architectural Style
Traditional
Subdivision Name
Central Park
Township
Columbus
Zoning
3 family dwell
LISTING UPDATED: 04/20/2026 11:42 AM

Property Details for 1220 Iowa Street

StatusClosed
MLS #22086237
Days on Market11
Taxes$3,947 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1900
Lot Size0.34 AC / 14,810 SF
CountyBartholomew County

Location

Listing Courtesy of CENTURY 21 Scheetz

Sold By RE/MAX Real Estate Prof

Add your commute

Building Information for 1220 Iowa Street

Stories-Residences4Year Built1900Building Size-Lot Size0.34 AC / 14,810 SF

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$2,962 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,304

Property Taxes

$658

HOA Dues

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Property Information for 1220 Iowa Street

Summary
Location and General Information
  • City: Columbus
  • County Or Parish: Bartholomew
  • Directions: GPS Friendly
  • Postal Code: 47201
  • Postal Code Plus4: 6055
  • Road Access: Not Applic
  • Road Frontage Type: FrontageRd, City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 039619130004100005
  • Semi Annual Property Tax Amt: 3947
  • Tax Exemption: None
  • Tax Year: 2025
  • TaxLot: 03-96-19-130-004.100-005
School Information
  • School District: Bartholomew Con School Corp
Owner
  • Owner Pays: No Utilities
Parking
  • Carport Spaces: 2.0
  • Garage Spaces: 0.0
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Current Use: Comm Mul Ten
  • Lot Description: Access, Corner Lot, Street Lights
  • Lot Size Square Feet: 15000.0
  • Lot Size Acres: 0.34
  • New Construction: False
  • Structure Type: Duplex,FreeStand
  • Year Built Numeric: 1900
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Lots 17 & 18 - Swengel's 2nd Addition
  • Photos Count: 9
  • Property Attached: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Buyer Financing: Other
Utilities
  • Building Utilities: Sewer,Water
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Basement YN: No
  • Levels: One
  • Laundry Features: Connections Some
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: Covered, Guest Parking, On Street, 1 Car Space, 2 Car Space, Unpaved
Income & Expenses
  • Expenses: 318
  • Gross Income: $42,000.00
Unit 1
  • Unit Kitchen: 10x15
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Lndry Conn,Range/Oven,Refrigerator
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 10x15
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Lndry Conn,Range/Oven,Refrigerator
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Kitchen: 15x11
  • Unit Levels: 1
  • Unit Miscellaneous: Dryer,Eat In Kitchen,Range/Oven,Refrigerator,Washer
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 4
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Miscellaneous: Dryer,Eat In Kitchen,Range/Oven,Refrigerator,Washer
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 1220 Iowa Street

DateEvent & SourcePriceAppreciation
Apr 16, 2026

Sold

MIBORMLS #22086237

$457,500—
Mar 11, 2026

Pending

MIBORMLS #22086237

—
Mar 1, 2026

Listed (Active)

MIBORMLS #22086237

$489,000—
DateEvent & SourcePrice
04/16/2026

Sold

MIBORMLS #22086237

$457,500
03/11/2026

Pending

MIBORMLS #22086237

—
03/01/2026

Listed (Active)

MIBORMLS #22086237

$489,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1220 Iowa Street

Taxable ValueLand$52,200Additions$298,800Total$351,000
Tax Record2024$7,895 ($658 / month)
Home Facts
Beds2Baths4Total Finished SqFt959 SqFtAbove Grade Finished SqFt959 SqFtStories1Lot Size15,000 SqFtStyleSingle Family ResidenceYear Built2010CountyBARTHOLOMEWAPN03-96-19-130-004.100-005

Schools near 1220 Iowa Street

This home is within Bartholomew Con School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Lillian Schmitt Elementary School
PublicPK to 6

Northside Middle School
Public7 to 8

Columbus North High School
Public9 to 12

Csa Fodrea Campus
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of CENTURY 21 Scheetz

Based on information submitted to the MLS GRID as of 04/20/2026 11:42 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.