Coldwell Banker – Martin, Miller Lamb Real Estate

Save
Ask
Tour
Hide
Share
$489,000
10 Days On Site

1220 Iowa Street
Columbus, IN 47201

For Sale|Quadruplex|Pending
0
Beds
0
Total Baths
1900
Built
Subdivision:
Central Park
County:
Bartholomew
Listing courtesy of CENTURY 21 Scheetz (812) 343-2507
Call Now: 812-346-5881
Is this the listing for you? We can help make it yours.
812-346-5881
1220 Iowa Street1220 Iowa Street1220 Iowa Street1220 Iowa Street
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$2,231
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$489,000
Days On Site 
10 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.34 Acres
Year Built 
1900
MLS® Number 
22086237
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 hours agoStatus changed to Pending
3 hours agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.34
Carport 
2
Levels 
One
Parking 
Alley AccessGravelGuestCoveredOn StreetUnpaved
Property Sub Type 
Quadruplex
Security 
Smoke Detector(s)
Style 
Traditional
Zoning 
3 family dwell
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Vinyl Siding
Lot Features 
Corner Lot
Road Frontage 
City Street
Community Features
MLS Area 
314 - Bartholomew - Columbus West
Roads 
Asphalt
School District 
Bartholomew Con School Corp
Township 
Columbus
Schools
School District
Bartholomew Con School Corp
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of CENTURY 21 Scheetz (812) 343-2507



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-03-11 10:49 PM UTC. 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.

Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share