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For sale
    • $140,000

    503 W 2nd Ave, Indianola, IA 50125

    3beds
    1,224sqft
    : 
    $1,035/mo
    Get pre-qualified
    Single Family Residence
    Built in 1900
    8,001 Square Feet Lot
    $-- Zestimate®
    $114/sqft
    $-- HOA

    What's special

    Here is a home or investment opportunity for less than $150,000! This as-is home is already producing rent with a long-term tenant so it is instant income for an investor. This 3-bedroom home also includes 2 garages on site that are not use by the tenant, so it comes with all the extra storage you may need. The water heater was replaced in 2023 and the furnace was new in 2022. Check this home out today. All information was obtained by the seller and public records
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jon Kilpatrick (515)418-1896,

    Realty ONE Group Impact

    Source: DMMLS,MLS#: 740651MLS LogoOriginating MLS: Des Moines Area Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bedrooms: 3
      Heating
      • Forced Air, Gas, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Refrigerator, Stove
      • Laundry: Main Level
      Features
      • Dining Area
      • Basement: Crawl Space
      • Has fireplace: No
      Interior area
      • Total structure area: 1,224
      • Total interior livable area: 1,224 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Detached, Garage, Three Car Garage
      • Garage spaces: 4
      Features
      • Stories: 1
      Lot
      • Size: 8,001 Square Feet
      • Dimensions: .27
      • Features: Rectangular Lot
      Details
      • Parcel number: 48860001370 and 48860001371
      • Zoning: R

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Metal Siding
      • Foundation: Block
      • Roof: Asphalt,Shingle
      Condition
      • Year built: 1900

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Indianola

      Financial & listing details

      • Price per square foot: $114/sqft
      • Tax assessed value: $112,400
      • Annual tax amount: $2,076
      • Date on market: 5/13/2026
      • Cumulative days on market: 72 days
      • Listing terms: Cash,Conventional
      • Road surface type: Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,764/mo

        Price history

        DateEventPrice
        7/29/2026Listed for sale$140,000$114/sqft
        Source: DMMLS #740651 Report a problem
        7/23/2026Pending sale$140,000$114/sqft
        Source: DMMLS #740651 Report a problem
        5/23/2026Listed for sale$140,000-3.4%$114/sqft
        Source: DMMLS #740651 Report a problem
        9/9/2025Listing removed$145,000$118/sqft
        Source: DMMLS #711905 Report a problem
        5/9/2025Price change$145,000-3.3%$118/sqft
        Source: DMMLS #711905 Report a problem
        3/26/2025Listed for sale$150,000$123/sqft
        Source: DMMLS #711905 Report a problem
        3/21/2025Pending sale$150,000$123/sqft
        Source: DMMLS #711905 Report a problem
        2/19/2025Listed for sale$150,000$123/sqft
        Source: DMMLS #711905 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,910 +1.3%$112,400 +6.8%
        2024$1,886 +2.5%$105,200
        2023$1,840 +1%$105,200 +21.8%
        2022$1,822 -0.2%$86,400
        2021$1,826 +1.9%$86,400 +5.6%
        2020$1,791 +2.7%$81,800
        2019$1,744 +9.5%$81,800 +6.1%
        2018$1,593 -4.5%$77,100
        2017$1,668 +7.2%--
        2016$1,556 --
        2015$1,556 --
        2014$1,556 $72,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 50125

        Getting around

        67 / 100
        Somewhat Walkable
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Indianola

        Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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