Multi-Family $ 315,000

121 NW State Street

Ankeny, IA 50023

  • 4 Beds
  • 2 Baths
    Full Baths: 2
  • 952 SqFt
  • 9,801 Lot Size
  • 1971 Year Built
Investment Opportunity in the Heart of Ankeny! This well-maintained duplex offers the ideal blend of immediate income potential & long-term appreciation. Located near Prairie Trail, Ankeny Uptown, Ankeny Blvd shopping & dining, plus nearby bike trails, parks, schools, aquatic centers & ball fields, this property is perfectly positioned for tenant appeal.

Major updates include a new roof (2025), new electrical panels on both sides, & 1 new water heater. Both units feature updated white trim & fresh neutral paint throughout, creating a clean, modern feel. Unit 121 boasts an updated kitchen, while both units offer spacious layouts designed for comfortable living.

Each unit features a walk-up basement with access to its own private patio space, along with dedicated private storage areas rarely found in duplex properties. The shared laundry/mechanical room is thoughtfully configured so each unit has its own washer & dryer, adding convenience without sacrificing efficiency.

Surrounded by mature trees in an established neighborhood, this property offers flexibility for investors & owner-occupants alike. One tenant is currently month-to-month, allowing you to set the rules—adjust rents, select your own tenant, owner-occupy one side, or implement your preferred management strategy. Turnkey opportunities with this combination of updates, location & flexibility are hard to find. All info from sellers and public information.
Listed by RE/MAX Precision

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 952 sqft

    Price per Sqft $330

    MLS Listing ID 742783

    Style Split-Foyer

    Bedrooms 4

    Full Baths 2

    HOA Y/N No

    Year Built 1971

    Annual Tax Amount $3,917

    Lot Size 9,801 Sqft

    Acres 0.225

  • Location

    State IA

    County Polk

    Area Ankeny

    Zoning R-2

  • Rooms

    Basement Finished

  • Building

    Lot Description Rectangular Lot

    Entry Level Multi/Split

    Foundation Block

    Water Public

    Level or Stories Multi/Split

  • Interior

    Interior Features Window Treatments

    Heating Forced Air, Gas

    Cooling Central Air

    Flooring Carpet, Laminate

    Furnishings Unfurnished

    Fireplace No

    Appliance Dryer, Microwave, Refrigerator, Washer

  • Exterior

    Parking Features Detached, Garage, Two Car Garage

    Garage Spaces 2.0

    Garage Description 2.0

    Roof Type Asphalt,Shingle

    Private Pool No

  • Schools

    School District Ankeny

  • Others

    Tax ID 18100392166001

    Monthly Total Fees $326

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

CONTACT

Stacie Holst
Stacie Holst

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