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4 Beds
2 Baths
1,520 sqft

$348,400

1201-1203 NW Linden Street, Ankeny IA, 50023

Price per sqft$229.21
Built in1976
Property size1,520 sqft
Property typeMulti-family

Overview

Active

Listed Oct 23, 2026

Updated 9h ago

Fantastic opportunity to own a well-maintained, income-producing duplex in Ankeny! This desirable investment property offers excellent rental income potential with significant improvements already completed, including a new roof in 2020, updated HVAC systems in 2021 and 2024, and egress windows in both units. Each spacious unit features 2 bedrooms, convenient in-unit laundry, a private one-stall detached garage, and a paved driveway. Both units also offer expansive unfinished lower-level furnace/storage rooms, providing abundant additional storage space. Unit 1201 features a private patio, perfect for outdoor relaxation. Investors will appreciate the separately metered gas, electric, and water utilities, all paid directly by tenants, helping minimize owner expenses and simplify property management. Currently owner-managed, the property offers established rental income with one unit occupied and the other vacant, providing an excellent opportunity for an owner-occupant or investor to secure a new tenant. With major updates completed, separate utilities, garage parking for each unit, and attractive income potential, this Ankeny duplex is an exceptional addition to any investment portfolio! Don’t miss this fantastic opportunity!

$2,318/mo

Est. mortgage payment based on a $348,400 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
751778

Interior Features

Bedrooms
4
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Taxes
$4,545
Tax Frequency
Annually
Garage
Yes

 

Courtesy of RE/MAX Concepts, Stephanie Thomas,
Listing Contact: (515) 771-7788 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Steward Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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