# 121 NW State Street, Ankeny, IA 50023

> **TL;DR:** 4bd/2ba residential multi family, $315,000 ($331/sqft), built 1971, 952 sqft.
> A/C. Est. $1,365/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $315,000 |
| Price/sqft | $331 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Square Feet | 952 |
| Year Built | 1971 |
| Lot Size | 9,801 sqft (0.23 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,365 |
| **Total** | **$1,365** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1971
- 0.23 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 121 NW State Street, Ankeny, IA 50023
- **County:** Polk
- **Coordinates:** 41.733114, -93.621216
- **Google Maps:** https://www.google.com/maps?q=41.733114,-93.621216

## Listing Agent

- **Name:** Stacie Holst
- **Brokerage:** RE/MAX Precision
- **Phone:** 5157200825
- **Email:** stacieholst@gmail.com

## Primary Photo

![121 NW State Street - Primary Photo](http://lh.rdcpix.com/592f80ee74dbc59ce8732e90ddb9ad13l-f3359090280r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/121-nw-state-street-ankeny-ia-50023-a742783)*

---

**MLS#:** 742783 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/121-nw-state-street-ankeny-ia-50023-a742783)

---

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