$3,850,000
- 16,128 Sq Ft
732,736,740 Michael St, Iowa City, IA 52246

Matthew Lepic
LEPIC-KROEGER CORRIDOR, REALTORS
(319) 725-2048
$3,850,000
732,736,740 Michael St, Iowa City, IA 52246
Matthew Lepic
LEPIC-KROEGER CORRIDOR, REALTORS
(319) 725-2048
$465,000
813 Westwinds Dr Unit 1-4, Iowa City, IA 52246
This well-maintained 4-plex on the west side of Iowa City offers a strong foundation with room to grow. Each of the four units features 2 bedrooms and 1 bathroom with a functional layout, dedicated off-street parking, and in unit laundry. Historically, the property has seen very low vacancy rates due to proximity to the University of Iowa, UIHC, and convenient access to shopping, dining, and bus
Teague Case
Westwinds Real Estate Services, Inc.
(319) 321-6824
$3,850,000
732,736,740 Michael St, Iowa City, IA 52246
42 multifamily units are available, comprising 3 buildings with 14 units each. There are 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018, and various improvements have been made to the units, including new carpet, updated kitchens, and new tubs in many of the units. The property is conveniently located near UIHC and the West University of Iowa campus, within
Matthew Lepic
Lepic-Kroeger, REALTORS
(319) 220-3494
$460,000
2431 Catskill Ct, Iowa City, IA 52245
Excellent investment/income property available in a quiet neighborhood. The seller has made numerous improvements/updates since purchasing the property and both units are truly ready to be rented immediately. New AC and furnace in both units July 2022. Great rental history for both units. Lots of living space in a very popular 2-story layout, with generous-sized bedrooms, a living room and family
Shaner Magalhaes Urban Acres Real Estate Corridor
$329,900
710 Kirkwood Ave, Iowa City, IA 52240
2 Houses on One Lot! Larger house is currently a up/down duplex with but could easily be changed back into 6 bedrooms home! Upper unit has 4 bedrooms, 1 bath, kitchen and dining area. Lower level unit has 2 bedrooms and 1 bath, kitchen and hardwood floors throughout. 2,422 square feet w/shared washer and dryer included. Blue Cottage house, 1,080 square feet, includes spacious living room, 2
Tracy Adams Edge Realty Group
$5,250,000
3701 Eastbrook St, Iowa City, IA 52245
Tiffany Earl-Williams SKOGMAN REALTY COMMERCIAL
$8,800,000
307 S Linn St Unit 60 units, Iowa City, IA 52240
60 Multifamily units for sale with 2 - 2,500sqft commercial space and 36 paid underground parking spaces in the heart of Downtown Iowa City. There are 2 towers that have 30 units each in total there are 54 - 2 bedroom, 1bath units - And 6 - 1 bedroom, 1 bath units. This unique property has 6 different floor plans. Top floor units have vaulted ceilings with some units that have a spiral
Mitch Price Urban Acres Real Estate
$1,175,000
645 S Lucas St, Iowa City, IA 52240
Each unit in this 8 plex has 4 beds and 2 baths. Total rents are $10,350 for the 24-25 term, some vacancies remain for the 25-26 term. Large concrete parking lot in rear of building.
Jeff Edberg Lepic-Kroeger, REALTORS
$1,300,000
711 E Burlington St, Iowa City, IA 52240
INVESTOR ALERT! 10 unit apartment building for sale on University of Iowa Campus & Downtown Iowa City! Fully leased with student housing! This property has a mix of Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom and 4 Bedroom apartments. Off Street parking lot! Onsite laundry room! Tenants pay all utilities! All showings are subject to Tenants rights need at least 24 hour notice to show.
Tracy Barkalow Barkalow & Associates, Realtors
$5,650,000
902 N Dodge St, Iowa City, IA 52245
Investor Alert! 41 Apartments in Iowa City Iowa For Sale! Prime Location On University of Iowa Campus! Great Rental History! Updated Apartments Including New Kitchen Cabinets with Stainless Appliances! Updated Bathrooms, Updated White Doors & Trim! Onsite Laundry! Tenants Pay All Utilities! Great Location Walkable To Downtown Iowa City & Easy Access to University of Iowa Campus! On Bus Routes!
Tracy Barkalow Barkalow & Associates, Realtors
$4,950,000
1006 Oakcrest St, Iowa City, IA 52246
36 Unit Apartment Complex For Sale! Prime Location Close to University of Iowa Hospitals & Clinics! 34 Two Bedroom & 2 One Bedroom Apartments. This location offers elevator, underground garage parking, patio/balcony in each apartment. Tenants pay all utilities. Building is close to U of I Hospital, U of I Law, Pharmacy, Dental & Kinnick! Public transportation in front of building. Brand new
Tracy Barkalow Barkalow & Associates, Realtors
$270,000
415 Church St, Iowa City, IA 52245
New Price on this great opportunity to INVEST in this charming home with character to spare! Leases signed until end July 2026 & extra parking INCOME too. History is key in this cute & functional home close to downtown Iowa City with many stories to tell since it is part of the ORIGINAL town of Iowa City.... Large yard surrounds this sunny up/down duplex. Tenant pays utilities - gas & electric
Kathryn Fobian Edge Realty Group
$1,165,000
350 Cayman St, Iowa City, IA 52245
What an opportunity! Eight unit building that are condos - property tax savings and ability to sell individually! Built by owner in 1993 and managed by same. No sprinkler system and no fireplaces. Building has SIX total garages of varying sizes. Two would fit three cars. Many recent updates include: nearly all lights replaced in unit and halls with LED. All flooring in units have been replaced
Le Ann Dunne Lepic-Kroeger, REALTORS
$699,000
826 Page St, Iowa City, IA 52240
GREAT investment property just south of downtown area with easy access. Built by owner in 1983 on a quiet tree-lined street. Four units on two parcels (826-828: 1015180003 and 832-834:1015180004). One unit (834) has had a high-end remodel in recent years including wood floors in the kitchen, living room and hallway. Tile in the bathrooms and carpet in the bedrooms. Stainless steel appliances.
Le Ann Dunne Lepic-Kroeger, REALTORS
$1,675,000
730 Michael St, Iowa City, IA 52246
Nestled conveniently near Kinnick & UIHC. Built in 1983 by the current owner. 11 units- one is 3 BR/2BA. All units fully remodeled w/wood type floor, tile bathrooms, carpet in bedrooms, cabinets, countertops, plumbing fixtures, doors & millwork, electrical, stainless steel appliances & newer windows. New LED lights-units & common hallways. Newer coin ops laundry. Remodeled common hallways, doors,
Le Ann Dunne Lepic-Kroeger, REALTORS
$975,000
625 E Burlington St, Iowa City, IA 52240
Well maintained fully leased 9 unit apartment complex for sale. Currently fully leased through end of July 2026 school year with rent increases. This is a prime location Downtown Iowa City on the University of Iowa Campus. Walkable to class for Tenants. on bus routes, onsite laundry, and Tenants pay all utilities. Each apartment is a separate unit with separate kitchen and bathroom in each unit.
Tracy Barkalow Barkalow & Associates, Realtors
$1,200,000
1100 Oakcrest St Unit A-M, Iowa City, IA 52246
Investment Opportunity! This well-maintained 12-unit apartment building in a prime Iowa City location offers excellent rental potential. Featuring eleven 2-bedroom units and one 1-bedroom unit, this property is ideal for tenants seeking convenience and comfort. Each unit includes spacious living areas, well-equipped kitchens, and ample storage. A shared laundry room provides added convenience.
Travis Gaule Skogman Realty Co.
$359,000
841 S Summit St, Iowa City, IA 52240
Picture-Perfect, gentle 1939 charmer glows with tender loving care. Delicately upgraded keeping original woods, 2 bedrooms 2 baths total. Sunny & bright rental. Both units have hardwood floors, 1 bedroom, 1 bath, 1 car garage, basement and laundry. You'll adore the light & airy sun rooms, nice backyard, ornate iron fence, live in it yourself or rent it out, either is easy. Character & income call
Wendy Fountain Sellers & Seekers Real Estate
$6,750,000
1100 Arthur St, Iowa City, IA 52240
NEW PRICE! This is a 100-unit cooperative project with all units leased out. 66 are one bedroom with 575 SF & 34 are two bedroom with 800 SF. The building is a quadrangle style with grassy area in the middle. There are separate laundry rooms for extra income & two basement areas with storage units for the tenants. The parcel is 3.765 acres & has approximately 100 parking spaces & bus service
Jeff Edberg Lepic-Kroeger, REALTORS
$2,300,000
716 N Dubuque St, Iowa City, IA 52245
Rare investment opportunity - 21 room boarding house currently leased to a fraternity, leased through the grand chapter. Tenant is responsible for all maintenance, except for boiler and roof. Boiler was replaced December 2024. Owner is responsible for up to $1,100 in utility expense, unless fully occupied - Currently at full occupancy. There are 6 years left on the 10-year Lease Agreement.
Tyler Riddle Lepic-Kroeger, REALTORS
$1,450,000
1014 Oakcrest St, Iowa City, IA 52246
INVESTOR ALERT! Location! Location! Location! 12 Plex on West U of I Campus For Sale! All two bedroom units. This building is a great location for grad students, walkable to Law, Dental, Pharmacy, UIHC & Kinnick Stadium. Each of these apartments have central heat and central air & separate meters for Gas & Electric. Water is on one meter billed back to Tenants. Serious Pre-Qualified Buyers Only.
Tracy Barkalow Barkalow & Associates, Realtors
$339,900
1339 Dolen Place, Iowa City, IA 52246
Opportunity knocks with this duplex rental property fully leased through May 2026, rental permit and ready for new landlord. This property is apart of a 1031 exchange and has great rental history. The discerning investor will love the location and how close it is to the university of Iowa hospitals and clinics. Close to bus stop, shopping and parks. Great schools and yes close to I-80.
Gwen Johnson Skogman Realty Co.
$3,000,000
302 E Bloomington St, Iowa City, IA 52245
Wonderful opportunity to own an iconic incomer/business property in NEAR NORTHSIDE Neighborhood of Iowa CIty. 2 long time commercial tenants, and 16 apartments. Always fully rented. Downtown location. PIZZA and LAUNDROMAT are Tenants and are NOT CLOSING!!! ** This property has recently been added to the Iowa CIty Historical list. A 'Historical Overlay' is now in place. This affords several
Rex Brandstatter RE/MAX Affiliates
$215,000
837 Maggard St, Iowa City, IA 52240
Great investment opportunity! 2 unit duplex with close proximity to downtown Iowa City! First floor unit is a large one bedroom and upstairs unit is an open studio floor plan with large deck. Also features off street parking in the back. Both are currently tenant occupied. Very close to both Kirkwood Campus and U of I Campus, as well as nightlife, shopping, and dining! 24hr notice for all
Grace Laubenthal Lepic-Kroeger, REALTORS
$340,000
841 Maggard St, Iowa City, IA 52240
Great investment opportunity close to both the University of Iowa and Kirkwood Community College. This duplex offers two separate units—841 features a one-bedroom, one-bathroom layout, while 845 includes three bedrooms, two bathrooms, and an oversized two-car garage. The property sits at the end of the street and provides both on-street and off-street parking options. Tenants are responsible for
Grace Laubenthal Lepic-Kroeger, REALTORS
$395,000
1011 Hudson Ave, Iowa City, IA 52246
Nestled near Downtown Iowa City, this charming 4-unit investment property offers a unique opportunity. Each unit boasts modern amenities while retaining its original charm, appealing to tenants seeking both comfort and character. The property's prime location ensures easy access to downtown attractions, educational institutions, and vibrant cultural scenes, making it a desirable choice for
Jill Hartke CENTURY 21 Signature Real Estate
$270,000
415 Church St, Iowa City, IA 52245
Kathryn Fobian Edge Realty Group, Inc
Iowa City's cultural scene centers around the historic Old Capitol Museum and University of Iowa Pentacrest, where students and residents gather on the sprawling lawns. The Hancher Auditorium hosts performing arts events, while the independent FilmScene and historic Englert Theatre showcase films and live performances. Literary landmarks include Prairie Lights Bookstore and the Iowa Avenue Literary Walk with its bronze panels celebrating authors. The downtown area features distinctive restaurants like Basta Pizzeria Ristorante serving Neapolitan pizzas and the Iowa Chop House known for farm-to-table steaks. Outdoor recreation thrives at Terry Trueblood Recreation Area and the unique Devonian Fossil Gorge.
The housing market includes diverse options across several neighborhoods. Single family homes in Manville Heights have a median price of $695,000, while College Hill and Longfellow areas show median prices of $328,700 and $329,900 respectively. The citywide median sale price is $315,000, with median townhome prices at $420,000. One-bedroom condos have a median price of $349,500, and two-bedroom condos list at $199,300.
The cost of living sits 7.1% above the national average. A family with school-age children needs approximately $117,000 annually to live comfortably, while renters should aim for $59,000. Property taxes in Johnson County stand at 1.57%, comparable to nearby Coralville but lower than Cedar Rapids at 1.66%. The public education system includes West Senior High School, rated A by Niche. Regina Catholic Education Center, also rated A, serves multiple neighborhoods. The University of Iowa maintains a significant presence in the community. Iowa City experiences four distinct seasons with summer temperatures averaging 75-85°F and winters ranging from 20-30°F.
On average, homes in Iowa City, IA sell after 43 days on the market compared to the national average of 52 days. The median sale price for homes in Iowa City, IA over the last 12 months is $310,000, up 5% from the median home sale price over the previous 12 months.
Home to the University of Iowa, Iowa City offers a mix of historic charm and student-friendly housing near downtown and campus.
In Iowa City, there are currently 27 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $215,000 to $8,800,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Iowa City is $323,750, while the average sale price is $355,789, offering insights into the local housing market. On average, multi-family homes spend 43 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Iowa City, IA.