$4,950,000

1006 Oakcrest St Iowa City, IA 52246

Estimated payment $32,289/month

Total Views 6,252
8 Beds
4 Baths
33,696 Sq Ft
$147 Price per Sq Ft

Highlights

  • Living Room
  • West High School Rated A
  • Property is near a bus stop

About This Home

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 coin operated machines onsite. Sale is subject to Seller completing a 1031 tax differed exchange. Pre-Approved / Qualified Buyers Only! Owner is a licensed Realtor in the state of Iowa.

Listing Agent

Tracy Barkalow

Barkalow & Associates, Realtors Listed on: 04/30/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 33,696 Sq Ft Home
  • Elevator
  • Living Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Horn Elementary School
  • Northwest Middle School
  • West High School

Utilities

  • Heating System Uses Gas
  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Internet Available

Additional Features

  • Stepless Entry
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 1016279003

Community Details

Overview

  • 36 Units
  • Terrace Hill Subdivision

Building Details

  • Gross Income $505,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: 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 coin operated machines onsite. Sale is subject to Seller completing a 1031 tax differed exchange. Pre-Approved / Qualified Buyers Only! Owner is a licensed Realtor in the state of Iowa.
  • Year Built: 1984
  • Zero Step Entry: Yes
  • Tax Year Report: 2023
  • Subdivision: Terrace Hill
  • Rental Permit: Yes
  • Directions: Melrose Avenue to Sunset to Oakcrest Street property located behind Oaknoll Retirement Community
  • Aging In Place Form: No
  • Amenities: Sidewalks, Street Lights, On Bus Line
  • Basement Remarks: Full, Walkout
  • Possession R: Negotiable, At Closing
  • Possible Finance R: 1031 Exchange, Cash, Conventional, See Other Remarks
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Microwave
  • Elevators: Yes
  • Sq Ft Above: 33696
  • Lower Level Sq Ft: 11232

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Window/Wall Units, Gas, Radiant

Condo/Co-op/Association

  • Fees Include: None

Schools

  • Elementary School: Horn
  • Middle School: Northwest
  • High School: West
  • High School: West
  • Jr Middle School: Northwest
  • Elementary School: Horn

Lot Info

  • Geo Subdivision: IA
  • Zoning: Multifamily

Tax Info

  • Gross Tax County City: 55936
  • Assessor Parcel Number: 1016279003

Multi Family

  • Units Total: 36

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $1,050 0.0% $1 / Sq Ft
04/30/2025 04/30/25 For Sale $4,950,000 0.0% $147 / Sq Ft
01/31/2025 01/31/25 Price Changed $1,150 +9.5% $1 / Sq Ft
10/09/2024 10/09/24 For Rent $1,050 0.0% --
05/30/2024 05/30/24 Price Changed $1,050 +5.5% $1 / Sq Ft
05/28/2024 05/28/24 Price Changed $995 -13.5% $1 / Sq Ft
03/20/2024 03/20/24 Price Changed $1,150 +9.5% $1 / Sq Ft
02/19/2024 02/19/24 Price Changed $1,050 -8.7% $1 / Sq Ft
02/02/2024 02/02/24 Price Changed $1,150 +9.5% $1 / Sq Ft
10/12/2023 10/12/23 Price Changed $1,050 0.0% $1 / Sq Ft
10/12/2023 10/12/23 For Rent $1,050 +10.5% --
06/07/2022 06/07/22 For Rent $950 0.0% --
05/18/2022 05/18/22 For Rent $950 0.0% --
03/01/2019 03/01/19 Sold $3,300,000 +3.1% $98 / Sq Ft
12/30/2018 12/30/18 Pending -- -- --
12/28/2018 12/28/18 For Sale $3,200,000 -- $95 / Sq Ft
Source: Iowa City Area Association of REALTORS®

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202502864

Iowa City Area Association of REALTORS®

Iowa Johnson County Iowa City 52246

1006 Oakcrest St, Iowa City, IA

This home is located at 1006 Oakcrest St, Iowa City, IA 52246 and is currently priced at $4,950,000, approximately $146 per square foot. This property was built in 1984. 1006 Oakcrest St is a home located in Johnson County with nearby schools including Ernest Horn Elementary School, Northwest Junior High School, and West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

Nearby Homes
Tracy Barkalow
Listing Agent
Tracy Barkalow
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Barkalow & Associates, Realtors
(319) 250-4789