$1,095,000

350 Cayman St Iowa City, IA 52245

Washington Hills Neighborhood

Estimated payment $6,877/month

Total Views 2,645
8 Beds
4 Baths
930 Sq Ft
$1,177 Price per Sq Ft

Highlights

  • The community has rules related to allowing live work
  • Living Room
  • Central Air
  • City High School Rated A-
  • Property is near schools

About This Home

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 w/mostly tile and LVP. Units regularly painted. Stainless steel appliances added. Cabinet hardware replaced with brushed nickel. Decks repaired/stained, exterior doors replaced, HVAC serviced, all hall carpets cleaned, all deadbolts, lever passages, etc replaced with Schlage products and parking lot striped in 2023. All garage doors serviced in recent years. Roof replaced in 2010 and attic insulation added in 2022. Self-managed and easy to manage.

Listing Agent

Le Ann Dunne

Lepic-Kroeger, REALTORS Listed on: 09/22/2025

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 930 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Location

  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Lemme Elementary School
  • Southeast Middle School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 10124980001

Community Details

Overview

  • 8 Units
  • Jw Condos Subdivision
  • The community has rules related to allowing live work

Building Details

  • Insurance Expense $7,724
  • Maintenance Expense $6,555
  • Gross Income $123,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: 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 w/mostly tile and LVP. Units regularly painted. Stainless steel appliances added. Cabinet hardware replaced with brushed nickel. Decks repaired/stained, exterior doors replaced, HVAC serviced, all hall carpets cleaned, all deadbolts, lever passages, etc replaced with Schlage products and parking lot striped in 2023. All garage doors serviced in recent years. Roof replaced in 2010 and attic insulation added in 2022. Self-managed and easy to manage.
  • Year Built: 1993
  • Subdivision: JW Condos
  • Rental Permit: Yes
  • Directions: Take Court St east from 1st Ave. to Cayman St. Turn left on to Cayman St. Park in back of building. Turn is before Scott Blvd.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Street Lights, Close to School, Close to Shopping, On Bus Line, Live/Work, Other
  • Basement Remarks: See Remarks
  • Possession R: Negotiable, At Closing
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Microwave, Washer
  • Sq Ft Above: 930

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Gas, Central

Condo/Co-op/Association

  • Fees Include: None

Schools

  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Lemme

Lot Info

  • Geo Subdivision: IA
  • Zoning: condo

Tax Info

  • Assessor Parcel Number: 10124980001

Multi Family

  • Units Total: 8

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 List to Sale Price per Sq Ft
09/22/2025 09/22/25 For Sale $1,095,000 -- $1,177 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202505922

Iowa City Area Association of REALTORS®
Iowa Johnson County Iowa City 52245 Washington Hills

350 Cayman St, Iowa City, IA

For Sale

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

Nearby Homes
Le Ann Dunne
Listing Agent
Le Ann Dunne
Section Image
Lepic-Kroeger, REALTORS
(319) 500-4076