$725,000

504 2nd Ave Coralville, IA 52241

Estimated payment $4,645/month

Total Views 1,718
8 Beds
4 Baths
2,244 Sq Ft
$323 Price per Sq Ft

Highlights

  • Living Room
  • Property is near schools
  • Heating System Uses Steam
  • West High School Rated A
  • Baseboard Heating

About This Home

6-plex Multi-family building with excellent rental history. 5 units are 748sf with 2 bdrm/1 bath and one off-street parking space. 1 Unit is 1 Bdrm/1 bath with several large closets. Close to IRL, U of I Hospitals and Kinnick as well as many restaurants, coffee shops and just a hop away from two major interstates. Close proximity to bus lines as well.

Listing Agent

Monica Hayes

Lepic-Kroeger, REALTORS Listed on: 07/15/2025

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 2,244 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Location

  • Property is near schools
  • Property is near shops

Schools

  • Central Elementary School
  • Northwest Middle School
  • West High School

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1005453003

Community Details

Overview

  • 6 Units
  • Coralville (Original Town Subdivision

Building Details

  • Electric Expense $300
  • Insurance Expense $3,800
  • Maintenance Expense $7,500
  • Water Sewer Expense $1,800
  • Gross Income $68,058

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: 6-plex Multi-family building with excellent rental history. 5 units are 748sf with 2 bdrm/1 bath and one off-street parking space. 1 Unit is 1 Bdrm/1 bath with several large closets. Close to IRL, U of I Hospitals and Kinnick as well as many restaurants, coffee shops and just a hop away from two major interstates. Close proximity to bus lines as well.
  • Year Built: 1983
  • Tax Year Report: 2023
  • Subdivision: CORALVILLE (ORIGINAL TOWN
  • Rental Permit: Yes
  • Water Annually: 1800
  • Directions: 1st Avenue in Coralville, turn west on 5th Street turn north on 2nd Avenue - 6 plex on your left.
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Close to School, Close to Shopping
  • Basement Remarks: Slab
  • Possession R: At Closing
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Sq Ft Above: 2244
  • Lower Level Sq Ft: 2244

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 300
  • Heating Cooling: Window/Wall Units, Baseboard, Steam/Hotwater

Schools

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

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 9,255 SF
  • Zoning: RES

Tax Info

  • Gross Tax County City: 5374
  • Assessor Parcel Number: 1005453003

Multi Family

  • Units Total: 6

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
07/15/2025 07/15/25 For Sale $725,000 -- $323 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202504606

Iowa City Area Association of REALTORS®
Iowa Johnson County Coralville 52241

504 2nd Ave, Coralville, IA

This home is located at 504 2nd Ave, Coralville, IA 52241 and is currently priced at $725,000, approximately $323 per square foot. This property was built in 1983. 504 2nd Ave is a home located in Johnson County with nearby schools including Central 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.

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Monica Hayes
Listing Agent
Monica Hayes
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Lepic-Kroeger, REALTORS
(319) 271-1407