$725,000

504 2nd Ave Coralville, IA 52241

Estimated payment $4,584/month

Total Views 5,036
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 List to Sale Price per Sq Ft
07/15/2025 07/15/25 For Sale $725,000 -- $323 / Sq Ft
Source: Iowa City Area Association of REALTORS®

About the Listing Agent

Monica Hayes

Lepic-Kroeger, REALTORS

(319) 271-1407

Section Image

The Monica Hayes Team with Skogman Realty is Iowa City's very own real estate expert, excited to help buyers and sellers achieve their dreams.

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202504606

Iowa City Area Association of REALTORS®