$1,250,000
PENDING

632 S Dodge St Unit 1-11 Iowa City, IA 52240

Longfellow Neighborhood

Estimated payment $7,826/month

Total Views 57,306
12 Beds
4 Baths
12,864 Sq Ft
$97 Price per Sq Ft

Highlights

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

About This Home

Prime 11-unit investment opportunity near the University of Iowa campus. This well-maintained building offers consistent rental demand and strong appeal to prospective tenants who want to live near downtown. 9 of 11 units feature updated luxury vinyl plank flooring. Residents enjoy a convenient on-site common laundry plus an individual locked storage space for each unit. Parking is a rare find near downtown - this property provides two spaces per unit, with the exception of Unit #1, which includes one space. The building is serviced by a central boiler system, simplifying utilities and upkeep. 632 S. Dodge presents an excellent chance to acquire a stable, income-producing asset in the heart of Iowa City.

Listing Agent

Teague Case

Westwinds Real Estate Services, Inc. Listed on: 09/25/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Parking

  • 4 Parking Spaces

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 12,864 Sq Ft Home
  • Living Room

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Location

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

Schools

  • Longfellow Elementary School
  • Southeast Middle 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 1015109010

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $3,600
  • Insurance Expense $12,000
  • Maintenance Expense $11,500
  • Water Sewer Expense $850
  • Gross Income $147,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Prime 11-unit investment opportunity near the University of Iowa campus. This well-maintained building offers consistent rental demand and strong appeal to prospective tenants who want to live near downtown. 9 of 11 units feature updated luxury vinyl plank flooring. Residents enjoy a convenient on-site common laundry plus an individual locked storage space for each unit. Parking is a rare find near downtown - this property provides two spaces per unit, with the exception of Unit #1, which includes one space. The building is serviced by a central boiler system, simplifying utilities and upkeep. 632 S. Dodge presents an excellent chance to acquire a stable, income-producing asset in the heart of Iowa City.
  • Year Built: 1982
  • Subdivision: Unknown
  • Rental Permit: Yes
  • Water Annually: 850
  • Directions: From Burlington Street to south on Dodge Street and east on Bowery then right into the alley for parking. Building on right.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School, Close to Shopping, On Bus Line
  • Basement Remarks: Poured Concrete
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
  • Sq Ft Above: 12864

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 3600
  • Heating Cooling: Window/Wall Units, Baseboard, Steam/Hotwater

Schools

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

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: .26
  • Zoning: RM44

Tax Info

  • Assessor Parcel Number: 1015109010

Multi Family

  • Units Total: 11

Matterport 3D Tour

Map

Range of Values:

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Value Increase
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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
11/26/2025 11/26/25 Pending -- -- --
09/25/2025 09/25/25 For Sale $1,250,000 -- $97 / Sq Ft
Source: Iowa City Area Association of REALTORS®

About the Listing Agent

Teague Case

Westwinds Real Estate Services, Inc.

(319) 246-8996

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202506008

Iowa City Area Association of REALTORS®