$465,000
$10K PRICE DROP

813 Westwinds Dr Unit 1-4 Iowa City, IA 52246

Estimated payment $3,596/month

Total Views 29,211
8 Beds
4 Baths
3,696 Sq Ft
$126 Price per Sq Ft

Highlights

  • Living Room
  • Property is near schools
  • Dining Room
  • Norman Borlaug Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • Ceiling Fan

About This Home

This well-maintained 4-plex on the west side of Iowa City offers a strong foundation with room to grow. Each of the four units features 2 bedrooms and 1 bathroom with a functional layout, dedicated off-street parking, and in unit laundry. Historically, the property has seen very low vacancy rates due to proximity to the University of Iowa, UIHC, and convenient access to shopping, dining, and bus routes. There may be an opportunity to add value for investors looking to increase cash flow with cosmetic updates. Whether you’re looking to expand your portfolio or enter the market with a property that has upside, this is a solid west side income producer with long-term potential.

Listing Agent

Teague Case

Westwinds Real Estate Services, Inc. Listed on: 06/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,862

Year Built

  • Built in 1982

HOA Fees

  • $912 Monthly HOA Fees

Parking

  • 4 Parking Spaces

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 3,696 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining 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

  • Borlaug Elementary School
  • Northwest Middle School
  • West High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1017252021, 22, 23, 24

Community Details

Overview

  • 4 Units
  • Trailridge Condominums Subdivision

Building Details

  • Insurance Expense $2,400
  • Maintenance Expense $3,270
  • Gross Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,862

Year Built

Built in 1982

Lot Details

0

HOA Fees

$912 per month

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: This well-maintained 4-plex on the west side of Iowa City offers a strong foundation with room to grow. Each of the four units features 2 bedrooms and 1 bathroom with a functional layout, dedicated off-street parking, and in unit laundry. Historically, the property has seen very low vacancy rates due to proximity to the University of Iowa, UIHC, and convenient access to shopping, dining, and bus routes. There may be an opportunity to add value for investors looking to increase cash flow with cosmetic updates. Whether you’re looking to expand your portfolio or enter the market with a property that has upside, this is a solid west side income producer with long-term potential.
  • Year Built: 1982
  • Tax Year Report: 2023
  • Subdivision: Trailridge Condominums
  • Rental Permit: Yes
  • Directions: Melrose Avenue or Mormon Trek Boulevard to Westwinds Drive
  • 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: 3696

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Gas, Central, Forced Air

Condo/Co-op/Association

  • Association Fee: 10944

Schools

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

Lot Info

  • Geo Subdivision: IA
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 7412
  • Assessor Parcel Number: 1017252021, 22, 23, 24

Multi Family

  • Units Total: 4

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,862 $98,930 $19,880 $79,050
2023 $1,858 $98,930 $19,880 $79,050
2022 $1,776 $85,740 $17,040 $68,700
2021 $1,834 $85,740 $17,040 $68,700
2020 $1,834 $84,820 $17,040 $67,780
2019 $1,658 $84,820 $17,040 $67,780
2018 $1,658 $75,510 $14,200 $61,310
2017 $1,610 $75,510 $14,200 $61,310
2016 $1,578 $73,220 $14,200 $59,020
2015 $1,578 $73,220 $14,200 $59,020
2014 $1,624 $75,040 $14,200 $60,840
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $465,000 -2.1% $126 / Sq Ft
06/18/2025 06/18/25 For Sale $475,000 +44.8% $129 / Sq Ft
10/10/2019 10/10/19 Sold $328,000 -6.8% $355 / Sq Ft
07/29/2019 07/29/19 For Sale $352,000 -- $381 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $328,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $352,000 Future Advance Clause Open End Mortgage
Source: Public Records

About the Listing Agent

Teague Case

Westwinds Real Estate Services, Inc.

(319) 321-6824

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Source: Iowa City Area Association of REALTORS®

MLS Number: 202504038

Iowa City Area Association of REALTORS®

APN: 1017252021