$699,000

Estimated payment $4,100/month

Total Views 8,652
8 Beds
8 Baths
1,904 Sq Ft
$367 Price per Sq Ft

Highlights

  • Living Room
  • Property is near schools
  • Ceiling Fan
  • City High School Rated A-
  • Forced Air Heating and Cooling System
  • 1-minute walk to Oak Grove Park

About This Home

GREAT investment property just south of downtown area with easy access. Built by owner in 1983 on a quiet tree-lined street. Four units on two parcels (826-828: 1015180003 and 832-834:1015180004). One unit (834) has had a high-end remodel in recent years including wood floors in the kitchen, living room and hallway. Tile in the bathrooms and carpet in the bedrooms. Stainless steel appliances. Updated maple cabinets w/cushion close and drawer slides, undermount kitchen sink and granite counter tops w/breakfast bar. New HVAC system. Welcoming patio area and new driveway. Other three units have not had updates as they are always rented. Simple properties to manage. Company takes care of lawncare. Tenant removes snow. One-car garage with add'l parking pad for offstreet parking. Self managed. Valid rental permit through 1 OCT 2025. All units rented thru 31 JUL 2025.

Listing Agent

Le Ann Dunne

Lepic-Kroeger, REALTORS Listed on: 04/01/2025

Lepic-Kroeger, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,896

Year Built

  • Built in 1983

Lot Details

  • Lot Dimensions are 233x120

Parking

  • 4 Parking Spaces

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 1,904 Sq Ft Home
  • Ceiling Fan
  • 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

  • Twain Elementary School
  • Southeast Middle School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1015180003 +1015180004

Community Details

Overview

  • 4 Units
  • Page's Addition Subdivision

Building Details

  • Insurance Expense $3,601
  • Gross Income $64,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,896

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: GREAT investment property just south of downtown area with easy access. Built by owner in 1983 on a quiet tree-lined street. Four units on two parcels (826-828: 1015180003 and 832-834:1015180004). One unit (834) has had a high-end remodel in recent years including wood floors in the kitchen, living room and hallway. Tile in the bathrooms and carpet in the bedrooms. Stainless steel appliances. Updated maple cabinets w/cushion close and drawer slides, undermount kitchen sink and granite counter tops w/breakfast bar. New HVAC system. Welcoming patio area and new driveway. Other three units have not had updates as they are always rented. Simple properties to manage. Company takes care of lawncare. Tenant removes snow. One-car garage with add'l parking pad for offstreet parking. Self managed. Valid rental permit through 1 OCT 2025. All units rented thru 31 JUL 2025.
  • Year Built: 1983
  • Tax Year Report: 2023
  • Subdivision: Page's Addition
  • Rental Permit: Yes
  • Directions: Take Dodge Street south from Burlington St. Turn left on Page St. Properties are on the left.
  • 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: Slab
  • 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: 1904

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

  • Fees Include: None

Schools

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

Lot Info

  • Lot Dimensions: 233x120
  • Zoning: MF

Tax Info

  • Gross Tax County City: 9788
  • Assessor Parcel Number: 1015180003 +1015180004

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 $4,896 $260,230 $50,220 $210,010
2023 $4,668 $260,230 $50,220 $210,010
2022 $4,460 $215,340 $47,430 $167,910
2021 $4,448 $215,340 $47,430 $167,910
2020 $4,448 $205,730 $44,640 $161,090
2019 $4,012 $205,730 $44,640 $161,090
2018 $4,012 $182,620 $39,060 $143,560
2017 $3,808 $182,620 $39,060 $143,560
2016 $3,734 $173,230 $36,270 $136,960
2015 $3,734 $173,230 $36,270 $136,960
2014 $3,728 $172,390 $36,270 $136,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $699,000 -- $367 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $164,000 Commercial
Source: Public Records

Source: Iowa City Area Association of REALTORS®

MLS Number: 202502208

Iowa City Area Association of REALTORS®

APN: 1015180004