$5,650,000

Estimated payment $35,753/month

Total Views 6,275
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Living Room
  • Park
  • Dining Room
  • City High School Rated A-
  • Property is near schools
  • 4-minute walk to Happy Hollow Park

About This Home

Investor Alert! 41 Apartments in Iowa City Iowa For Sale! Prime Location On University of Iowa Campus! Great Rental History! Updated Apartments Including New Kitchen Cabinets with Stainless Appliances! Updated Bathrooms, Updated White Doors & Trim! Onsite Laundry! Tenants Pay All Utilities! Great Location Walkable To Downtown Iowa City & Easy Access to University of Iowa Campus! On Bus Routes! Walk to Hy-Vee Grocery Store! Next to Happy Hollow Park! Great Investment Opportunity! Adjacent Properties Owned by Seller Are Also For Sale Separately. Land To Build 84 More Apartments Beside This Site. Owner is an Iowa Real Estate Broker 24 Hour Notice To Show Tenants Rights

Listing Agent

Tracy Barkalow

Barkalow & Associates, Realtors Listed on: 05/20/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • Living Room
  • Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Location

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

Schools

  • Mann Elementary School
  • Southeast Middle School

Utilities

  • Radiant Heating System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1003482013 1003482012

Community Details

Recreation

  • Park

Additional Features

  • 41 Units
  • Gross Income $559,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Investor Alert! 41 Apartments in Iowa City Iowa For Sale! Prime Location On University of Iowa Campus! Great Rental History! Updated Apartments Including New Kitchen Cabinets with Stainless Appliances! Updated Bathrooms, Updated White Doors & Trim! Onsite Laundry! Tenants Pay All Utilities! Great Location Walkable To Downtown Iowa City & Easy Access to University of Iowa Campus! On Bus Routes! Walk to Hy-Vee Grocery Store! Next to Happy Hollow Park! Great Investment Opportunity! Adjacent Properties Owned by Seller Are Also For Sale Separately. Land To Build 84 More Apartments Beside This Site. Owner is an Iowa Real Estate Broker 24 Hour Notice To Show Tenants Rights
  • Year Built: 1977
  • Tax Year Report: 2023
  • Subdivision: Unknown
  • Rental Permit: Yes
  • Directions: North Dodge Hy-Vee South to Property on Left Hand Side of Road Before Brown Street
  • Aging In Place Form: No
  • Amenities: Park, Sidewalks, Street Lights, Close to School, Close to Shopping, On Bus Line
  • Basement Remarks: See Remarks
  • Possession R: Negotiable
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Microwave

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Radiant

Condo/Co-op/Association

  • Fees Include: None

Schools

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

Lot Info

  • Zoning: RM-20

Tax Info

  • Gross Tax County City: 61420
  • Assessor Parcel Number: 1003482013 1003482012

Multi Family

  • Units Total: 41

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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
05/23/2025 05/23/25 Price Changed $1,050 -8.7% $1 / Sq Ft
05/21/2025 05/21/25 For Rent $1,150 0.0% --
05/20/2025 05/20/25 For Sale $5,650,000 0.0% --
05/05/2025 05/05/25 Off Market $1,150 -- --
10/31/2024 10/31/24 Price Changed $1,150 +9.5% $1 / Sq Ft
10/09/2024 10/09/24 For Rent $1,050 0.0% --
02/20/2024 02/20/24 Price Changed $1,050 -8.7% $1 / Sq Ft
10/12/2023 10/12/23 Price Changed $1,150 0.0% $1 / Sq Ft
10/12/2023 10/12/23 For Rent $1,150 +9.5% --
08/07/2023 08/07/23 For Rent $1,050 0.0% --
07/13/2023 07/13/23 For Rent $1,050 0.0% --
06/13/2023 06/13/23 For Rent $1,050 0.0% --
01/11/2023 01/11/23 For Rent $1,050 0.0% --
06/14/2022 06/14/22 For Rent $1,050 0.0% --
06/07/2022 06/07/22 For Rent $1,050 0.0% --
05/18/2022 05/18/22 For Rent $1,050 -- --
Source: Iowa City Area Association of REALTORS®

Source: Iowa City Area Association of REALTORS®

MLS Number: 202503343

Iowa City Area Association of REALTORS®