This income-producing 12-unit apartment building offers a compelling opportunity for investors seeking stable cash flow and long-term value in the Iowa City market. Located on Aber Avenue, just minutes from shopping, dining, bus lines and interstate access, this property features updated interiors and an excellent track record of full occupancy. This property offers immediate cash flow and room for future upside. The location, straightforward mechanical systems, and tenant-paid utilities make it a practical and appealing option for both first-time multifamily buyers and experienced investors looking to add a stable asset to their portfolio.
Sold for $1,175,000 on 08/26/25
$1,175,000
1601 Aber Ave, Iowa City, IA 52246
--beds
1baths
9,879sqft
Multi Family, Residential
Built in 1983
-- sqft lot
$1,180,100 Zestimate®
$119/sqft
$1,261 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 26, 2025 at 03:11pm
Listed by:
Teague Case 319-321-6824,
Westwinds Real Estate Services, Inc.
Bought with:
Westwinds Real Estate Services, Inc.
Source: Iowa City Area AOR,MLS#: 202503475
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Range Or Oven, Refrigerator, Microwave
Features
- Flooring: Carpet, Vinyl
- Basement: Concrete,Full,Daylight
- Has fireplace: No
Interior area
- Total structure area: 9,879
- Total interior livable area: 9,879 sqft
- Finished area above ground: 9,879
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Lot
- Size: 0.83 Acres
- Dimensions: 302 x 119
Details
- Parcel number: 1017492008
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Brick, Frame, Partial Brick
Condition
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks, Street Lights, Close To School, Near Shopping, Near Public Transport
Location
- Region: Iowa City
- Subdivision: Bryn Mawr Heights Part 13
Other
Other facts
- Listing terms: Conventional,Cash
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,180,100
2% more+$23,602
With Zillow Showcase(estimated)$1,203,702