Here's an excellent investment opportunity in this well-maintained 12-unit multi-family property located on the east side of Iowa City. 2bed, 1 bath condos with a history of reliable tenancy, this property is perfect for investors looking to expand their portfolio. The units offer practical layouts, making them suitable for a variety of renters. Situated in a convenient location off of Court Street, it's close to schools, public transportation, and local amenities, this property is poised for consistent demand. This is a fantastic chance to own a multi-family property in a strong rental market. Don’t miss out on this great opportunity to grow your investment portfolio.
Pending
$1,300,000
402-424 Peterson St #402-424, Iowa City, IA 52245
--beds
1baths
9,756sqft
Est.:
Multi Family, Residential
Built in 1993
-- sqft lot
$1,227,500 Zestimate®
$133/sqft
$1,200/mo HOA
What's special
Practical layouts
- 139 days
- on Zillow |
- 12 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 05, 2025 at 11:41am
Listed by:
Teague Case 319-321-6824,
Westwinds Real Estate Services, Inc.
Source: Iowa City Area AOR,MLS#: 202406668

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Natural Gas, Forced Air
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Range Or Oven, Refrigerator, Dryer, Microwave, Washer
Features
- Zero Step Entry
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 9,756
- Total interior livable area: 9,756 sqft
- Finished area above ground: 9,756
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Detached Carport, Off Street
- Has carport: Yes
Details
- Parcel number: 0918229001 0918229012
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Partial Brick, Vinyl, Frame
- Foundation: Slab
Condition
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Sidewalks, Street Lights, Close To School, Near Shopping, Near Public Transport
- Subdivision: Court Hill Condominiums
HOA
- Has HOA: Yes
- Services included: Insurance, Exterior Maintenance, Trash, Maintenance Grounds, Pest Control
- HOA fee: $14,400 annually
Location
- Region: Iowa City
Financial & listing details
- Price per square foot: $133/sqft
- Annual tax amount: $22,968
- Date on market: 12/9/2024
- Listing terms: 1031 Exchange,Cash,Conventional
- Loading