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.
Sold for $1,225,000 on 04/09/25
$1,225,000
402-424 Peterson St #402-424, Iowa City, IA 52245
--beds
1baths
9,756sqft
Multi Family, Residential
Built in 1993
-- sqft lot
$1,236,100 Zestimate®
$126/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 16, 2025 at 05:52pm
Listed by:
Teague Case 319-321-6824,
Westwinds Real Estate Services, Inc.
Bought with:
Edge Realty Group
Source: Iowa City Area AOR,MLS#: 202406668
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
- Frame, Partial Brick, Vinyl
- Foundation: Slab
Condition
- Year built: 1993
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Park, Sidewalks, Street Lights, Close To School, Near Shopping, Near Public Transport
Location
- Region: Iowa City
- Subdivision: Court Hill Condominiums
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $14,400 annually
- Services included: Insurance, Exterior Maintenance, Trash, Maintenance Grounds, Pest Control
Other
Other facts
- Listing terms: Conventional,1031 Exchange,Cash
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,236,100
2% more+$24,722
With Zillow Showcase(estimated)$1,260,822