What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add'l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated income of over $22K! Apartments offer impressive opportunity to function as traveling nurse units or Air BnB. All units are rented for Fall 2025 with a rental income of $152,100. Laundry room connects the house to apartments. This property has been in the same family's portfolio since the 60's and is self managed. It is well cared for by the owners with updates in the home and most apartments in recent years. A real gem with outstanding opportunities!
For sale
$2,250,000
80 Olive Ct, Iowa City, IA 52246
--beds
0baths
7,300sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$2,086,000 Zestimate®
$308/sqft
$-- HOA
What's special
- 128 days
- on Zillow |
- 290 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: January 24, 2025 at 12:00pm
Listed by:
Ryan Bandy 563-650-1812,
LEPIC-KROEGER, REALTORS
Source: CRAAR, CDRMLS,MLS#: 2500579
Originating MLS: Cedar Rapids Area Association Of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Basement: Full
Interior area
- Total interior livable area: 7,300 sqft
Video & virtual tour
Property
Lot
- Size: 0.32 Acres
- Dimensions: 200 x 70
Details
- Parcel number: 1026209007
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Block
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Iowa City
Financial & listing details
- Price per square foot: $308/sqft
- Tax assessed value: $1,041,690
- Annual tax amount: $19,596
- Date on market: 1/16/2025
- Listing terms: Cash,Conventional
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