1 Bath
7,488 sqft
$895,000
2432 Petsel Place, IowaCity IA, 52246
Price per sqft$119.52
Built in1980
Property size7,488 sqft
Property typeMulti-family
Overview
Active
Listed Sep 9, 2026
Updated 3 weeks ago
10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.
$5,954/mo
Est. mortgage payment based on a $895,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 202605446
Interior Features
- Bathrooms
- 1
- Cooling
- Yes
- Heating
- Yes
- Basement
- Yes
Other Property Details
- Taxes
- $13,916
- Tax Frequency
- Annually
- Association Fee Frequency
- Yearly
- Maintenance Expense
- $18,000
Courtesy of Westwinds Real Estate Services, Inc., ,
Listing Contact: 319-321-6824
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Blank & McCune Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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