Green two-story house with a white-trimmed covered porch and grassy yard.
516 Church
516 Church
516 Church
516 Church
516 Church
516 Church
516 Church
SEE ALL PHOTOS
Green two-story house with a white-trimmed covered porch and grassy yard.
516 Church
516 Church
516 Church
516 Church
516 Church
516 Church
516 Church
Sold

516 Church

516 Church, IowaCity, IA 52240

$629,500
Currently partially vacant but supported by an excellent rental history, this close-in property offers strong income potential and flexible use. Originally a single-family home, it has been converted into three 1-bedroom apartments along with six efficiency units off the alley, creating a total of nine rentable units. The location is highly desirable, providing convenient access to nearby amenities, transit, and the university. The property also features ample on-site parking, a valuable asset for tenants and a competitive advantage in the rental market. Great for an investor seeking a value-add opportunity or looking to expand their portfolio with a well-located multi-unit building. This property delivers both long-term potential and value.

Studio

4,000 Sq.Ft. LIVING AREA

Teresa Morrow

Teresa Morrow

Features & Amenities

Interior

  • total bedrooms0
  • Laundry room None
  • Flooring Carpet, Vinyl
  • Fireplace None
  • APPLIANCES Range Or Oven, Refrigerator
  • other interior Features Other

Area & Lot

  • Status Sold
  • Date Sold May 29, 2026
  • Living Area4,000 Sq.Ft.
  • MLS® ID202602686
  • TypeMulti-Family
  • YEAR BUILT1970
  • NeighborhoodIowa City
  • Elementary SchoolMann
  • Middle SchoolSoutheast
  • High SchoolCity

Exterior

  • utilitiesCity Sewer, City Water
  • parkingOff Street
  • HEAT TYPEDuctless, Electric, Natural Gas
  • other exterior FeaturesBalcony

Financial

  • Sales Price$629,500
  • Real Estate Tax $11,474/yr
  • Maintenance Fee $5,000/mo
  • Zoning Multi-Family Residential

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