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2407 Petsel Place, Iowa City, IA 52246

Iowa City
Local realty services provided by:CENTURY 21 Signature Real Estate
2407 Petsel Place,Iowa City, IA 52246
$504,000
  • 4 Beds
  • 2 Baths
  • 2,190 sq. ft.
  • Multi-family
  • Active
Listed by: brenda phongsavanh
Office: realty one group impact
MLS#:743899
Source:IA_DMAAR

Price summary

  • Price:$504,000
  • Price per sq. ft.:$230.14

About this home

Whether you're an investor chasing yield or an owner looking to house hack your way into real estate, 2407 Petsel Place checks every box. This fully remodeled two-story duplex delivers a great cap rate with two income streams built in — a short-term rental upstairs and a long-term tenant downstairs — both units freshly updated in 2025 and ready to cash flow from day one. Location does the heavy lifting here. Situated less than 2 miles from the University of Iowa, UI Hospitals & Clinics, and Kinnick Stadium, this property sits in one of Iowa's most consistent rental corridors — low vacancy, steady demand, and a tenant pool that never dries up. Add a grocery store nearby and direct access to the Iowa City bus line, and you have a property that practically rents itself. Live downstairs, collect rent upstairs — or add it to your portfolio as a standalone acquisition or part of a larger Iowa City package that is currently available.

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Home facts

  • Year built:1900
  • Listing ID #:743899
  • Added:105 day(s) ago
  • Updated:October 09, 2026 at 03:52 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Hardwood, Laminate, Tile, Vinyl
  • Kitchen Description:Dishwasher, Microwave, Refrigerator, Stove
  • Basement:Yes
  • Basement Description:Partially Finished
  • Living area:2,190 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1900
  • Building area:2,190 sq. ft.
  • Lot area:0.2 Acres
  • Architectural Style:Duplex
  • Construction Materials:Vinyl Siding
  • Exterior Features:Deck, Open, Patio

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$504,000
  • Price per sq. ft.:$230.14
  • Tax amount:$5,530

Features and amenities

  • Appliances:Dishwasher, Microwave, Refrigerator, Stove
  • Laundry features:Main Level, Upper Level
  • Amenities:Smoke Detectors

Parking

  • Parking description:Attached, Garage, Two Car Garage
  • Garage:Yes
  • Garage spaces:2

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