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2432 Petsel Place, Iowa City, IA 52246

Iowa City
Local realty services provided by:CENTURY 21 Signature Real Estate
2432 Petsel Place,Iowa City, IA 52246
$895,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: teague case
Office: westwinds real estate services, inc.
MLS#:202605446
Source:IA_ICAAR

Price summary

  • Price:$895,000

About this home

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.

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Home facts

  • Year built:1980
  • Subdivision & Development:Hawkeye Heights
  • Listing ID #:202605446
  • Added:1 day(s) ago
  • Updated:September 11, 2026 at 03:49 PM

Structure and exterior

  • Year built:1980
  • Construction Materials:Frame

Schools

  • High school:West
  • Middle school:Northwest
  • Elementary school:Borlaug

Utilities

  • Water:City Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$895,000
  • Tax amount:$13,916

Parking

  • Total parking spaces:4

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