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507 Kimball Rd, Iowa City, IA 52246

Iowa City
Local realty services provided by:CENTURY 21 Signature Real Estate
507 Kimball Rd,Iowa City, IA 52246
$259,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: bryant nicholson
Office: affinity real estate services
MLS#:202605470
Source:IA_ICAAR

Price summary

  • Price:$259,000

About this home

Excellent investment opportunity at 507 Kimball Rd in Iowa City! This fully occupied duplex offers immediate rental income with both units leased through July 2027. The upper unit rents for $875/month, with the tenant responsible for all utilities. The lower unit rents for $1,300/month, with the tenant responsible for all utilities except water and trash. Combined gross rental income is $2,175 per month, or $26,100 annually. With long-term leases already in place, this property provides an attractive opportunity for an investor looking to add a stabilized, income-producing property to their portfolio. Landlord responsibilities include water and trash for the lower unit, along with lawn care and snow removal for the property. Convenient Iowa City location with established rental income from day one. A great option for investors seeking a fully leased duplex with predictable cash flow. Advance notice for tenants required. Buyer to verify sq footage and schools. Buyer must be willing...

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Home facts

  • Year built:1920
  • Subdivision & Development:Unknown
  • Listing ID #:202605470
  • Added:35 day(s) ago
  • Updated:October 15, 2026 at 04:32 PM

Structure and exterior

  • Year built:1920
  • Construction Materials:Frame

Schools

  • High school:City
  • Middle school:Southeast
  • Elementary school:Shimek

Utilities

  • Water:City Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$259,000
  • Tax amount:$3,888

Parking

  • Total parking spaces:4

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