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    Iowa City, IA Apartment Buildings for Sale

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    7-Unit Apartment Building
    Updated: Aug 24
    7-Unit Apartment Building

    Iowa City, IA 52240

    $675,000
    7‑unit apartment building with one‑bedroom, one‑bath apartments
    Apartment D is vacant; Apartment A lease expires 12/31 and remaining leases run through 7/31/27
    Within walking distance of downtown and campus
    Coin laundry with washer and dryer in the lower level
    Separate HVAC systems serve the lower level and upper two floors
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    100-Unit Cooperative Apartment Building
    Updated: Jul 22
    100-Unit Cooperative Apartment Building

    Iowa City, IA 52240

    $6,975,000
    100 residences: 66 one‑bedroom units at 575 SF and 34 two‑bedroom units at 800 SF
    All units are leased within the cooperative property
    3.765‑acre parcel with approximately 100 parking spaces
    Quadrangle layout with a central grassy courtyard
    Separate laundry rooms and two basement storage areas for tenants
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    9-Unit Apartment Building
    9-Unit Apartment Building

    Iowa City, IA 52240

    $329,900

    Vacant rooming house with kitchenettes, shared kitchens, rear parking, and RM-12 zoning near downtown and campus.

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    See what stands out in Johnson County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    7-Unit Apartment Building
    7-Unit Apartment Building

    20 S Lucas St, Iowa City, IA 52240

    $675,000
    3,302 sqft

    Walkable to downtown and campus with coin laundry and a detached garage.

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    42-Unit Apartment Buildings
    42-Unit Apartment Buildings

    Iowa City, IA 52246

    $3,650,000

    Three-building multifamily property with updated interiors, off-street parking, and proximity to major university-related destinations.

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    Mixed-Use Redevelopment with Parking
    Mixed-Use Redevelopment with Parking

    1104 S Gilbert St, Iowa City, IA 52240

    $1,975,000
    14,879 sqft

    Three-parcel mixed-use property with leased multifamily units, commercial tenants, and ample parking for flexible future use.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Iowa City Cooperative Investment Property
    Iowa City Cooperative Investment Property

    1100 Arthur St, Iowa City, IA 52240

    $6,975,000
    4,968 sqft 3.77 AC lot

    100-unit cooperative project with units leased, great investment opportunity.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    2432 Petsel Pl, Iowa City, IA 52246

    $950,000

    10-plex with functional unit layouts and ample off-street parking, currently maintaining steady occupancy.

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    Twelve-Unit Multifamily Property
    Twelve-Unit Multifamily Property

    429-451 S Scott Boulevard, Iowa City, IA 52245

    $1,295,000

    Well-maintained 12-unit building with 2-bedroom, 1-bath units and HVAC replacements completed in May 2022.

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    Multifamily Investment Property Near Campus
    Multifamily Investment Property Near Campus

    732, 736, 740 Michael St, Iowa City, IA 52246

    Contact for pricing
    16,128 sqft

    Three buildings with 42 units near UIHC and Kinnick Stadium.

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    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    1901 Broadway St, Iowa City, IA 52240

    Contact for pricing

    Fully leased property combines commercial suites with upper-floor apartments.

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    10-Unit Student Housing Apartment Building
    10-Unit Student Housing Apartment Building

    711 E Burlington St, Iowa City, IA 52240

    Contact for pricing

    Fully leased apartment property offers varied layouts, on-site laundry, and dedicated off-street parking.

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    70-Unit Apartment Building
    70-Unit Apartment Building

    316 S Madison St, Iowa City, IA 52240

    Contact for pricing

    Multifamily property with one- and two-bedroom residences near the University of Iowa campus.

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    Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 13 Active listings in Iowa City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    32-Unit Apartment Property
    32-Unit Apartment Property

    16 Aossey Lane SW, Cedar Rapids, IA 52404

    $2,100,000
    36,000 sqft 1.52 AC lot

    Four buildings contain two-bedroom, one-bath apartments in a professionally maintained multifamily setting.

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    32-Unit Apartment Building Portfolio
    32-Unit Apartment Building Portfolio

    16 Aossey Lane SW, Cedar Rapids, IA 52404

    $2,100,000
    36,000 sqft

    Four-building multifamily offering with two-bedroom, one-bath apartments and flexible acquisition options.

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    Six-Unit Multifamily Property
    Six-Unit Multifamily Property

    504 2nd Ave, Coralville, IA 52241

    $1,150,000

    Established multifamily property with off-street parking, residential zoning, and convenient access to Coralville destinations.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    504 2nd Ave, Coralville, IA 52241

    $725,000

    Residentially zoned property with a varied one- and two-bedroom layout and off-street parking for each residence.

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    Off-Market Properties in Iowa City, IA

    Consider similar Off-Market properties in Iowa City, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Dubuque St
    Multifamily properties

    0 Dubuque St, Iowa City, IA 52245

    Value Estimation by Request
    1.00 AC lot
    View details
    732 Michael St
    Multifamily properties

    732 Michael St, Iowa City, IA 52246

    Value Estimation by Request
    16,128 sqft 1.05 AC lot
    View details

    Iowa City, IA Apartment Buildings Market Trends and Statistics

    Explore 15 apartment buildings for sale in Iowa City, IA, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 39,277 square feet of properties for sale, with an estimated market value of $23,499,900.

    Sale prices for two-family homes in Iowa City, IA start at $329,900, averaging $2,611,100, and reaching up to $6,975,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 108K
    Population Growth (5Y) +35.7%
    Median Household Income $62,209
    College Educated 50.5%

    High-Yield Neighborhoods for Investment

    Identify Iowa City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    52245 $1.3M
    52246 $2.3M
    52240 $2.9M

    Taxes & Financing

    Tax Rate (average for all types) 3.25%
    Property Tax per SF $18.14 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Johnson County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Iowa City fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Iowa City, IA

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    • 52246
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