Short-Term Rental Property with Commercial
For Sale
$5,950,000
320 2nd St, Coralville, IA 52241
Residential, Coralville, IA
Property SizeContact for details
Days on Market35
Property Features for 320 2nd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
I2
Bathrooms
1
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2
Parking
4
Parking features
Off Street
Appliances
RangeOrOven, Refrigerator, Microwave
Subdivision
Coralville Commercial
Lot features
Two To Five Acres
Elementary school
Lincoln
Middle school
Southeast
Directions
On the Coralville Strip, east of the Clear Creek Trail and west of the new Gather Iowa Development.
Standard status
Active
APN
1008205005
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
30748
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1963
Flooring type
Tile, Carpet
Building materials
Wood, Brick, Frame
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg · License #B33730000
(319) 331-6187
Added: Jul 22
Changed: Aug 19
Last Checked: Aug 25 at 7:06PM
MLS# 202604575
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Iowa Lodge combines short-term rental accommodations with commercial space. The residential component includes 80 studio or one-bedroom units, two two-bedroom units, and one three-bedroom unit. Most lodging units are located in the rear wraparound building. The property was built in 1963 and includes off-street parking, forced-air and natural-gas heating, central air, window units, tile, carpet, ranges, refrigerators, and microwaves.
The north building contains a management office and approximately 3,500 square feet of vacant commercial area on the first floor, along with a 1,000-square-foot vacant commercial suite on the second floor. The property is zoned I2 and includes a grandfathered sign. Located in Coralville, the property serves a low-income residential market and is positioned in an area developing to the west and east. Financial performance is reported at just over a 10% capitalization rate.
The north building contains a management office and approximately 3,500 square feet of vacant commercial area on the first floor, along with a 1,000-square-foot vacant commercial suite on the second floor. The property is zoned I2 and includes a grandfathered sign. Located in Coralville, the property serves a low-income residential market and is positioned in an area developing to the west and east. Financial performance is reported at just over a 10% capitalization rate.
Key Highlights
- 80 studio or one‑bedroom units, two two‑bedroom units, and one three‑bedroom unit
- Approximately 3,500 square feet of vacant first‑floor commercial area
- 1,000‑square‑foot vacant commercial suite on the second floor
Property Analytics
Property Profile
Current Use
Lease Details
83
Residential units
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 52241, IA
22,319
Population
10,294
Households
2.2
Avg Household Size
34
Median Age
57%
College-Educated
95%
High-School Grad
13.5 sq mi
ZIP Area
1,653
Density / Sq Mi
$66,508
Median Household Income
$40,504
Median Earnings
$1,021
Median Rent
$286,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Residential accommodations are paired with vacant commercial suites in the north building.
Where is this short term rental property located?
The property is located at 320 2nd St Coralville, IA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 80 studio or one‑bedroom units, two two‑bedroom units, and one three‑bedroom unit; Approximately 3,500 square feet of vacant first‑floor commercial area; 1,000‑square‑foot vacant commercial suite on the second floor
