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    350 Cayman St Iowa City, IA 52245

    For Sale
    $1,095,000

    Multi Family, Twostories - IA

    Property size:
    930 SF
    Days on Market:
    78
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 350 Cayman St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    condo
    APN
    10124980001
    Parking features
    Garage, Off Street
    Interior features
    Kitdiningrmcomb, Cableavailable, Primaryonmainlevel
    Exterior features
    Balcony
    Appliances
    Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
    Size
    930 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1993
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick, Frame
    Architectural style
    Other

    Lepic-Kroeger, REALTORS (319) 351-8811 [email protected]

    Listing agent Le Ann Dunne (319) 351-8811

    Listing date Sep 22, 2025

    MLS# 202505922 Listing URL

    Copyright © 2025 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.

    Overview

    Multi-Unit Condo Building For Sale

    This eight-unit building, constructed in 1993, offers a unique opportunity with its condominium structure, potentially leading to property tax savings and the option to sell units individually. The property features six garages of varying sizes, including two that can accommodate three cars each. Recent updates include the installation of LED lighting in units and hallways, replacement of flooring with tile and LVP, regular painting of units, stainless steel appliances, brushed nickel cabinet hardware, repaired and stained decks, replaced exterior doors, serviced HVAC systems, cleaned hall carpets, replaced deadbolts and lever passages with Schlage products, and parking lot striping completed in 2023. Garage doors have been serviced in recent years. The roof was replaced in 2010, and attic insulation was added in 2022. The building is self-managed and designed for ease of management. The property is located in Iowa.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.48322
    Latitude
    41.657307

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit condo building with recent updates and potential for individual sale.
    Where is this apartment building located?
    The property is located at 350 Cayman St Iowa City, IA.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: - Condo building with potential for individual sale of units and property tax savings.; - Six garages, including **two that can accommodate three cars each.**; - Numerous recent updates including flooring, lighting, appliances, and exterior features.
    (319) 351-8811
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    350 Cayman St Iowa City, IA 52245
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