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    403-461 Westwinds Dr Iowa City, IA 52246

    For Sale
    $1,450,000

    Condosinglelevel, Multi Family - IowaCity, IA

    Property size:
    11,088 SF
    Days on Market:
    46
    Last Refresh:
    Dec 13 at 9:06 am

    Property Features for 403-461 Westwinds Dr

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    Multifamily Residential
    APN
    Multiple
    Parking features
    Garage
    Patio and Porch features
    Deck
    Interior features
    Breakfastbar, Livingroomdiningroomcombo
    Exterior features
    Deck
    Appliances
    Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
    Size
    11,088 SF

    Taxes and HOA fees

    Expense value
    41040
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Flooring type
    Carpet, Vinyl
    Building materials
    Frame
    Architectural style
    Other

    Blank and McCune, The Real Estate Company (319) 354-9440 [email protected]

    Listing agent Teresa Morrow (319) 354-9440

    Listing date Oct 29, 2025

    MLS# 202506608 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

    Iowa City Condominium Investment Opportunity

    This offering features 12 rental condominiums within the Monterey Court Condominium Regime, situated along Westwinds Drive in Iowa City, IA. Each condominium unit includes 2 bedrooms, 1.5 bathrooms, and a single-car garage. The units feature kitchens with breakfast bars and an open-concept living/dining area. Each unit is equipped with a stackable washer and dryer. The location provides convenient access for tenants, with a bus line offering a quick commute to the University of Iowa Hospitals and Clinics (UIHC), law and dental schools, shopping areas, and the interstate. The condominium regime is currently undergoing improvements, including new stairwells and garage doors. The property, zoned for Multifamily Residential use, encompasses a total of 11,088 square feet and has a strong rental history.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Clothing Store Building Supply Gym & Fitness Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.57811966
    Latitude
    41.65568026

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    FAQs

    What type of property is this?
    Apartment building - Twelve 2-bed, 1.5-bath condominiums with garages, excellent rental history.
    Where is this apartment building located?
    The property is located at 403-461 Westwinds Dr Iowa City, IA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - 12 Rental Condominiums with Excellent Rental History; - Convenient Location: On Bus Line, Quick Commute to UIHC, Law & Dental Schools, Shopping, and Interstate; - Each Unit features 2 Bed, 1.5 Baths, Single Car Garage, and Stackable Washer/Dryer
    (319) 354-9440
    Request Owner's contact information
    403-461 Westwinds Dr Iowa City, IA 52246
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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
    403-461 Westwinds Dr Iowa City, IA 52246
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