Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    415/417 Heritage Pl North Liberty, IA 52317

    View on Map
    Picture of Duplexes at 415/417 Heritage Pl, North Liberty, IA
    For Sale
    $250,000

    Multi Family, Twostories - NorthLiberty, IA

    Property size:
    2,112 SF
    Added:
    Jan 1, 2026
    Days on Market:
    90
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 415/417 Heritage Pl

    General Information

    Property type
    Residential Multi Family
    Zoning
    Residential- Two-Family Duplex
    Parking features
    Garage
    Patio and Porch features
    Deck
    Interior features
    Kitdiningrmcomb
    Exterior features
    Deck
    Appliances
    Oven, Range, Refrigerator
    Standard status
    Active
    APN
    0613131009
    Size
    2,112 SF

    Taxes and HOA fees

    TaxAnnualAmount
    4390

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

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

    We can help!

    Listing Contact
    Laura Soride
    Laura Soride

    Listing agent Laura Soride

    Listing office RE/MAX Affiliates 845 Quarry Rd, Coralville, IA

    Listing date Jan 1, 2026

    MLS# 202507449 Listing URL

    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.

    Overview

    North Liberty Multi-Family Property

    This multi-family property, located in North Liberty, Iowa, features two stories and is zoned for residential two-family duplexes. The property is currently leased through July 31st, 2026, after which the lease will transition to a month-to-month agreement. Tenants are responsible for all utility payments. The property is being sold in "as-is" condition, and the seller will not make any repairs. The building has a total area of 2112 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Liberty
    County
    Johnson
    State
    Iowa
    Longitude
    -91.6047417
    Latitude
    41.7434296

    Nearby Similar for Sale

    • $310,000

      Well-Appointed Office Building with Garage

      3,300 SF office building with garage and flexible functionality.
      580 N Madison Ave, NorthLiberty, IA 52317
      View Details
    • $2,500,000

      Medical Office Investment Opportunity

      North Liberty commercial building with existing medical tenants.
      5 Lions Dr, NorthLiberty, IA 52317
      View Details
    • Contact for pricing
      14,422 SF

      Commercial Space in North Liberty

      Commercial space for sale with high visibility and traffic.
      595 Country Ln unit: 1, North Liberty, IA 52317
      View Details
    • $709,159

      North Liberty Commercial Property For Sale

      Highly visible location ideal for retail or office space.
      1035 Liberty Way Lot 6, NorthLiberty, IA 52317
      View Details
    • Contact for pricing
      14,124 SF

      North Liberty Commercial Strip Mall

      Commercial space in a strip mall with high traffic visibility.
      595 Country Ln unit: 3, North Liberty, IA 52317
      View Details
    • Contact for pricing
      14,124 SF

      Commercial Space in North Liberty

      Commercial space with high visibility and traffic count.
      595 Country Ln unit: 2, North Liberty, IA 52317
      View Details
    • $250,000
      1,616 SF

      North Liberty Multi-Family Property

      Multi-family property in North Liberty, leased through July 2026.
      425/427 Heritage Pl, NorthLiberty, IA 52317
      View Details
    • $250,000
      1,904 SF

      North Liberty Duplex For Sale

      Two-story duplex in North Liberty, leased through July 2026.
      455/457 Heritage Pl, NorthLiberty, IA 52317
      View Details
    • $250,000
      1,656 SF

      North Liberty Multi-Family Property

      Multi-family property in North Liberty, leased through July 2026.
      445/447 Heritage Pl, NorthLiberty, IA 52317
      View Details

    FAQs

    What type of property is this?
    Duplex - Multi-family property in North Liberty, leased through July 2026.
    Where is this duplex located?
    The property is located at 415/417 Heritage Pl North Liberty, IA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Leased through July 31st, 2026, providing immediate rental income.; Tenants pay all utilities.; Includes a deck.
    (319) 400-0821
    We can help!
    Listing Contact
    Laura Soride
    Laura Soride
    Real Estate License ID: B56987000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!