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    5 Woolf Ave Iowa City, IA 52240

    New
    For Sale
    $1,875,000

    Multi Family - IA

    Property size:
    12,168 SF
    Days on Market:
    3
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 5 Woolf Ave

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    PRM
    APN
    1009301001
    Parking features
    Garage, Off Street
    Interior features
    Bookcases
    Appliances
    Oven, Range, Refrigerator
    Size
    12,168 SF

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas

    Building Details

    Year built
    1958
    Flooring type
    Concrete, Wood
    Building materials
    Block, Brick, Concrete, Frame
    Architectural style
    Other

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

    Listing agent Jeff Edberg (319) 351-8811

    Listing date Dec 4, 2025

    MLS# 202507216 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 Multifamily Investment Opportunity

    Two well-maintained brick buildings are situated on 0.40 acres. The property is located directly across from the VA Hospital and within walking distance of the UI Dental College and UIHC. Building 1 features 9 studio units, each with approximately 500 square feet. Building 2 contains 8 apartments with 2 bedrooms and 1 bathroom, each approximately 800 square feet. Laundry rooms are available in both buildings. Off-street parking is provided, including garages. The property is located in Iowa City, Iowa. The property offers potential for redevelopment into high-end condos due to its location near hospitals, academic institutions, transit options, and campus services. The property is currently zoned PRM. The property contains 12,168 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.550044
    Latitude
    41.663573

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    FAQs

    What type of property is this?
    Apartment building - Two well-maintained buildings near the VA Hospital and UIHC.
    Where is this apartment building located?
    The property is located at 5 Woolf Ave Iowa City, IA.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: - Prime location across from the VA Hospital and near UI Dental College and UIHC; - Exceptional long-term redevelopment potential in an irreplaceable Iowa City location; - Stable income property with dependable rental demand
    (319) 351-8811
    Request Owner's contact information
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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
    5 Woolf Ave Iowa City, IA 52240
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