Six-Plex Apartment
For Sale
$725,000
504 2nd Ave, Coralville, IA 52241
MULTI_FAMILY - Coralville, IA
Property SizeContact for details
Days on Market145
Property Features for 504 2nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bathrooms
1
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
Parking
4
Parking features
Off Street
Interior features
KitDiningRmComb
Appliances
Dishwasher, RangeOrOven, Refrigerator
Subdivision
CORALVILLE (ORIGINAL TOWN
Elementary school
Central
Middle school
Northwest
Directions
1st Avenue in Coralville, turn west on 5th Street turn north on 2nd Avenue - 6 plex on your left.
Standard status
Active
APN
1005453003
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
5374
Utilities
Heating system
Steam, Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1983
Building materials
Brick, Vinyl, Frame
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Monica Hayes · License #S61528
(319) 325-8659
Added: Mar 25
Changed: Aug 3
Last Checked: Aug 16 at 11:06PM
MLS# 202602020
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.
This six-plex apartment building includes five two-bedroom, one-bath units and one one-bedroom, one-bath unit. Four of the units feature a KitDiningRmComb interior setup, and all units include in-unit appliances such as dishwasher, range/oven, and refrigerator. Heating is provided via baseboard and steam systems, with window unit cooling. Construction materials include brick, vinyl, and frame, and the property provides off-street parking.
Built in 1983, the building is located at 504 2nd Ave in Coralville, IA 52241 (Johnson County). The property is described as close to IRL, U of I Hospitals and Kinnick, with nearby restaurants and coffee shops. It is also stated to be a short distance from two major interstates and within close proximity to bus lines.
The unit mix includes 5 units at 748 SF each, and 1 additional unit with several large closets, supporting a combination of two- and one-bedroom living options.
Built in 1983, the building is located at 504 2nd Ave in Coralville, IA 52241 (Johnson County). The property is described as close to IRL, U of I Hospitals and Kinnick, with nearby restaurants and coffee shops. It is also stated to be a short distance from two major interstates and within close proximity to bus lines.
The unit mix includes 5 units at 748 SF each, and 1 additional unit with several large closets, supporting a combination of two- and one-bedroom living options.
Key Highlights
- Six‑plex apartment building with five two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit
- Five units are 748 SF with 2 bdrm/1 bath plus one off‑street parking space
- Additional unit offers a 1 bdrm/1 bath layout with several large closets
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,021
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?
Apartment building - Six-unit apartment building zoned RES, built in 1983, offering off-street parking and a mix of two- and one-bedroom units.
Where is this apartment building located?
The property is located at 504 2nd Ave Coralville, IA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Six‑plex apartment building with five two‑bedroom, one‑bath units and one one‑bedroom, one‑bath unit; Five units are 748 SF with 2 bdrm/1 bath plus one off‑street parking space; Additional unit offers a 1 bdrm/1 bath layout with several large closets
