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Two-Unit Duplex with Parking
For Sale
$215,000

524 N Governor St, Iowa City, IA 52245

Residential, IowaCity, IA

Property SizeContact for details
Days on Market60

Property Features for 524 N Governor St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Parking 4
Parking features Off Street
Appliances RangeOrOven, Refrigerator, Dryer, Washer
Subdivision Iowa City (Original Town)
Elementary school Mann
Middle school Southeast
Directions Located on the East side of N Governor St. Alley with parking pad enter from Governor between Church & Fairchild.
Standard status Active
APN 1010176001

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 3960

Utilities

Heating system Forced Air
Cooling system Window Unit(s)

Amenities

separate entrances
LVP flooring
eat-in kitchen
laundry closet
outdoor space

Building Details

Year built 1900
Flooring type Laminate, Vinyl, Carpet
Building materials Vinyl, Frame
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Jamie Venzon
Added: Jun 27 Changed: Aug 19 Last Checked: Aug 25 at 10:06PM
MLS# 202604073

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 Iowa City duplex contains two one-bedroom, one-bath units with separate entrances and individual living areas. The main-level residence at 524 includes an eat-in kitchen, living room, full bathroom, laundry closet with stacked washer and dryer, LVP flooring, and one bedroom. The upper unit, identified as 524 1/2, offers a kitchen, living room, full bathroom, and a large bedroom.

An alley-accessed parking pad accommodates up to four cars. The property also includes a large lot with outdoor space and is situated near the University of Iowa campus. Additional features include range and refrigerator appliances, forced-air heat, window-unit cooling, and Res zoning. Built in 1900, the home has vinyl-frame construction with laminate, vinyl, and carpet flooring.

Key Highlights

  • Two 1 bedroom/1 bath units with separate entrances
  • Alley parking pad fits up to 4 cars
  • Main‑level unit includes stacked washer/dryer and eat‑in kitchen

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nail Salon Skin Care Clinic Electrical Service Auto Repair Shop Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,728
Businesses Nearby

Demographics for 52245, IA

21,874
Population
10,210
Households
2.1
Avg Household Size
34
Median Age
68%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
2,604
Density / Sq Mi
$75,876
Median Household Income
$30,273
Median Earnings
$1,215
Median Rent
$293,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately entered units include kitchens, laundry equipment, and dedicated off-street parking.
Where is this duplex located?
The property is located at 524 N Governor St Iowa City, IA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two 1 bedroom/1 bath units with separate entrances; Alley parking pad fits up to 4 cars; Main‑level unit includes stacked washer/dryer and eat‑in kitchen
More about this property
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