Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    732 Michael St Iowa City, IA 52246

    For Sale
    $3,750,000

    Multi Family - IowaCity, IA

    Property size:
    8,064 SF
    Days on Market:
    65
    Last Refresh:
    Dec 11 at 7:06 pm

    Property Features for 732 Michael St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    COMM
    APN
    1016184003
    Parking features
    Off Street
    Appliances
    Oven, Range, Refrigerator
    Size
    8,064 SF

    Utilities

    Heating system
    Baseboard, Steam
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1971
    Building materials
    Frame
    Architectural style
    Other

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

    Listing agent Matthew Lepic (319) 351-8811

    Listing date Oct 8, 2025

    MLS# 202506132 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

    Multifamily Investment Near University Campus

    This multifamily property features 42 units across three buildings, each containing 14 units. The unit mix includes 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018. Various improvements have been implemented, including new carpeting, updated kitchens, and new tubs in many units. The property is located near UIHC and the West University of Iowa campus, within walking distance of Kinnick Stadium. Rents have steadily increased. Tenants are transitioning to RUBS for utility payments as they move into their new lease terms. The property size is 8064 square feet and is located in IowaCity, IA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Clothing Store Dental Office 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
    -91.54477
    Latitude
    41.652021

    Nearby Similar for Sale

    • $529,000

      Iowa City Mixed-Use Building

      Three-story live/work building in the Peninsula Neighborhood.
      1010 Martin St, Iowa City, IA 52245
      View Details
    • $1,875,000
      12,168 SF

      Iowa City Multifamily Investment Opportunity

      Two well-maintained buildings near University of Iowa offer redevelopment potential.
      5 Woolf Ave, Iowa City, IA 52240
      View Details
    • $420,000

      Well-Designed Office Near Downtown

      Attractive first-floor office space with high ceilings and natural light.
      250 E Court St, Iowa City, IA 52240
      View Details
    • $1,100,000
      Pending

      West Side Drive 12-Plex

      Iowa City 12-plex with excellent rental history and shared laundry.
      182 West Westside Dr, Iowa City, IA 52246
      View Details
    • $371,520

      Spacious Office with Modern Amenities

      Large office space with new HVAC and free parking.
      1700 S 1St Ave, Iowa City, IA 52240
      View Details
    • $1,450,000
      11,088 SF

      Iowa City Condominium Investment Opportunity

      Twelve 2-bed, 1.5-bath condominiums with garages, excellent rental history.
      403-461 Westwinds Dr, Iowa City, IA 52246
      View Details

    FAQs

    What type of property is this?
    Apartment building - 42-unit multifamily property near UIHC and University of Iowa campus.
    Where is this apartment building located?
    The property is located at 732 Michael St Iowa City, IA.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - High-density multifamily property with 42 units across 3 buildings.; - Prime location near UIHC, West University of Iowa campus, and Kinnick Stadium.; - 36 one-bedroom, one-bath units and 6 studio units offer diverse rental options.
    (319) 351-8811
    Request Owner's contact information
    732 Michael St Iowa City, IA 52246
    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.
    732 Michael St
    Iowa City, IA 52246
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    732 Michael St Iowa City, IA 52246
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.