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
    The Largest CRE Database in the US with Over 1 Million Listings

    838-840 Page St Iowa City, IA 52240

    Sponsored
    For Sale
    $329,900

    Multi Family - IowaCity, IA

    Property size:
    2,142 SF
    Days on Market:
    6
    Last Refresh:
    Feb 7 at 3:06 pm

    Property Features for 838-840 Page St

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    Res
    APN
    1015180002
    Parking features
    Off Street
    Appliances
    Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
    Size
    2,142 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1983
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Brick, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Jensen

    Lepic-Kroeger, REALTORS (319) 351-8811

    Listing agent Michael Jensen (319) 351-8811

    Listing date Feb 2, 2026

    MLS# 202600894 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.

    Learn more

    Property Insight Report

    Overview

    Iowa City Duplex For Sale

    This well-cared for duplex is located south of downtown Iowa City and close to bus routes. Each of the two units includes a living room, kitchen, and half bath on the main level, as well as laundry facilities. Upstairs, each unit features two bedrooms and a 3/4 hall bath. The property provides off-street parking for each unit, plus street parking for guests. The exterior features partial brick and vinyl siding, enhancing curb appeal. Small patios are located at the back of each unit. The property size is 2142 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 Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.524632
    Latitude
    41.651698

    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
    • Contact for pricing
      293.29 Acres

      Iowa Land Near Iowa City

      293.29 acre tract near Iowa City and Interstate 80.
      4963 Lower West Branch Rd SE, Iowa City, IA 52240
      View Details
    • New
      $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
    • $1,050,000
      3,855 SF

      Eastside Office Suites For Sale

      High-visibility office suites in IowaCity, ideal for owner-user or investment.
      673 Westbury Dr, Iowa City, IA 52245
      View Details
    • Contact for pricing
      293.29 Acres

      Iowa Farmland Near Iowa City

      293.29 acre Iowa farmland tract near Iowa City.
      4963 Lower West Branch Rd, Iowa City, IA 52240
      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
    • $670,000
      0.41 Acres

      Downtown Iowa City Office Suite

      Office suite for sale in downtown Iowa City.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $1,175,000
      Pending

      Iowa City Multi-Family Investment

      8-plex with strong rental income potential in Iowa City.
      645 S Lucas St, Iowa City, IA 52240
      View Details
    • $1,000,000

      Iowa City Commercial Suite ForSale

      5060 SF commercial suite available for sale.
      2545 N Dodge St, Iowa City, IA 52245
      View Details
    • $157,000
      0.10 Acres

      Medical Office Investment Opportunity

      Leased medical office space with renewal options and escalations.
      207 Scott Ct, Iowa City, IA 52245
      View Details
    • $5,500,000
      2.57 Acres

      Leased Investment Opportunity in Iowa City

      Long-term tenants, stable income, and high-traffic location.
      425 Highway 6 E, Iowa City, IA 52240
      View Details
    • $4,750,000
      28,545 SF

      Iowa City Class A Building

      Class A building fully leased with income potential in IowaCity.
      2346 Mormon Trek Blvd, Iowa City, IA 52246
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex near downtown Iowa City with off-street parking.
    Where is this duplex located?
    The property is located at 838-840 Page St Iowa City, IA.
    What is the asking price?
    The asking price for this property is $329,900.
    What are key features of this property?
    This property features: - Great location south of downtown Iowa City and close to bus routes.; - Two units, each with 2 bedrooms and 1.75 bathrooms, living room, and kitchen.; - Laundry in each unit.
    (319) 351-8811
    Request Owner's contact information
    838-840 Page St Iowa City, IA 52240
    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.
    838-840 Page St
    Iowa City, IA 52240
    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
    838-840 Page St Iowa City, IA 52240
    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

    We can help!
    Listing Contact
    Michael Jensen
    (319) 351-8811
    Learn more
    Google sign-in failed. Please try again or use another login method.