Add Listing
    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

    1011 Hudson Ave Iowa City, IA 52246

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Well-maintained four-unit property in a desirable Iowa City location.

    Property Features for 1011 Hudson Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jill Hartke
    Source: Crexi

    Listing Agency: CENTURY 21 Signature Real Estate Listing Agent: Jill Hartke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Iowa City Four-Unit Investment Property

    Located in the heart of Iowa City, 1011 Hudson Ave is a well-maintained four-unit investment property offering strong income potential in a highly desirable rental market. Each unit features practical layouts with comfortable living spaces that attract consistent tenant demand. Conveniently situated just minutes from downtown Iowa City, the University of Iowa, parks, shopping, and dining, this property combines location, stability, and long-term value. This fourplex presents a solid opportunity in a thriving community.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.5456928
    Latitude
    41.6484181

    Nearby Similar for Sale

    • $825,000
      3,890 SF

      Downtown Iowa City Office Condo

      Office condo in downtown Iowa City with conversion potential.
      22 S Linn St, 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
    • $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
    • $1,000,000

      Iowa City Commercial Suite ForSale

      5060 SF commercial suite available for sale.
      2545 N Dodge St, 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
    • $950,000
      Pending

      Iowa City Commercial Building For Sale

      2752 SF commercial building on 0.81 acres in Iowa City.
      955 Mormon Trek Blvd, Iowa City, IA 52246
      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
    • $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
    • $4,300,000
      2.61 Acres

      Iowa City Leased Investment Opportunity

      Commercial property with long-term tenants and highway visibility.
      24 Sturgis Corner Dr, Iowa City, IA 52246
      View Details
    • $3,650,000
      8,064 SF

      Multifamily Investment Near University Campus

      42-unit multifamily property near UIHC and University of Iowa campus.
      732 Michael St, Iowa City, IA 52246
      View Details
    • $800,000
      1.01 Acres

      Restaurant and Retail Space Available

      Commercial space with restaurant buildout and warehouse access.
      1029 S Riverside Dr, Iowa City, IA 52246
      View Details
    • $1,450,000
      11,088 SF

      Iowa City Condominium Investment Opportunity

      Twelve condominiums with rental history near UIHC and schools.
      403 Westwinds Dr, Iowa City, IA 52246
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit property in a desirable Iowa City location.
    Where is this quadplex located?
    The property is located at 1011 Hudson Ave Iowa City, IA.
    What are key features of this property?
    This property features: - Prime location in the heart of Iowa City, near downtown and the University of Iowa.; - Well-maintained four-unit investment property.; - Strong income potential in a highly desirable rental market.
    Request Owner's contact information
    1011 Hudson Ave 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.
    1011 Hudson Ave
    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 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
    1011 Hudson Ave 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jill Hartke
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!