Building Details

Year Built 1977

Listing Agency: CENTURY 21 Signature Real Estate

Listed By: Teresa Dodge · License #IA

Source: Crexi

Added: May 21 Changed: Oct 11 Last Checked: Oct 14 at 9:47PM

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Investment Insights

Based on property information with market context.

This duplex is situated in a desirable Coralville location, offering convenient access to shopping and the interstate. The property features a split main floor layout with finished basements for both sides. Access to both units is available through a shared front door. One unit is connected to the garage, while the other has a side entrance to the yard. Recent updates include a new roof and siding installed in 2021. Unit A has a replaced furnace (2022), AC (2024), washer and dryer (2024), carpet (2024), and LVP flooring (2024). Unit B features a replaced furnace (2014), water heater (2024), washer and dryer (2025), carpet (2022), and LVP flooring (2022). Tenants are responsible for all utilities, which are separately metered. The property offers the potential for owner occupancy on one side with rental income from the other. Current rents are $1795 and $1595. The floor plan diagram represents the unit with attached garage access; the other unit has a similar layout. The property size is 2840 square feet.

Key Highlights

• New Roof and Siding (2021).
• Recent major replacements in Side A: Furnace (2022), AC (2024), Washer/Dryer (2024), Carpet (2024), and LVP (2024).
• Potential for owner occupancy on one side with rental income from the other.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,200

Cap Rate

7.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$524,000 $524.0K

Cap Rate 7%

$374,286 $374.3K

Cap Rate 9%

$291,111 $291.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,840 SF

Gross rent

$39.2K $13.80/SF

− Vacancy

−$1.8K −$0.62/SF

EGI

$37.4K $13.18/SF

− OpEx

−$11.2K −$3.95/SF

NOI

$26.2K $9.23/SF

Area

Johnson County, IA

Vacancy

4.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$524,000

Cap Rate 7%

$374,286

Cap Rate 9%

$291,111

Alternative Uses

Best Use

Multifamily LT 5

$374.3K

$327.5K – $436.7K (±1% cap)

NOI $26,200 @ 7.0% cap · market cap 7.18%

Second Best

Apartment 5plus

$347.0K

$303.7K – $404.9K (±1% cap)

NOI $24,292 @ 7.0% cap · market cap 6.66%

Theoretical Best

Office A

$616.9K

$539.8K – $719.8K (±1% cap)

NOI $43,186 @ 7.0% cap · market cap 11.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Restaurant Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

194

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

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 - Well-maintained duplex in Coralville with updated features and tenant-paid utilities.

Where is this duplex located?

The property is located at 1467 Valley View Dr. Coralville, IA.

What is the asking price?

The asking price for this property is $364,900.

What are key features of this property?

This property features: New Roof and Siding (2021).; Recent major replacements in Side A: Furnace (2022), AC (2024), Washer/Dryer (2024), Carpet (2024), and LVP (2024).; Potential for owner occupancy on one side with rental income from the other.**