7-Unit Apartment
For Sale
$675,000
20 S Lucas St, Iowa City, IA 52240
Residential, IowaCity, IA
Property SizeContact for details
Days on Market8
Property Features for 20 S Lucas St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bathrooms
1
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2
Parking
4
Parking features
Garage, On Street, Off Street
Patio and Porch features
Porch
Interior features
KitDiningRmComb
Exterior features
FrontPorch
Appliances
RangeOrOven, Refrigerator
Subdivision
Iowa City (Original Town)
Elementary school
Longfellow
Middle school
Southeast
Directions
Close to downtown & campus between Dodge & Governor streets on east side of street.
Standard status
Active
APN
1010415008
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10570
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
Amenities
coin laundry
Building Details
Year built
1900
Flooring type
Vinyl, Carpet, Wood
Building materials
Vinyl, Frame
Architectural style
Other
Listing Agency:
RE/MAX Concepts · RE/MAX International
(319) 395-0101
Listed By:
Clay Claussen · License #S44241000
(319) 350-0798
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 31 at 2:06AM
MLS# 202605179
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 7-unit apartment building contains one-bedroom apartments with full bathrooms and kitchens. The property includes a coin-operated laundry area in the lower level, a detached single-car garage, front porch, and a combination of vinyl, carpet, and wood flooring. Lower-level apartments have both front and rear entrances. Separate HVAC systems serve the lower level and the upper two floors, with forced-air natural gas heat and central air conditioning.
Located at 20 S Lucas St in Iowa City, the property is within walking distance of downtown and campus. Apartment A has a lease expiring 12/31, while the remaining occupied apartments are leased through 7/31/27. Apartment D is currently vacant. Tenants pay gas and electric; ownership covers water, sewer, trash, and heat. The property is zoned RES.
Located at 20 S Lucas St in Iowa City, the property is within walking distance of downtown and campus. Apartment A has a lease expiring 12/31, while the remaining occupied apartments are leased through 7/31/27. Apartment D is currently vacant. Tenants pay gas and electric; ownership covers water, sewer, trash, and heat. The property is zoned RES.
Key Highlights
- 7‑unit apartment building with one‑bedroom, one‑bath apartments
- Apartment D is vacant; Apartment A lease expires 12/31 and remaining leases run through 7/31/27
- Within walking distance of downtown and campus
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 52240, IA
34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing residential property with one-bedroom apartments, separate HVAC systems, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 20 S Lucas St Iowa City, IA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 7‑unit apartment building with one‑bedroom, one‑bath apartments; Apartment D is vacant; Apartment A lease expires 12/31 and remaining leases run through 7/31/27; Within walking distance of downtown and campus
