Townhouse-Style
For Sale
Contact for pricing
Pending
2427 Petsel Pl, Iowa City, IA 52246
West-side townhouse-style 4-plex with functional unit layouts and a long history of low vacancy.
Property Size5,532 SF
Days on Market217
Property Features for 2427 Petsel Pl
General Information
Standard status
Pending
Size
5,532 SF
Class
C
Property subtype
Multifamily
Zoning
Multifamily
Occupancy
75%
Investment Type
Value Add
Additional Details
Multifamily Units
4
Building Details
Year Built
1981
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Westwinds Real Estate Services, Inc.
Listed By:
Teague Case · License #B62070000
(319) 354-3792
Source:
Crexi
Added: Feb 2
Changed: Aug 8
Last Checked: Jul 24 at 6:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Westwinds Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This well-located townhouse-style 4-plex includes functional unit layouts and has operated with a long history of low vacancy and consistent rental income. The property presents an opportunity to enhance value over time through cosmetic updates and increased rents. With no HOA in place, the owner retains flexibility and control over ongoing improvements.
Located on the west side of Iowa City, the property’s single building configuration provides four units within the same asset. It is positioned for investors and operators seeking a straightforward income property with practical opportunities to modernize the interiors.
Overall, the property is a townhouse-style multifamily building designed around repeatable unit functionality across four homes, supported by the stated history of stable occupancy.
Located on the west side of Iowa City, the property’s single building configuration provides four units within the same asset. It is positioned for investors and operators seeking a straightforward income property with practical opportunities to modernize the interiors.
Overall, the property is a townhouse-style multifamily building designed around repeatable unit functionality across four homes, supported by the stated history of stable occupancy.
Key Highlights
- Townhouse‑style 4‑plex on the west side of Iowa City
- Year built: 1981
- Functional unit layouts
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 52246, IA
22,829
Population
10,627
Households
2.1
Avg Household Size
29
Median Age
67%
College-Educated
95%
High-School Grad
16.7 sq mi
ZIP Area
1,367
Density / Sq Mi
$55,088
Median Household Income
$28,598
Median Earnings
$1,049
Median Rent
$327,100
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?
Quadplex - West-side townhouse-style 4-plex with functional unit layouts and a long history of low vacancy.
Where is this quadplex located?
The property is located at 2427 Petsel Pl Iowa City, IA.
What are key features of this property?
This property features: Townhouse‑style 4‑plex on the west side of Iowa City; Year built: 1981; Functional unit layouts
