2432 Petsel Pl Iowa City, IA 52246

Building Details

Year Built

7488

Listing agency Westwinds Real Estate Services, Inc. Show Phone

Listed by Teague Case

Source Kwlegacyrealty

Added: Jul 20 Updated: Jul 21 at 2:02PM Checked: Jul 22 at 4:51AM

Report an Issue

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 10-unit apartment building offers functional unit layouts and ample off-street parking for residents. The property is presented as an easy-to-rent asset with a strong rental history, consistently low vacancy, and steady occupancy maintained by current ownership.

Situated on the west side of Iowa City, the building is described as being near shopping, transit, and UIHC. The public remarks note in-place income with value-add components, including opportunities to increase NOI through a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income.

For investors seeking a multi-unit income property with practical improvement opportunities, this 10-plex is positioned as a cash-flowing asset within a stable rental corridor, based on the information provided.

Key Highlights

• 10‑plex on the west side of Iowa City with a strong rental history and consistently low vacancy
• Steady occupancy maintained by current ownership for in‑place rental income
• Functional unit layouts plus ample off‑street parking

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $700,000

  7,000 SF

  Heated Automotive Shop with Pull-Through

  Heated shop space with pull-through access, oversized overhead doors on both ends, and two garage bays plus an in-place bathroom.

  1208 Gilbert Ct, Iowa City, IA 52240

  View Details
• 

  $1,100,000

  4,139 SF

  Downtown Executive Office Suites

  Executive office suites with shared lobby, kitchenette, and bathrooms, plus deeded parking included with the unit.

  332 S Linn St, Iowa City, IA 52240

  View Details
• 

  $1,000,000

  5,060 SF

  Medical Office Suite for Buildout

  A flexible medical office suite with abundant windows, finished restrooms, and space already configured for two areas.

  2545 N Dodge St, Iowa City, IA 52245

  View Details
• 

  $1,599,000

  18,390 SF

  Flex Building with Multiple Bays

  Flex/industrial building features large vehicle bays, office area, and separate bays with bathrooms.

  615 Highway 1 W, Iowa City, IA 52246

  View Details
• 

  $1,200,000

  8,420 SF

  Brick Office and Attached Warehouse

  Brick office building with an attached warehouse featuring an oversized garage door, multiple restrooms, and a break room.

  408 Highland Ct, Iowa City, IA 52240

  View Details
• 

  $1,100,000

  13,010 SF

  Flexible Office Building

  Distinctive office layout with abundant open areas and parking, with updates needed to realize its full potential.

  1916 Waterfront Dr, Iowa City, IA 52240

  View Details
• 

  $2,200,000

  37,875 SF

  Partially Leased Office Building

  Substantially sized office building with large floor plates, partially leased, and remaining second/third floor vacancy.

  2937 Sierra Ct SW, Iowa City, IA 52240

  View Details
• 

  $2,500,000

  17,967 SF

  Two-Level Office Suite with Atrium

  Office suite combines open plan work areas, offices, and cubicles across two ADA-accessible levels.

  2834 NORTHGATE DR, Iowa City, IA 52245

  View Details
• 

  $371,520

  3,096 SF

  Office Suite with Multiple Entrances

  Office suite includes 14 private offices, enclosed reception, kitchenette, and multiple restrooms, with brand-new HVAC.

  1700 S 1st Ave, Iowa City, IA 52240

  View Details
• 

  $1,150,000

  4,560 SF

  Retail Space on Highway 1

  Retail property for sale with high visibility and access.

  521-525 Hwy 1 W, Iowa City, IA

  View Details
• 

  $1,100,000

  4,064 SF

  Executive Office Suite

  Executive office suite features shared lobby, kitchenette, and bathrooms, with deeded parking included in the purchase.

  332 S Linn St Unit 4, Iowa City, IA 52240

  View Details
• 

  $504,000

  2,190 SF

  Remodeled Two-Story Duplex

  Fully remodeled duplex with updated 2025 units and separate short- and long-term rental configurations.

  2407 Petsel Place, Iowa City, IA 52246

  View Details

FAQs

What type of property is this?

Apartment building - 10-plex with functional unit layouts and ample off-street parking, currently maintaining steady occupancy.

Where is this apartment building located?

The property is located at 2432 Petsel Pl Iowa City, IA.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 10‑plex on the west side of Iowa City with a strong rental history and consistently low vacancy; Steady occupancy maintained by current ownership for in‑place rental income; Functional unit layouts plus ample off‑street parking