10-Unit Apartment
For Sale
$950,000
2432 Petsel Pl, Iowa City, IA 52246
10-plex with functional unit layouts and ample off-street parking, currently maintaining steady occupancy.
Property SizeContact for details
Days on Market49
Property Features for 2432 Petsel Pl
General Information
Standard status
Active
Property subtype
Multi-Family
Additional Details
Multifamily Units
10
Building Details
Year Built
7488
Tenancy
Multi
Listing Agency:
Westwinds Real Estate Services, Inc.
Listed By:
Teague Case · License #B62070000
(319) 354-3792
Source:
Kwlegacyrealty
Added: Jul 20
Changed: Aug 23
Last Checked: Sep 5 at 10:49AM
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.
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
Property Profile
Current Use
Lease Details
10
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?
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
