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20-Unit Student Housing Portfolio
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30 North Lucas Street, Iowa City, IA 52245

Scattered-site multifamily assets serving University of Iowa students near downtown Iowa City.

Property SizeContact for details
Days on Market6

Property Features for 30 North Lucas Street

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Asking Price $8,895,000
Multifamily Units 20

Building Details

Buildings 11
Units 20
Listing Agency: WSG CRE
Listed By: Tiffany Earl Williams · License #IA s41864000
Source: Crexi
Added: Aug 6 Changed: Aug 10 Last Checked: Aug 10 at 8:22AM

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 WSG CRE

Investment Insights

Based on property information with market context.

This multifamily portfolio comprises 11 scattered-site properties containing 20 units in Iowa City. The properties are positioned in near-downtown neighborhoods and are described as student housing serving the University of Iowa market.

The portfolio includes locations along Johnson, Burlington, Jefferson, Dodge, and Iowa Avenue, with each property within walking distance of the University of Iowa campus. The offering is based at 30 North Lucas Street, Iowa City, IA 52245. A blended proforma NOI of $581,412 corresponds to a 6.54% blended cap rate.

Key Highlights

  • 11‑property scattered‑site multifamily portfolio
  • 20 total units configured as student housing
  • Within walking distance of the University of Iowa campus

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service HVAC Service Nail Salon Auto Parts Store (Bike/Boat/Book/etc) Store Skin Care Clinic

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

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

1,728
Businesses Nearby

Demographics for 52245, IA

21,874
Population
10,210
Households
2.1
Avg Household Size
34
Median Age
68%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
2,604
Density / Sq Mi
$75,876
Median Household Income
$30,273
Median Earnings
$1,215
Median Rent
$293,300
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?
Multifamily property - Scattered-site multifamily assets serving University of Iowa students near downtown Iowa City.
Where is this multifamily property located?
The property is located at 30 North Lucas Street Iowa City, IA.
What is the asking price?
The asking price for this property is $8,895,000.
What are key features of this property?
This property features: 11‑property scattered‑site multifamily portfolio; 20 total units configured as student housing; Within walking distance of the University of Iowa campus
(319) 343-5542 Call to check price and availability
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