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70-Unit Apartment Building
For Sale
Contact for pricing
Pending

316 S Madison St, Iowa City, IA 52240

Multifamily property with one- and two-bedroom residences near the University of Iowa campus.

Property SizeContact for details
Days on Market142

Property Features for 316 S Madison St

General Information

Standard status Pending
Class Class A
Property subtype Multifamily

Additional Details

Multifamily Units 70
Listing Agency: CBRE - Des Moines
Listed By: Ryan Jensen · License #IA F00261000
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 3:54PM

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 CBRE - Des Moines

Investment Insights

Based on property information with market context.

This multifamily property at 316 S Madison St includes 70 apartment units with a mix of one-bedroom, one-bath residences and two-bedroom, two-bath residences. The unit configuration provides a range of apartment layouts within one residential asset.

The property is located in Iowa City near the University of Iowa campus, placing it within the campus-area market. The address is 316 S Madison St, Iowa City, IA 52240.

Key Highlights

  • 70‑unit apartment property
  • Unit mix includes 1‑bed/1‑bath and 2‑bed/2‑bath residences
  • Located near the University of Iowa campus

Property Analytics

Current Use

316 Maddie Apartment Building CG Hanson, Inc. Construction Company

Suggested Use

Top Pick HVAC Service Nail Salon Storage Facility Furniture & Home Goods (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

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

70
Residential units

Location Intelligence

Trade Area within ½ mile

2,861
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with one- and two-bedroom residences near the University of Iowa campus.
Where is this apartment building located?
The property is located at 316 S Madison St Iowa City, IA.
What are key features of this property?
This property features: 70‑unit apartment property; Unit mix includes 1‑bed/1‑bath and 2‑bed/2‑bath residences; Located near the University of Iowa campus
(515) 314-1715 Call to check price and availability
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