Short-Term Rental Property with Commercial
For Sale
$5,950,000
320 2nd St, Coralville, IA 52241
Residential, Coralville, IA
Property SizeContact for details
Days on Market102
Property Features for 320 2nd St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
I2
Bathrooms
1
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
Parking
4
Parking features
Off Street
Appliances
Range or Oven, Refrigerator, Microwave
Subdivision
Coralville Commercial
Lot features
Two to Five Acres
Elementary school
Lincoln
Middle school
Southeast
Directions
On the Coralville Strip, east of the Clear Creek Trail and west of the new Gather Iowa Development.
Standard status
Active
APN
1008205005
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
30748
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s), Central Air
Building Details
Year built
1963
Flooring type
Tile, Carpet
Building materials
Wood, Brick, Frame
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Jeff Edberg · License #B33730000
(319) 331-6187
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 31 at 12:06AM
MLS# 202604575
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1963, the property contains 83 short-term rental units: 80 studios or one-bedroom units, two two-bedroom units, and one three-bedroom unit. Most lodging units are in the wraparound building at the rear. A management office occupies part of the first floor of the north building, alongside approximately 3,500 square feet of vacant commercial space; another 1,000-square-foot commercial suite is vacant on the second floor.
The property is at 320 2nd St in Coralville and is zoned I2. Its reported capitalization rate is just over 10%.
The property is at 320 2nd St in Coralville and is zoned I2. Its reported capitalization rate is just over 10%.
Key Highlights
- 83 short‑term rental units: 80 studios or one‑bedroom units, two two‑bedroom units, and one three‑bedroom unit
- Approximately 3,500 feet of vacant commercial space on the first floor
- Vacant 1,000‑foot commercial suite on the second floor
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
83
Residential units
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 52241, IA
22,319
Population
10,294
Households
2.2
Avg Household Size
34
Median Age
57%
College-Educated
95%
High-School Grad
13.5 sq mi
ZIP Area
1,653
Density / Sq Mi
$66,508
Median Household Income
$40,504
Median Earnings
$1,021
Median Rent
$286,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Short term rental property - The property combines lodging units with vacant commercial suites on two floors.
Where is this short term rental property located?
The property is located at 320 2nd St Coralville, IA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 83 short‑term rental units: 80 studios or one‑bedroom units, two two‑bedroom units, and one three‑bedroom unit; Approximately 3,500 feet of vacant commercial space on the first floor; Vacant 1,000‑foot commercial suite on the second floor
