12-Unit Apartment
For Sale
Contact for pricing
Pending
365 Ellis Ave, Iowa City, IA 52246
Multifamily property with consistent three-bedroom layouts and off-street parking in Iowa City.
Property SizeContact for details
Days on Market143
Property Features for 365 Ellis Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Net Operating Income
$89,775
Financials
Cap Rate
5.8%
Gross Income
$166,452
Average Monthly Rent
$1,171
Units
Unit Mix
12 x 3BR/1BA
Multifamily Units
12
Listing Agency:
Iowa City Commercial Real Estate
(319) 331-6187
Listed By:
Jeff Edberg · License #IA B33730000
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 31 at 7:47AM
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 Iowa City Commercial Real Estate
Investment Insights
Based on property information with market context.
This 12-unit apartment building offers a uniform configuration of three bedrooms and one bathroom per residence, with each unit measuring approximately 950 square feet. The property includes an off-street parking lot behind the building and is subject to tenant rights, including 48 hours’ notice for access.
The building is located in Manville Heights near the Visual Arts Building, U of I Art Library, Hancher, and Levitt Center. The property’s reported capitalization rate is 5.8%, and associated documents include financial statements, pro forma materials, and a rent roll.
The building is located in Manville Heights near the Visual Arts Building, U of I Art Library, Hancher, and Levitt Center. The property’s reported capitalization rate is 5.8%, and associated documents include financial statements, pro forma materials, and a rent roll.
Key Highlights
- 12‑unit apartment building with three‑bedroom, one‑bath units
- Approximately 950 square feet per unit
- Off‑street parking lot located behind the building
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,185
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 - Multifamily property with consistent three-bedroom layouts and off-street parking in Iowa City.
Where is this apartment building located?
The property is located at 365 Ellis Ave Iowa City, IA.
What are key features of this property?
This property features: 12‑unit apartment building with three‑bedroom, one‑bath units; Approximately 950 square feet per unit; Off‑street parking lot located behind the building
