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12-Unit Multifamily Condominium Portfolio
New
For Sale
$1,400,000

403 Westwinds Dr # 461, Iowa City, IA 52246

Residential, IowaCity, IA

Property SizeContact for details
Days on Market5

Property Features for 403 Westwinds Dr # 461

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multifamily Residential
Bathrooms 1
Full bathrooms 4
Rooms Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1
Parking 1
Parking features Garage
Patio and Porch features Deck
Interior features BreakfastBar, LivingRoomDiningRoomCombo
Exterior features Deck
Appliances Dishwasher, Dryer, Microwave, RangeOrOven, Refrigerator, Washer
Subdivision Monterey Court
Lot features Condo
Elementary school Borlaug
Middle school Northwest
Directions Melrose Ave then south on Westwinds Drive
Standard status Active
APN Multiple

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 23398
HOA Fee $41,040 Annually

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air

Amenities

breakfast bar
open concept living/dining area
stackable washer/dryer

Building Details

Year built 1982
Flooring type Carpet, Vinyl
Building materials Vinyl, Wood, Frame
Architectural style Other
Listing Agency: Blank & McCune Real Estate
Listed By: Teresa Morrow · License #B35393000
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 24 at 10:06AM
MLS# 202605148

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.

Investment Insights

Based on property information with market context.

This multifamily offering comprises 12 rental condominiums within the Monterey Court Condominium Regime. Each residence includes 2 bedrooms, 1.5 baths, a single-car garage, and an open arrangement connecting the living and dining areas. Kitchens include breakfast bars, while stackable washers and dryers provide in-unit laundry. Individual residences also include decks, dishwashers, microwaves, ranges, and refrigerators. Construction incorporates vinyl, wood, and frame materials, with carpet and vinyl flooring, forced-air natural gas heating, and central air conditioning.

The property is positioned along Westwinds Drive in Iowa City, with bus service and convenient access to UIHC, the university’s law and dental schools, shopping, and the interstate. The condominium regime is undertaking improvements that include new stairwells and garage doors. Multifamily Residential zoning applies to the property.

Key Highlights

  • 12 rental condominiums within the Monterey Court Condominium Regime
  • Each unit offers 2 bedrooms, 1.5 baths, and a single‑car garage
  • Open living and dining configuration with kitchen breakfast bars

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply 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

12
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

242
Businesses Nearby

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

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

What type of property is this?
Multifamily property - Income-producing condominium units feature open living areas, private garages, and in-unit laundry appliances.
Where is this multifamily property located?
The property is located at 403 Westwinds Dr # 461 Iowa City, IA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 12 rental condominiums within the Monterey Court Condominium Regime; Each unit offers 2 bedrooms, 1.5 baths, and a single‑car garage; Open living and dining configuration with kitchen breakfast bars
More about this property
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