Iowa City Multifamily Investment
409 S 7th Avenue, Iowa City, IA 52245
MULTI_FAMILY - Iowa City, IA
Property size:
1,146 SFLot size:
0.02 AcresPrice / SF:
$270/SF- Added:
- Apr 7, 2026
- Days on Market:
- 39
- Last Refresh:
- May 15 at 5:06 pm
Property Features for 409 S 7th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res
- Bedrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1
- Parking
- 3
- Standard status
- Active
- APN
- 1014201001
- Size
- 1,146 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Description
- As per legal
- Tax Annual Amount
- 4680
Building Details
- Year built
- 1992
- Number of units
- 2
- Building materials
- Frame
Listing agent Mike Graf-Graf Home Selling Team (319) 981-3702
Listing office GRAF REAL ESTATE, ERA POWERED 2252 Blairsferry Rd, Hiawatha, IA (319) 826-1861
Listing date Apr 7, 2026
MLS# 2602376
Listing URL
Copyright © 2026 Cedar Rapids 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.
HighLights
- Excellent Investment Opportunity: Split into two rentable units with instant cash flow potential.
- Prime Location: In the heart of Iowa City, minutes from downtown, parks, and the University of Iowa.
- Dual Income Potential or Owner‑Occupancy: Easily convert back to a single‑family home or live in one unit while renting the other.
- Two Separate Units: Upper level 2‑bedroom, 1‑bathroom unit and lower level 1‑bedroom/studio unit.
- Each unit has its own laundry and appliances.
- Two Garages: One attached single‑stall garage and an additional single‑stall garage/workshop on the neighboring lot.
Overview
Located in Iowa City, this property presents an investment or owner-occupant opportunity. The split-level home is configured as two rentable units. The upper level features a 2-bedroom, 1-bathroom unit. The lower level contains a one-bedroom/studio unit layout. Each level includes in-unit laundry and appliances. A one-stall attached garage provides access to the lower-level unit, while the front door provides access to the upper unit. An additional one-stall garage is located on the neighboring lot, suitable for use as a workshop or storage unit. The lot offers driveway parking and space for gardening or entertaining. The property is currently tenant-occupied on a month-to-month lease. The property can be converted back into a single-family home for owner occupancy, or the owner may live in one unit while renting out the other. The location provides rental appeal with access to shopping, dining, and entertainment. The property is located minutes from downtown, parks, and the University of Iowa. The units offer living spaces, functional layouts, and natural light. The property size is 1146 square feet and the lot size is 0.019 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Iowa City
- County
- Johnson
- State
- Iowa
- Longitude
- -91.511778
- Latitude
- 41.656519
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Charming duplex near downtown Iowa City and University of Iowa.
Where is this duplex located?
The property is located at 409 S 7th Avenue Iowa City, IA.
What is the asking price?
The asking price for this property is $309,950.
What are key features of this property?
This property features: Excellent Investment Opportunity: Split into two rentable units with instant cash flow potential.; Prime Location: In the heart of Iowa City, minutes from downtown, parks, and the University of Iowa.; Dual Income Potential or Owner‑Occupancy: Easily convert back to a single‑family home or live in one unit while renting the other.
