Split-Level Duplex with Two Garages

409 S 7th Avenue, Iowa City, IA 52245

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For Sale

$299,950

MULTI_FAMILY - Iowa City, IA

Property size:

1,146 SF

Lot size:

0.02 Acres

Price / SF:

$261/SF

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.

We can help!

Contact an agent

Mike Graf-Graf Home Selling Team

For Sale

$299,950

MULTI_FAMILY - Iowa City, IA

Property size:

1,146 SF

Lot size:

0.02 Acres

Price / SF:

$261/SF

Added:: Apr 7, 2026
Days on Market:: 87
Last Refresh:: Jul 2 at 2:06 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

We can help!

Contact an agent

Mike Graf-Graf Home Selling Team

Listing agent Mike Graf-Graf Home Selling Team

Listing office GRAF REAL ESTATE, ERA POWERED 2252 Blairsferry Rd, Hiawatha, IA

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

A split-level duplex on a corner lot, configured as two rentable units. The upper level offers a 2-bedroom, 1-bath layout. The lower level provides a one-bedroom or studio-style configuration. Each level includes its own in-unit laundry and appliances. Access is designed for separate living, with an attached one-stall garage supporting convenient entry for the lower-level unit, while a separate front door provides straightforward access to the upper unit.

The property is located at 409 S 7th Avenue in Iowa City, Johnson County. With the added one-stall garage located on a neighboring lot, there is also room for driveway parking and outdoor use, including gardening or entertaining, within a spacious and manageable yard. Both units are currently tenant occupied on month-to-month leases.

This layout offers flexibility for investors seeking rental income from two separate units, or owner-occupants looking for the option to live in one unit while renting the other. The unit separation, in-unit laundry, and dedicated garage arrangements are practical features for tenant comfort and ongoing ease of operation. The home is described as being just minutes from downtown, parks, and the University of Iowa, supporting convenient everyday access to shopping, dining, and entertainment.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Iowa City
County: Johnson
State: Iowa
Longitude: -91.511778
Latitude: 41.656519

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For sale
Duplexes
IA
Iowa City
52245
409 S 7th Avenue

What type of property is this?

Duplex - Corner-lot split-level duplex with two tenant-ready units, in-unit laundry, and two one-stall garage spaces.

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 $299,950.

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.

409 S 7th Avenue, Iowa City, IA 52245

MULTI_FAMILY - Iowa City, IA

Property Features for 409 S 7th Avenue

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

ADA-Accessible Office Suite with Atrium

Leased NNN Retail Investment

Elevator-Served Office Suites

Historic Restaurant and Bar Building

Flex Building with Heated Shop

Windowed Office Suite with Signage

Remodeled Two-Story Duplex

Elevator-Served Office Condo

Elevator-Served Office Building

Three-Parcel Commercial Site

Flex Office-Bay Building

Restaurant Condo Building with Patio

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