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Vacant 9-Unit Apartment Building
New
For Sale
$399,900

416 S Dodge Street, Iowa City, IA 52240

MULTI_FAMILY - Other - IowaCity, IA

Property SizeContact for details
Days on Market7

Property Features for 416 S Dodge Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RM-12
Parking 4
Parking features Off Street
Patio and Porch features Porch
Interior features CableAvailable, RearStairs
Exterior features Garden, FrontPorch
Appliances Dryer, Washer
Elementary school Longfellow
Middle school Southeast
Directions South of Burlington Street on Dodge. LARGE onsite parking lot IN THE ALLEY as part of this property. House numbers also on back door area.
Subdivision IowaCity
Standard status Active
APN 1015103010

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7834

Utilities

Heating system Forced Air, Steam, Natural Gas
Cooling system Central Air

Building Details

Year built 1900
Floors in Building 2
Flooring type Engineered, Vinyl, Laminate
Building materials AluminumSiding, Vinyl, Frame
Architectural style Other
Listing Agency: RE/MAX Affiliates · RE/MAX International
Listed By: Rex Brandstatter · License #B00277000
Added: Jul 29 Changed: Aug 2 Last Checked: Aug 4 at 6:06AM
MLS# 202604730

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 vacant 9-unit apartment building is described as a rooming house with most rooms featuring kitchenettes. The unit mix includes 2 main kitchens and 3 baths, with rear stairs for interior access. Updates are noted as having occurred within the last 3 years, and the property includes cable availability, central air, and laundry appliances (washer and dryer). Heating is described as forced air and steam with natural gas, and the building is supported by aluminum siding, vinyl, and frame construction. Exterior features include a garden and a front porch.

The building is located at 416 S Dodge Street in Iowa City (Johnson County). Off-street parking is provided via a rear parking lot accessed off the City Alley.

Current condition items are noted in the remarks: a broken water pipe is referenced in the kitchen closet area, and Iowa City has inspected the property and identified several “routine” repairs (see inspection report). Gas, electric, and water are noted as off, and there is no report on the boiler or plumbing condition.

Key Highlights

  • Vacant 9‑unit apartment building described as a rooming house
  • Recently updated within the last 3 years
  • RM‑12 zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Storage Facility Home Appliance Store Tanning Salon

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

9
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,494
Businesses Nearby

Demographics for 52240, IA

34,224
Population
17,035
Households
2
Avg Household Size
29
Median Age
47%
College-Educated
94%
High-School Grad
142.1 sq mi
ZIP Area
241
Density / Sq Mi
$55,189
Median Household Income
$25,508
Median Earnings
$1,065
Median Rent
$241,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Vacant 9-unit apartment building in RM-12 zoning with central air and off-street parking behind the property.
Where is this apartment building located?
The property is located at 416 S Dodge Street Iowa City, IA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Vacant 9‑unit apartment building described as a rooming house; Recently updated within the last 3 years; RM‑12 zoning
More about this property
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