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Four Two-Bed Rental Condominiums
For Sale
$500,000

433 Westwinds Dr, Iowa City, IA 52246

MULTI_FAMILY - Other - IowaCity, IA

Property SizeContact for details
Days on Market131

Property Features for 433 Westwinds Dr

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multifamily Residential
Bathrooms 1
Full bathrooms 4
Rooms Bathroom 4, Bathroom 2, Bathroom 3, 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 7830
HOA Fee $13,680 Annually

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

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: Apr 9 Changed: Aug 1 Last Checked: Aug 17 at 4:06AM
MLS# 202602378

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 quadplex offers four rental condominiums in the Monterey Court Condominium Regime along Westwinds Drive. Each unit features two bedrooms, 1.5 bathrooms, and a single-car garage, with an open concept living/dining area and a kitchen breakfast bar. Interiors include stackable washer and dryer in each unit, plus appliances such as dishwasher, microwave, range/oven, and refrigerator. Flooring includes carpet and vinyl. Comfort is supported by natural gas forced-air heating and central air, and each unit has a deck.

The condo regime is in the process of completing improvements, including new stairwells and garage doors. The property is described as conveniently located for tenants, including access to a bus line with a quick commute to UIHC, law and dental schools, and shopping, as well as the interstate.

Built in 1982, the community is positioned for resident convenience with both garage parking and outdoor deck space for each condominium.

Key Highlights

  • Four rental condominium units in the Monterey Court Condominium Regime
  • Each condo offers two bedrooms, 1.5 baths, and a single‑car garage
  • Stackable washer and dryer in each unit

Property Analytics

Current Use

Quadplexes

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

4
Residential units
Multi-tenant
Tenancy

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?
Quadplex - Four 2-bedroom, 1.5-bath rental condos with single-car garages, central air, and stackable washer and dryer.
Where is this quadplex located?
The property is located at 433 Westwinds Dr Iowa City, IA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four rental condominium units in the Monterey Court Condominium Regime; Each condo offers two bedrooms, 1.5 baths, and a single‑car garage; Stackable washer and dryer in each unit
More about this property
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