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Brick Apartment Buildings with Parking

5 Woolf Ave, Iowa City, IA 52240

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For Sale

$1,875,000

MULTI_FAMILY - IowaCity, IA

Property size:

10,900 SF

Lot size:

0.40 Acres

Price / SF:

$172/SF

HighLights

Two brick apartment buildings on 0.40 acres directly across from the VA Hospital in Iowa City
Building 1 offers 9 studio units with approx. 500 SF each
Building 2 offers 8 two‑bedroom, 1‑bath apartments with approx. 800 SF each
Laundry rooms on site in both buildings
Plenty of off‑street parking including garages
Year built 1958; construction includes brick and concrete block with natural gas and forced‑air heating

We can help!

Contact an agent

Jeff Edberg

For Sale

$1,875,000

MULTI_FAMILY - IowaCity, IA

Property size:

10,900 SF

Lot size:

0.40 Acres

Price / SF:

$172/SF

Added:: Dec 4, 2025
Days on Market:: 211
Last Refresh:: Jul 3 at 5:06 am

Property Features for 5 Woolf Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: PRM
Bathrooms: 1
Rooms: Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Parking: 4
Parking features: Garage, Off Street
Interior features: Bookcases
Appliances: RangeOrOven, Refrigerator
Standard status: Active
APN: 1009301001
Lot size: 0.40 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 23514

Utilities

Heating system: Natural Gas, Electric (Heating), Forced Air

Building Details

Year built: 1958
Flooring type: Concrete, Wood
Building materials: Brick, ConcreteBlocks, Wood, Frame

We can help!

Contact an agent

Jeff Edberg

Listing agent Jeff Edberg License #IA B33730000

Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA

Listing date Dec 4, 2025

MLS# 202507216 Listing URL

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.

HighLights

Two brick apartment buildings on 0.40 acres directly across from the VA Hospital in Iowa City
Building 1 offers 9 studio units with approx. 500 SF each
Building 2 offers 8 two‑bedroom, 1‑bath apartments with approx. 800 SF each
Laundry rooms on site in both buildings
Plenty of off‑street parking including garages
Year built 1958; construction includes brick and concrete block with natural gas and forced‑air heating

Overview

The property consists of two well-maintained brick apartment buildings on 0.40 acres. Building 1 offers nine studio units, and Building 2 offers eight two-bedroom, one-bath apartments. Both buildings include on-site laundry facilities, supporting day-to-day convenience for residents. Off-street parking is available, including garages.

The buildings are located directly across from the VA Hospital and within a short walk of the UI Dental College and UIHC, placing the asset in a campus-adjacent setting. The listing is zoned PRM.

This configuration can be well suited to an operator seeking a stable residential income property, given the mix of studios and two-bedroom units and the existing on-site resident amenities. The campus-area positioning may also appeal to buyers considering future redevelopment, as the property is presented with that long-term outlook in mind. Please allow 48 hours’ notice for tenant access.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

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Location Insight

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Local Demand

City: Iowa City
County: Johnson
State: Iowa
Longitude: -91.550044
Latitude: 41.663573

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For sale
Apartment buildings
IA
Iowa City
52240
5 Woolf Ave

What type of property is this?

Apartment building - Two well-maintained brick apartment buildings across from the VA Hospital, with on-site laundry and plentiful off-street parking.

Where is this apartment building located?

The property is located at 5 Woolf Ave Iowa City, IA.

What is the asking price?

The asking price for this property is $1,875,000.

What are key features of this property?

This property features: Two brick apartment buildings on 0.40 acres directly across from the VA Hospital in Iowa City; Building 1 offers 9 studio units with approx. 500 SF each; Building 2 offers 8 two‑bedroom, 1‑bath apartments with approx. 800 SF each

5 Woolf Ave, Iowa City, IA 52240

MULTI_FAMILY - IowaCity, IA

Property Features for 5 Woolf Ave

General Information

Taxes and HOA fees

Utilities

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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