Up-Down Duplex with Private
508 6th Street Coralville, IA 52241
508 6th Street, Coralville, IA, 52241
$275,000
For Sale
$275,000
Upstairs and downstairs units feature separate entrances, fenced yard access, onsite laundry for each unit, and an attached garage.
Property Size2,464 SF
Price / SF$111.61
Days on Market91
Property Features for 508 6th Street
General Information
- Standard status
- Active
- Size
- 2,464 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1955
Listing agency
Keller Williams Legacy Group
(319) 423-4139
Listed by
Ainsley Snyder
Source
Xome
Added: Apr 23 Updated: Jul 21 at 7:38AM Checked: Jul 22 at 3:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Legacy Group
Investment Insights
Based on property information with market context.
This up-and-down duplex offers two separate living spaces with independent access for each unit. The main level includes a great room with a fireplace, dining and entertaining space, and an attached garage. The lower level has a private entrance and is accessed through the fenced yard.
Onsite laundry is available for each unit. The property’s layout emphasizes privacy and day-to-day convenience with separate entrances between the two homes.
Located near IRL, the University of Iowa (U of I), and I-80, the duplex provides straightforward connectivity to local destinations.
Onsite laundry is available for each unit. The property’s layout emphasizes privacy and day-to-day convenience with separate entrances between the two homes.
Located near IRL, the University of Iowa (U of I), and I-80, the duplex provides straightforward connectivity to local destinations.
Key Highlights
- Up/down duplex built in 1955 with separate upstairs and downstairs units
- Each unit has a private, separate entrance and access through a fenced yard
- Onsite laundry available for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.0k | $13.80 |
| − Vacancy | −$1.5k | −$0.62 |
| EGI | $32.5k | $13.18 |
| − OpEx | −$9.7k | −$3.95 |
| NOI | $22.7k | $9.23 |
2,464 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.7K
$284.1K – $378.9K
NOI $22,731 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$301.1K
$263.5K – $351.3K
NOI $21,076 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$535.3K
$468.4K – $624.5K
NOI $37,469 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Upstairs and downstairs units feature separate entrances, fenced yard access, onsite laundry for each unit, and an attached garage.
Where is this duplex located?
The property is located at 508 6th Street Coralville, IA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Up/down duplex built in 1955 with separate upstairs and downstairs units; Each unit has a private, separate entrance and access through a fenced yard; Onsite laundry available for each unit
