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Duplex with Two 1-Bedroom Units
For Sale
$215,000

524 N Governor St, Iowa City, IA 52245

Residential, IowaCity, IA

Property SizeContact for details
Days on Market58

Property Features for 524 N Governor St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Parking 4
Parking features Off Street
Appliances RangeOrOven, Refrigerator, Dryer, Washer
Subdivision Iowa City (Original Town)
Elementary school Mann
Middle school Southeast
Directions Located on the East side of N Governor St. Alley with parking pad enter from Governor between Church & Fairchild.
Standard status Active
APN 1010176001

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 3960

Utilities

Heating system Forced Air
Cooling system Window Unit(s)

Building Details

Year built 1900
Flooring type Laminate, Vinyl, Carpet
Building materials Vinyl, Frame
Listing Agency: Lepic-Kroeger, REALTORS
Listed By: Jamie Venzon
Added: Jun 27 Changed: Aug 19 Last Checked: Aug 23 at 4:06AM
MLS# 202604073

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 Iowa City duplex features two 1-bedroom, 1-bath units with separate entrances and dedicated off-street parking. The main level unit (524) includes LVP flooring, an eat-in kitchen, a laundry closet with a stacked washer/dryer, a living room, a full bath, and one bedroom. The upstairs unit (524 1/2) has a kitchen, living room, and a large bedroom.

The property includes an off-street parking pad in the alley that fits up to 4 cars. Heating is forced air, and cooling is provided by window unit(s). Appliances listed include a range or oven, refrigerator, washer, and dryer.

Built in 1900, this duplex is constructed with vinyl materials and frame. The layout supports owner-occupancy with rental income from the second unit, or can be added to an existing residential income portfolio.

Key Highlights

  • Two 1‑bedroom, 1‑bath units with separate entrances
  • Main level unit (524) with LVP flooring, eat‑in kitchen, and stacked washer/dryer
  • Upstairs unit (524 1/2) with kitchen, living room, and large bedroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nail Salon Skin Care Clinic Electrical Service Auto Repair Shop Auto Parts Store Garden Center

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,728
Businesses Nearby

Demographics for 52245, IA

21,874
Population
10,210
Households
2.1
Avg Household Size
34
Median Age
68%
College-Educated
99%
High-School Grad
8.4 sq mi
ZIP Area
2,604
Density / Sq Mi
$75,876
Median Household Income
$30,273
Median Earnings
$1,215
Median Rent
$293,300
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?
Duplex - This duplex in Iowa City offers two separate one-bedroom, one-bath units with off-street parking and forced-air heat.
Where is this duplex located?
The property is located at 524 N Governor St Iowa City, IA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units with separate entrances; Main level unit (524) with LVP flooring, eat‑in kitchen, and stacked washer/dryer; Upstairs unit (524 1/2) with kitchen, living room, and large bedroom
More about this property
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