Two-Unit Duplex
For Sale
Contact for pricing
530 E WASHINGTON ST, Iowa City, IA 52240
Two residential units near the University of Iowa campus and downtown Iowa City support a convenient rental setting.
Property Size1,960 SF
Lot Size0.41 Acres
Price / SF$298.47
Days on Market14
Property Features for 530 E WASHINGTON ST
General Information
Standard status
Active
Size
1,960 SF
Lot size
0.41 Acres
Property subtype
Multifamily
Building Details
Year Built
1900
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
WSG CRE
(319) 343-5542
Listed By:
Tiffany Earl Williams · License #IA s41864000
Source:
Crexi
Added: Jul 22
Changed: Aug 3
Last Checked: Aug 3 at 3:21AM
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 WSG CRE
Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains two residential units within one building, with a combined 1,960 square feet. The property includes eight bedrooms and three bathrooms, providing a substantial residential configuration on a 0.41-acre parcel.
The address is near the University of Iowa campus, University of Iowa Health Care, downtown Iowa City, and major employment centers. A 6.40% cap rate is reported for the offering, while the property's proximity to university, health care, downtown, and employment destinations places it within an established rental market.
The address is near the University of Iowa campus, University of Iowa Health Care, downtown Iowa City, and major employment centers. A 6.40% cap rate is reported for the offering, while the property's proximity to university, health care, downtown, and employment destinations places it within an established rental market.
Key Highlights
- Two residential units in one duplex building
- Eight bedrooms and three bathrooms
- 1,960 square feet of property size
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 | $27.0k | $13.80 |
| − Vacancy | −$1.2k | −$0.62 |
| EGI | $25.8k | $13.18 |
| − OpEx | −$7.7k | −$3.95 |
| NOI | $18.1k | $9.23 |
1,960 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.3K
$226.0K – $301.4K
NOI $18,082 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$239.5K
$209.6K – $279.4K
NOI $16,765 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$425.8K
$372.6K – $496.8K
NOI $29,805 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,194
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units near the University of Iowa campus and downtown Iowa City support a convenient rental setting.
Where is this duplex located?
The property is located at 530 E WASHINGTON ST Iowa City, IA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two residential units in one duplex building; Eight bedrooms and three bathrooms; 1,960 square feet of property size
