Two-Unit Duplex
For Sale
$850,000
717/719 E Jefferson St, Iowa City, IA 52246
Residential income property with two separate living units in Iowa City.
Property Size2,975 SF
Price / SF$285.71
Days on Market93
Property Features for 717/719 E Jefferson St
General Information
Standard status
Active
Size
2,975 SF
Property subtype
Multi-Family
Building Details
Year Built
1915
Listing Agency:
Skogman Realty Co
(319) 363-8286
Listed By:
Matt Smith Team
(319) 431-5859
Source:
Mattsmithteam
Added: Jul 16
Changed: Oct 6
Last Checked: Oct 14 at 10:37PM
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 Skogman Realty Co
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property at 717/719 E Jefferson St in Iowa City, IA, contains 2,975 square feet across two residential units. The building was constructed in 1915 and is configured as a two-unit residential income property.
The property is located in Iowa City, IA 52246, with separate unit addresses at 717 and 719 E Jefferson St. Its duplex configuration provides a defined multifamily format for residential ownership and leasing.
The property is located in Iowa City, IA 52246, with separate unit addresses at 717 and 719 E Jefferson St. Its duplex configuration provides a defined multifamily format for residential ownership and leasing.
Key Highlights
- Two‑unit duplex configuration
- 2,975 square feet of building area
- Constructed in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,445
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,900
$548.9K
Cap Rate 7%
$392,071
$392.1K
Cap Rate 9%
$304,944
$304.9K
Market Conditions
NOI Build-Up for 2,975 SF
Gross rent
$41.1K $13.80/SF
− Vacancy
−$1.8K −$0.62/SF
EGI
$39.2K $13.18/SF
− OpEx
−$11.8K −$3.95/SF
NOI
$27.4K $9.23/SF
Area
Johnson County, IA
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,900
Cap Rate 7%
$392,071
Cap Rate 9%
$304,944
Alternative Uses
Best Use
Multifamily LT 5
$392.1K
$343.1K – $457.4K
NOI $27,445 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$363.5K
$318.1K – $424.1K
NOI $25,447 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$646.3K
$565.5K – $754.0K
NOI $45,239 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,087
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with two separate living units in Iowa City.
Where is this duplex located?
The property is located at 717/719 E Jefferson St Iowa City, IA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 2,975 square feet of building area; Constructed in 1915
