Multifamily Investment Property Near
For Sale
$3,750,000
732 736 740 Michael St, Iowa City, IA 52246
Three buildings with 42 units near UIHC and Kinnick Stadium.
Property Size8,064 SF
Price / SF$465.03
Days on Market189
Property Features for 732 736 740 Michael St
General Information
Standard status
Active
Size
8,064 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$51,506
Amenities
Yes
Common Area
Public
1.05
irr
Slab
Building Details
Year Built
1971
Listing Agency:
Blank & McCune Real Estate
(319) 393-0900
Listed By:
Alex Miller
Source:
Pinnaclerealtyia
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 1 at 9:13AM
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 Blank & McCune Real Estate
Investment Insights
Based on property information with market context.
This multifamily property features 42 units across three buildings, each containing 14 units. The unit mix includes 36 one-bedroom, one-bath units and 6 studio units. The property has undergone several renovations, including roof replacements in 2018. Many units feature new carpeting, updated kitchens, and new bathtubs. The property is located near the University of Iowa Hospitals & Clinics (UIHC) and the West University of Iowa campus, and is within walking distance of Kinnick Stadium. The total property size is 16128 square feet. Rents have shown a pattern of steady increases. Tenants are transitioning to a Ratio Utility Billing System (RUBS) for utility payments as they enter new lease terms.
Key Highlights
- Conveniently located near UIHC, West University of Iowa campus, and Kinnick Stadium.
- 42 multifamily units (36 one‑bedroom, one‑bath and 6 studio units).
- Roofs replaced in 2018.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,513
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three buildings with 42 units near UIHC and Kinnick Stadium.
Where is this apartment building located?
The property is located at 732 736 740 Michael St Iowa City, IA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Conveniently located near UIHC, West University of Iowa campus, and Kinnick Stadium.; 42 multifamily units (36 one‑bedroom, one‑bath and 6 studio units).; Roofs replaced in 2018.
