Multifamily Portfolio with
New
For Sale
$520,000
805/807 20th Ave, Coralville, IA 52241
The offering combines a Coralville duplex and attached condominium units in Tiffin, with individual or package acquisition options.
Property Size3,332 SF
Price / SF$156.06
Days on Market2
Property Features for 805/807 20th Ave
General Information
Standard status
Active
Size
3,332 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
gas fireplace
Building Details
Year Built
1964
Listing Agency:
Skogman Realty Co
(319) 363-8286
Listed By:
Matt Smith Team
(319) 431-5859
Source:
Mattsmithteam
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:48AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily offering includes a duplex at 805/807 20th Ave in Coralville and attached condominium units at 530 and 534 in Tiffin. The duplex received a new HVAC system in 2025, while the Tiffin condos feature gas fireplaces. The listed property size is 3,332 square feet, and the year built is 1964.
The properties are located in Coralville and Tiffin, Iowa. The duplex is near downtown Coralville. The Tiffin units are in a community described as one of the Corridor’s fastest-growing.
The properties are located in Coralville and Tiffin, Iowa. The duplex is near downtown Coralville. The Tiffin units are in a community described as one of the Corridor’s fastest-growing.
Key Highlights
- 3,332 square feet listed for the property
- Duplex at 805/807 20th Ave in Coralville
- New HVAC system installed in 2025 at the Coralville duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,739
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,780
$614.8K
Cap Rate 7%
$439,129
$439.1K
Cap Rate 9%
$341,544
$341.5K
Market Conditions
NOI Build-Up for 3,332 SF
Gross rent
$46.0K $13.80/SF
− Vacancy
−$2.1K −$0.62/SF
EGI
$43.9K $13.18/SF
− OpEx
−$13.2K −$3.95/SF
NOI
$30.7K $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%
$614,780
Cap Rate 7%
$439,129
Cap Rate 9%
$341,544
Alternative Uses
Best Use
Multifamily LT 5
$439.1K
$384.2K – $512.3K
NOI $30,739 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$407.2K
$356.3K – $475.0K
NOI $28,501 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$723.8K
$633.4K – $844.5K
NOI $50,668 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 52241, IA
22,319
Population
10,294
Households
2.2
Avg Household Size
34
Median Age
57%
College-Educated
95%
High-School Grad
13.5 sq mi
ZIP Area
1,653
Density / Sq Mi
$66,508
Median Household Income
$40,504
Median Earnings
$1,021
Median Rent
$286,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - The offering combines a Coralville duplex and attached condominium units in Tiffin, with individual or package acquisition options.
Where is this multifamily property located?
The property is located at 805/807 20th Ave Coralville, IA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 3,332 square feet listed for the property; Duplex at 805/807 20th Ave in Coralville; New HVAC system installed in 2025 at the Coralville duplex
