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Iowa City Duplex For Sale
For Sale
$323,000

841-843 S Summit, Iowa City, IA 52245

Conveniently located duplex in Iowa City with leases through July 2026.

Property SizeContact for details
Days on Market195

Property Features for 841-843 S Summit

General Information

Standard status Active
Property subtype Multi-Family

Amenities

CentralAir
ForcedAir
NaturalGas
Dryer
RangeOrOven
Refrigerator
Washer
CitySewer, CityWater

Building Details

Year Built 1939
Listing Agency: Keller Williams Legacy Group
Listed By: Michelle Bennett · License #IA
Source: Kw
Added: Feb 26 Changed: Sep 8 Last Checked: Sep 8 at 10:26AM

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 Keller Williams Legacy Group

Investment Insights

Based on property information with market context.

This Iowa City duplex offers charm and is conveniently located. The property is neat and clean inside and out. The backyard includes hand-built stone walls. Each unit features a one-stall garage space and a basement with individual laundry facilities. Each unit also includes a living room, kitchen, bath, and bedroom, with bonus sunrooms suitable for small offices, reading rooms, or breakfast nooks. The basements provide extra storage space. The current rental permit is in place and has just been renewed, with leases extending through July 2026.

Key Highlights

  • Leases in place through July 2026 providing immediate rental income.
  • Current rental permit is in place and recently renewed.
  • Ideal for investors or house‑hacking.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Skin Care Clinic HVAC Service Butcher 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.

Location Intelligence

Trade Area within ½ mile

914
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Conveniently located duplex in Iowa City with leases through July 2026.
Where is this duplex located?
The property is located at 841-843 S Summit Iowa City, IA.
What is the asking price?
The asking price for this property is $323,000.
What are key features of this property?
This property features: Leases in place through July 2026 providing immediate rental income.; Current rental permit is in place and recently renewed.; Ideal for investors or house‑hacking.
More about this property
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