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Historic Multifamily Property
For Sale
$250,000

935 E College St, Iowa City, IA 52240

Historic residence with more than 18 rooms, residential zoning, and layouts adaptable to several rental configurations.

Property Size4,033 SF
Price / SF$61.99
Days on Market53

Property Features for 935 E College St

General Information

Standard status Active
Size 4,033 SF
Total Parking Spaces 2
Property subtype Multi-Family
Zoning RS12

Taxes and HOA fees

Annual Taxes $9,056

Amenities

Full
Yes
Public
0.174
2
110x69
Parking Space(s)
Public Maintained Road

Building Details

Year Built 1893
Listing Agency: GLD COMMERCIAL
Listed By: Star Horak
Source: Pinnaclerealtyia
Added: Aug 1 Changed: Sep 21 Last Checked: Sep 21 at 5:15AM

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 GLD COMMERCIAL

Investment Insights

Based on property information with market context.

The Lindsay House, also known as Bloom County House, is a historic multifamily property built in 1893 and listed on the National Register of Historic Places. Its interior retains architectural character, including pocket doors, and provides more than 18 rooms that have supported residential and room-rental configurations. The property has previously operated as a private residence, sorority, apartments, and a rooming house.

Located at 935 E College St in Iowa City, the property is near the University of Iowa campus, hospital facilities, downtown offices, and area amenities. RS12 residential zoning supports residential use; bed and breakfast, apartment, room-rental, private office, and commercial or retail applications are identified in the property information, with some uses subject to zoning review. Improvements include a 2021 roof, a newer boiler, updated electrical equipment and wiring, and attic insulation.

Key Highlights

  • Listed on the National Register of Historic Places
  • 1893 construction date with preserved architectural details
  • More than 18 rooms, including rooms with pocket doors

Property Analytics

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Current Use

Linsay House Tour Operator

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Furniture & Home Goods Garden Center Nail Salon Butcher

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

1,324
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Historic residence with more than 18 rooms, residential zoning, and layouts adaptable to several rental configurations.
Where is this multifamily property located?
The property is located at 935 E College St Iowa City, IA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Listed on the National Register of Historic Places; 1893 construction date with preserved architectural details; More than 18 rooms, including rooms with pocket doors
More about this property
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