Iowa City, IA Multifamily Properties for Sale

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46 properties

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Updated: Jun 24

Remodeled Two-Story Duplex

2407 Petsel Place, Iowa City, IA 52246

$504,000

2,190 sqft 0.20 AC lot

2,190 square feet on a 0.203‑acre lot
Two‑story duplex with short‑term rental upstairs and long‑term tenant downstairs
Both units updated in 2025
Less than 2 miles from the University of Iowa, UI Hospitals & Clinics, and Kinnick Stadium
Garage parking plus deck and patio areas

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Updated: Aug 3

Split-Level Duplex with Garages

409 S 7th Avenue, Iowa City, IA 52245

$299,950

1,146 sqft 0.02 AC lot

Two rentable units in a split‑level layout
Upper unit includes 2 bedrooms and 1 bathroom
1,146 SF frame property built in 1992
In‑unit laundry and appliances in each unit
Attached one‑stall garage plus an additional one‑stall garage on the neighboring lot

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Mixed-Use Property with Commercial Parcels

Iowa City, IA 52240

$1,975,000

0.77 AC lot

Commercially zoned Iowa City property combining leased multifamily units with existing retail and other commercial space.

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See what stands out in Johnson County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Local Demand available after sign in

7-Unit Apartment Building

20 S Lucas St, Iowa City, IA 52240

$675,000

3,302 sqft

Walkable to downtown and campus with coin laundry and a detached garage.

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12-Unit Multifamily Condominium Portfolio

Iowa City, IA 52246

$1,400,000

Income-producing condominium units feature open living areas, private garages, and in-unit laundry appliances.

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7-Unit Apartment Building

Iowa City, IA 52240

$675,000

Income-producing residential property with one-bedroom apartments, separate HVAC systems, and on-site laundry facilities.

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100-Unit Cooperative Apartment Building

Iowa City, IA 52240

$6,975,000

Quadrangle-style design surrounds a shared grassy courtyard, with tenant storage and separate laundry facilities.

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Mixed-Use Building with Apartment Units

510 E Burlington, Iowa City, IA 52240

$875,000

5,184 sqft

Two street-level commercial spaces and four apartments share dedicated parking, supporting flexible mixed-use occupancy in Iowa City.

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Duplex With Covered Parking

Iowa City, IA 52240

$219,900

Two residential units offer separate living areas, basement laundry, and dedicated covered parking.

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9-Unit Apartment Building

Iowa City, IA 52240

$399,900

Vacant rooming house with kitchenettes, shared kitchens, rear parking, and RM-12 zoning near downtown and campus.

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Multifamily Income Property

30-36 N Lucas Street, Iowa City, IA 52246

$2,700,000

10,010 sqft

Residential income property offered for sale at 30-36 N Lucas Street, Iowa City, with an additional inclusion at 803 Jefferson St.

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Two-Unit Duplex with Parking

Iowa City, IA 52245

$215,000

Two separately entered units include kitchens, laundry equipment, and dedicated off-street parking.

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Two-Unit Duplex with Detached Garage

Iowa City, IA 52245

$240,000

Up-and-down layout offers separate access, private laundry, and one bedroom with a full bath in each residence.

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Mixed-Use Redevelopment with Parking

1104 S Gilbert St, Iowa City, IA 52240

$1,975,000

14,879 sqft

Three-parcel mixed-use property with leased multifamily units, commercial tenants, and ample parking for flexible future use.

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42-Unit Apartment Buildings

Iowa City, IA 52246

$3,650,000

Three-building multifamily property with updated interiors, off-street parking, and proximity to major university-related destinations.

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Historic Multifamily Property

935 E College St, Iowa City, IA 52240

$300,000

4,033 sqft

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

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Iowa City Cooperative Investment Property

1100 Arthur St, Iowa City, IA 52240

$6,975,000

4,968 sqft 3.77 AC lot

100-unit cooperative project with units leased, great investment opportunity.

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Multifamily Redevelopment Corner Site

2203-2221 Muscatine Ave, Iowa City, IA 52240

$1,900,000

17,662 sqft 0.87 AC lot

Income-producing multifamily property with an adjacent city parcel for a signalized intersection redevelopment concept.

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Split-Level Duplex with Two Garages

409 S 7th Avenue, Iowa City, IA 52245

$299,950

1,146 sqft

Two separate units include private laundry, appliances, and direct access from distinct entrances.

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Duplex with Covered Carports

1903 Taylor Dr, Iowa City, IA 52240

$219,900

1,352 sqft

Two residential units provide two bedrooms, a full bathroom, and dedicated covered parking on each side.

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Remodeled Two-Story Duplex

2407 Petsel Pl, Iowa City, IA 52246

$504,000

2,190 sqft

Two-story duplex with updated units supporting distinct short-term and long-term rental arrangements.

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Two-Unit Duplex Property

717/719 E Jefferson St, Iowa City, IA 52246

$850,000

2,975 sqft

Residential income property with two separate living units in Iowa City.

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Redevelopment Corner Multifamily Site

2203 Muscatine Ave, Iowa City, IA 52240

$1,900,000

0.87 AC lot

Income-producing multifamily property plus adjacent city-owned parcel creates a combined redevelopment site totaling 1.07 acres.

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Two-Unit Duplex Building

530 E WASHINGTON ST, Iowa City, IA 52240

Contact for pricing

1,960 sqft 0.41 AC lot

Two residential units near the University of Iowa campus and downtown Iowa City support a convenient rental setting.

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Iowa City, IA Multifamily Properties Market Trends and Statistics

Explore 52 multifamily properties for sale in Iowa City, IA, showcased through 46 active listings on our real estate platform. These investment opportunities span a total of 124,881 square feet of properties for sale, with an estimated market value of $38,242,600.

Sale prices for multifamily properties in Iowa City, IA start at $215,000, averaging $1,470,869, and reaching up to $6,975,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 108K

Population Growth (5Y) +35.7%

Median Household Income $62,209

College Educated 50.5%

High-Yield Neighborhoods for Investment

Identify Iowa City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
52245	$433.3K
52246	$1.4M
52240	$1.9M

Taxes & Financing

Tax Rate (average for all types) 3.25%

Property Tax per SF $18.14 per SF

Tax Rate vs County Average 0.17 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Johnson County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Iowa City fall within the 100,000+ square foot range.

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