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    Iowa City, IA Multifamily Properties for Sale

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    Mixed-Use Redevelopment with Parking
    Updated: May 15
    Mixed-Use Redevelopment with Parking

    1104 S Gilbert St, Iowa City, IA 52240

    $1,975,000
    14,879 sqft
    Three‑parcel mixed‑use property (commercial parcels plus leased multifamily units) with month‑to‑month leases
    Current commercial tenants include Old Screen Printers, Summer of the Arts, and Drip Couture
    Coin Shop space scheduled to be vacated in July for owner use or new tenancy
    0.77‑acre lot with 240 x 140 lot dimensions and frontage on paved county road
    Year built 1950; interior flooring includes concrete slab grade, carpet, and vinyl
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    This listing looks promising.

    Here's a quick look at some key insights for

    1104 S Gilbert St, Iowa City, IA 52240

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    • Est. Cap Rate

      7.1%
      Above avg (5.9%)

    • Est. NOI

      $141K
      Annual

    • Price @ 7% Cap

      $2.01M
      Above asking

    • Property Type

      Commercial (General)
      Built 1971
    View Property Analytics
    Remodeled Two-Story Duplex
    Updated: Jun 24
    Remodeled Two-Story Duplex

    2407 Petsel Place, Iowa City, IA 52246

    $504,000
    2,190 sqft 0.20 AC lot
    Two‑story duplex with two income streams: short‑term rental upstairs and long‑term tenant downstairs.
    Both units freshly updated in 2025.
    Less than 2 miles to the University of Iowa, UI Hospitals & Clinics, and Kinnick Stadium.
    Central air and forced‑air natural gas heating; fireplace included.
    Garage parking plus exterior deck and patio.
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    Three-Parcel Commercial Site
    Three-Parcel Commercial Site

    Iowa City, IA 52240

    $1,975,000
    0.77 AC lot

    Three commercial parcels in Iowa City with leased multifamily units and retail space, plus a July vacancy for new use.

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    Mixed-Use Development Land Site
    Mixed-Use Development Land Site

    Iowa City, IA 52240

    $1,700,000
    0.55 AC lot

    Development land with a CI1 RFC framework that supports dense, mixed-use projects with ground-floor commercial space.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Building with Apartment Units
    Mixed-Use Building with Apartment Units

    510 E Burlington, Iowa City, IA 52240

    $925,000
    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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    Split-Level Duplex with Two Garages
    Split-Level Duplex with Two Garages

    409 S 7th Avenue, Iowa City, IA 52245

    $299,950
    1,146 sqft 0.02 AC lot

    Corner-lot split-level duplex with two tenant-ready units, in-unit laundry, and two one-stall garage spaces.

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    Duplex with Separate Entrances
    Duplex with Separate Entrances

    Iowa City, IA 52245

    $215,000

    Two 1-bedroom, 1-bath units with separate entrances and dedicated off-street parking for day-to-day convenience.

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    Converted 3-Unit Rental Home
    Converted 3-Unit Rental Home

    Iowa City, IA 52245

    $297,000

    Converted home provides three rental units, dedicated rear parking for 5+ vehicles, and shared laundry facilities.

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    Redevelopment Land for Apartment Project
    Redevelopment Land for Apartment Project

    Iowa City, IA 52240

    $4,750,000
    1.59 AC lot

    City-approved redevelopment site for 192 apartment units and 382 beds, with specified parking and bike requirements.

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    Three-Building Apartment Portfolio
    Three-Building Apartment Portfolio

    Iowa City, IA 52246

    $3,650,000

    For sale three-building multifamily property with 42 units, including studios and one-bedrooms, and recent roof replacement.

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    Multifamily Redevelopment Corner Site
    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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    Rental Condominium Community
    Rental Condominium Community

    Iowa City, IA 52246

    $1,400,000

    Twelve 2-bedroom rental condominiums with in-unit laundry and single-car garages, with ongoing condo-regime improvements underway.

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    Four-Unit Rental Condominiums
    Four-Unit Rental Condominiums

    Iowa City, IA 52246

    $500,000

    Four two-bedroom rental condominiums with garages and in-unit laundry, situated in an improving condo regime.

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    Iowa City Cooperative Investment Property
    Iowa City Cooperative Investment Property

    1100 Arthur St, Iowa City, IA 52240

    $7,350,000
    4,968 sqft 3.77 AC lot

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

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    Iowa City Duplex For Sale
    Iowa City Duplex For Sale

    841-843 S Summit, Iowa City, IA 52245

    $323,000
    0.18 AC lot

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

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    Multifamily Investment Property Near Campus
    Multifamily Investment Property Near Campus

    732, 736, 740 Michael St, Iowa City, IA 52246

    $3,650,000
    16,128 sqft

    Three buildings with 42 units near UIHC and Kinnick Stadium.

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    Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 16 Active listings in Iowa City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Downtown Retail and Apartments
    Mixed-Use Downtown Retail and Apartments

    112 N Iowa St., Solon, IA 52333

    $1,000,000
    2,312 sqft

    Downtown mixed-use building with leasable main-floor commercial space and two rented upper apartments.

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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    504 2nd Ave, Coralville, IA 52241

    $725,000

    Six-unit multifamily property offers a mix of two- and one-bedroom apartments with off-street parking.

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    Eight-Unit Multifamily Building
    Eight-Unit Multifamily Building

    230 S Dubuque St., Solon, IA 52333

    $750,000

    Two-bedroom units in an eight-plex with a roof replacement in 2020 and exterior painting completed in 2025.

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    Coralville Multifamily Property for Sale
    Coralville Multifamily Property for Sale

    320 2nd Street, Coralville, IA 52241

    $6,450,000
    19,786 sqft

    Multifamily property in Coralville, Iowa, tenant rights apply.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Developed Multi-Pad Development Land
    Developed Multi-Pad Development Land

    N 41st St, Bethany, MO 64424

    $249,900
    10.00 AC lot

    10-acre development site with 10 constructed dirt pads, cul-de-sac road layout, and a billboard generating $100 monthly.

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    Residential Lot in Wellsville, MO
    Residential Lot in Wellsville, MO

    412 Washington Street, Wellsville, MO 63384

    Contact for pricing
    0.17 AC lot

    Ready-to-build residential lot in a charming small town.

    View details
    Land For Sale, Lakemoor, IL
    Land For Sale, Lakemoor, IL

    27 Oyster Bay, Lakemoor, IL 60051

    Contact for pricing
    0.12 AC lot

    Commercial land available in Lakemoor, Illinois.

    View details
    Commercial Land Development Parcel
    Commercial Land Development Parcel

    17039 Hillside Lane, Jerseyville, IL 62052

    $70,000
    2.10 AC lot

    Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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    Off-Market Properties in Iowa City, IA

    Consider similar Off-Market properties in Iowa City, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1700 Scott Blvd
    MOBILE HOME PARK, TRAILER PARK

    1700 Scott Blvd, Iowa City, IA 52240

    Value Estimation by Request
    11.00 AC lot
    View details
    Orchard Ct
    Multifamily properties

    0 Orchard Ct, Iowa City, IA 52246

    Value Estimation by Request
    4.12 AC lot
    View details
    415 Governor St
    Multifamily properties

    415 Governor St, Iowa City, IA 52245

    Value Estimation by Request
    2,496 sqft
    View details
    Dubuque St
    Multifamily properties

    0 Dubuque St, Iowa City, IA 52245

    Value Estimation by Request
    1.00 AC lot
    View details
    711 Burlington St
    Multifamily properties

    711 Burlington St, Iowa City, IA 52240

    Value Estimation by Request
    View details
    732 Michael St
    Multifamily properties

    732 Michael St, Iowa City, IA 52246

    Value Estimation by Request
    16,128 sqft 1.05 AC lot
    View details

    Iowa City, IA Multifamily Properties Market Trends and Statistics

    Explore 22 multifamily properties for sale in Iowa City, IA, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 63,307 square feet of properties for sale, with an estimated market value of $16,778,950.

    Sale prices for multifamily properties in Iowa City, IA start at $175,000, averaging $2,097,368, and reaching up to $7,350,000 — 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

    Apartment buildings 8
    Duplexes 4
    Quadplexes 4
    Short term rental properties 1
    Triplexes 1

    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 $269K
    52246 $1.7M
    52240 $1.7M

    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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