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    Iowa City, IA Multifamily Properties for Sale

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    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
    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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    Duplex with Attached Garage
    Updated: Sep 25
    Duplex with Attached Garage

    621 & 623 Westgate Street, Iowa City, IA 52246

    $350,000
    1,800 sqft 0.19 AC lot
    Two units: upper 3‑bedroom, 1‑bath and lower 1‑bedroom, 1‑bath walkout unit
    1,800 square feet; built in 1971
    Both units leased through July 28, 2027
    Two‑car attached garage with storage for tenants; off‑street parking
    0.19‑acre lot with private yard, deck, and patio
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    Split-Level Duplex with Garages
    Split-Level Duplex with Garages

    409 S 7th Avenue, Iowa City, IA 52245

    $299,950
    1,146 sqft 0.02 AC lot

    Corner-lot income property with two separately arranged units, private laundry, appliances, and flexible owner-occupant potential.

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    See hot listings in Iowa City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    7-Unit Apartment Building
    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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    Mixed-Use Building with Bars
    Mixed-Use Building with Bars

    13 S Linn St., Iowa City, IA 52240

    $2,500,000
    0.08 AC lot

    Two bar spaces, a kitchen, and four occupied apartments bring food service and residential use together in one property.

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    Mixed-Use Property with Leased Apartments
    Mixed-Use Property with Leased Apartments

    1104 S Gilbert St, Iowa City, IA 52240

    $1,975,000
    0.77 AC lot

    Residential units are occupied under month-to-month leases alongside commercial tenants.

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    100-Unit Cooperative Apartment Community
    100-Unit Cooperative Apartment Community

    1100 Arthur St, Iowa City, IA 52240

    $6,975,000

    The property combines a central landscaped courtyard with shared laundry and tenant storage facilities.

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    Multifamily Income Property
    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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    7-Unit Apartment Building
    7-Unit Apartment Building

    20 S Lucas St, Iowa City, IA 52240

    $675,000

    Residents can reach downtown and campus on foot from this Iowa City property.

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    9-Unit Apartment Building
    9-Unit Apartment Building

    416 S Dodge Street, Iowa City, IA 52240

    $329,900

    Vacant configuration includes kitchenette-equipped rooms and shared kitchen facilities.

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    Two-Unit Duplex with Attached Garage
    Two-Unit Duplex with Attached Garage

    621 & 623 Westgate Street, Iowa City, IA 52246

    $350,000
    1,800 sqft

    Both residences have in-unit laundry, and their leases run through July 28, 2027.

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    Two-Unit Duplex Near University Campus
    Two-Unit Duplex Near University Campus

    524 N Governor St, Iowa City, IA 52245

    $215,000

    Separate entrances and alley-access parking support independent use of each residence.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    323 N Lucas St, Iowa City, IA 52245

    $240,000

    Two independently entered apartments each include a bedroom, full bath, and laundry.

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    Iowa City Cooperative Investment Property
    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
    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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    Two-Unit Duplex Building
    Two-Unit Duplex Building

    530 E Washington St, Iowa City, IA 52240

    $585,000
    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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    7-Unit Apartment Building
    7-Unit Apartment Building

    624 N Linn St, Iowa City, IA 52245

    $389,900
    3,584 sqft

    Six apartments have separate bedrooms, while the seventh is an efficiency; every unit includes a private bath.

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    Duplex with Two Units
    Duplex with Two Units

    619 E Burlington St, Iowa City, IA 52240

    $725,000
    2,471 sqft 0.16 AC lot

    Historic duplex near the University of Iowa campus and downtown Iowa City with two residential units in one building.

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    Multifamily Residence
    Multifamily Residence

    521 E College St, Iowa City, IA 52240

    $765,000
    3,240 sqft 0.17 AC lot

    Eight-bedroom residence near the University of Iowa campus and downtown Iowa City.

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    Two-Unit Residential Income Building
    Two-Unit Residential Income Building

    230 S Dodge St, Iowa City, IA 52240

    $695,000
    2,557 sqft 0.17 AC lot

    Single multifamily building with two residential units on a 0.165-acre lot in Iowa City.

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    Mixed-Use Redevelopment with Parking
    Mixed-Use Redevelopment with Parking

    1104 S Gilbert Street, 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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    Two-Unit Duplex Property
    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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    9-Unit Rooming House
    9-Unit Rooming House

    416 S Dodge Street, Iowa City, IA 52240

    $329,900
    3,032 sqft

    Most rooms have kitchenettes, with two shared kitchens, three bathrooms, and rear off-street parking.

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    Remodeled Two-Story Duplex
    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.

    View details
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    Iowa City, IA Multifamily Properties Market Trends and Statistics

    Explore 45 multifamily properties for sale in Iowa City, IA, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 105,259 square feet of properties for sale, with an estimated market value of $48,754,724.

    Sale prices for multifamily properties in Iowa City, IA start at $215,000, averaging $1,317,695, 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

    Duplexes 15
    Apartment buildings 9
    Short term rental properties 2

    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 $881.8K
    52246 $1.5M
    52240 $1.6M

    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.

    How Realmo verifies these figures

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