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    Des Moines, IA Sioux City, IA Cedar Rapids, IA
    Four-Unit Rental Property For Sale
    Updated: Nov 4, 2025
    Four-Unit Rental Property For Sale

    420 N Gilbert St, Iowa City, IA 52240

    $425,000
    2,489 sqft
    Multi‑unit rental property featuring four units: three 2‑bedroom apartments and one efficiency.
    Current rental income is $3825, increasing to $4000 starting August 1, 2026.
    All units are currently leased through the 2026‑2027 school year, offering immediate income.
    Three units are spacious 2‑bedroom apartments.
    Property includes a basement.
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    This listing looks promising.

    Here's a quick look at some key insights for

    420 N Gilbert St, Iowa City, IA 52240

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    • Est. Cap Rate

      5.4%
      NOI ÷ price

    • Est. NOI

      $23K
      Annual

    • Mortgage

      $1.21M
      Apr 2026

    • Property Type

      Residential Income
      Built 1900
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    Flex Office-Bay Building
    Updated: Apr 8
    Flex Office-Bay Building

    Iowa City, IA 52246

    $1,599,000
    0.99 AC lot
    Metal commercial building built in 1990 with concrete flooring
    Two large bays on one side approx. 85' deep by 60' wide plus a small wash bay/storage area
    Approx. 2,700 sq ft office area between bays; opposite side features three individual bays (two include their own bathrooms)
    3‑phase electric service; forced‑air natural gas heating and zoned central air cooling
    Above the office are four units: two 2‑bedroom and two 1‑bedroom (currently used as offices, convertible to apartments)
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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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    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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    Iowa City Four-Unit Investment Property
    Iowa City Four-Unit Investment Property

    Iowa City, IA 52246

    $390,000

    Well-maintained four-unit property in a desirable Iowa City location.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 5 Active listings in Johnson County, IA, we suggest exploring several alternatives:

    Johnson County, IA Quadplexes Market Trends and Statistics

    Explore 5 quadplexes for sale in Johnson County, IA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 7,673 square feet of properties for sale, with an estimated market value of $1,350,000.

    Sale prices for four-unit buildings in Johnson County, IA start at $425,000, averaging $675,000, and reaching up to $925,000 — 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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