Iowa City, IA Residential Income Properties for Sale

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33 properties

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Updated: Apr 1

Multifamily Redevelopment Corner Site

2203-2221 Muscatine Ave, Iowa City, IA 52240

$1,900,000

17,662 sqft 0.87 AC lot

0.87‑acre income‑producing multifamily property with county road frontage
Adjacent city‑owned parcel also available; combined site total of 1.07 acres
Built in 1930 (multifamily property)
Potential redevelopment at a signalized hard corner with traffic exposure at the intersection

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This listing looks promising.

Here's a quick look at some key insights for

2203-2221 Muscatine Ave, Iowa City, IA 52240

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Est. Cap Rate

8%
Above avg (5.9%)
Est. NOI

$151K
Annual
Price @ 7% Cap

$2.16M
Above asking

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Updated: Jun 24

Fully Remodeled Duplex

2407 Petsel Place, Iowa City, IA 52246

$504,000

2,190 sqft 0.20 AC lot

Fully remodeled two‑story duplex with upstairs short‑term rental and downstairs long‑term tenant
Both units freshly updated in 2025
0.203‑acre lot and 2,190 SF building
Year built 1900; vinyl siding and shingle/asphalt roof
Central air and natural gas forced‑air heat; fireplace

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Split-Level Duplex with Garages

409 S 7th Avenue, Iowa City, IA 52245

$299,950

1,146 sqft 0.02 AC lot

Two tenant-occupied units offer separate laundry, appliances, entrances, and flexible owner-occupant or rental use.

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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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Fully Leased Mixed-Use Building

13 S Linn St, Iowa City, IA 52240

$2,500,000

10,704 sqft

Fully leased building featuring two licensed bars with an additional kitchen and upper-level residential tenants.

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Restaurant Condo Building with Patio

Iowa City, IA 52245

$515,000

0.07 AC lot

Three-story restaurant space plus a 2-bedroom, 2-bath condo, featuring a wraparound exterior patio and commercial kitchen.

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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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Leased Restaurant with Retail and Apartments

Iowa City, IA 52240

$1,250,000

0.04 AC lot

Restaurant investment with leased retail and residential space above, built in 1900.

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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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100-Unit Cooperative Apartment Building

Iowa City, IA 52240

$6,975,000

A 100-unit cooperative apartment project with all units leased, including 1- and 2-bedroom apartments.

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Four Two-Bed Rental Condominiums

Iowa City, IA 52246

$500,000

Four 2-bedroom, 1.5-bath rental condos with single-car garages, central air, and stackable washer and dryer.

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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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Vacant 9-Unit Apartment Building

Iowa City, IA 52240

$399,900

Vacant 9-unit apartment building in RM-12 zoning with central air and off-street parking behind the property.

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Duplex with Two 1-Bedroom Units

Iowa City, IA 52245

$215,000

This duplex in Iowa City offers two separate one-bedroom, one-bath units with off-street parking and forced-air heat.

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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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Multifamily Rental Condominiums with Decks

Iowa City, IA 52246

$1,400,000

Twelve two-bedroom rental units feature central air, forced-air gas heat, and in-unit stackable washer and dryer hookups.

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Triplex with Dedicated Rear Parking

Iowa City, IA 52245

$297,000

Converted into three rental units with dedicated rear off-street parking and tenant-paid utilities except water.

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Three-Building Apartment Community

Iowa City, IA 52246

$3,650,000

Three-building apartment community offering 36 one-bedroom units and 6 studio units with off-street parking.

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Mixed-Use Retail and Residential

113 Iowa Ave, Iowa City, IA 52240

$1,250,000

2,888 sqft

Fully leased downtown mixed-use property with retail space and residential unit(s) above, plus one parking spot behind.

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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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Duplex with Two Units

619 E BURLINGTON ST, Iowa City, IA 52240

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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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Two-Unit Duplex

15 S JOHNSON ST, Iowa City, IA 52245

Contact for pricing

1,792 sqft 0.07 AC lot

1900-built two-unit duplex in Iowa City near downtown and the University of Iowa, totaling four bedrooms and two bathrooms.

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Two-Unit Residential Income Building

230 S DODGE ST, Iowa City, IA 52240

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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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Iowa City, IA Residential Income Properties Market Trends and Statistics

Explore 44 residential income properties for sale in Iowa City, IA, showcased through 33 active listings on our real estate platform. These investment opportunities span a total of 105,813 square feet of properties for sale, with an estimated market value of $38,173,850.

Sale prices for residential income properties in Iowa City, IA start at $215,000, averaging $1,659,732, 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	$529K
52246	$1.6M
52240	$2.3M

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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