1 Bath
7,488 sqft
$895,000
2432 Petsel Place, IowaCity IA, 52246
Price per sqft$119.52
Built in1980
Property size7,488 sqft
Property typeMulti-family
Overview
Active
Listed Sep 9, 2026
Updated Sep 17
10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.
$5,954/mo
Est. mortgage payment based on a $895,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 202605446
Interior Features
- Bathrooms
- 1
- Cooling
- Yes
- Heating
- Yes
- Basement
- Yes
Other Property Details
- Taxes
- $13,916
- Tax Frequency
- Annually
- Association Fee Frequency
- Yearly
- Maintenance Expense
- $18,000
Courtesy of Westwinds Real Estate Services, Inc., ,
Listing Contact: 319-321-6824
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cory Rath shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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