Description

Two well-maintained brick buildings on 0.40 acres of land located directly across from the VA Hospital and just a short walk to the UI Dental College and UIHC. This prime campus-area location offers dependable rental demand and exceptional long-term redevelopment potential. Building 1 has 9 studio units with approx 500 SF. Building 2 has 8 charming 2 BR / 1 BA apartments, each approx 800 SF. Both buildings have laundry rooms on site. Plenty of off-street parking including garages. Ideal as a stable income property with the added benefit of future high-end condo redevelopment in an irreplaceable Iowa City location close to hospitals, academics, transit & campus services. Please allow 48 hours’ notice for tenants.

Listing ID #202507216

Residential Sale

5 Woolf Ave Unit & 15
Iowa City, Iowa 52240

$1,875,000
Beds0
Total Baths1
Construction Year1958
Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52240
StatusActive
Listing Agent
Jeff Edberg
Lepic-Kroeger, REALTORS
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Features
202507216
Multi Family
1958
Attached Garage, Off Street
See Remarks
Other
Frame, Brick, Concrete Blocks, Wood
From eastbound Hwy 6, southeast on Newton Rd, north on Woolf Ave. At the corner of Woolf Ave and Newton Rd. Just west of the VA Hospital and east of Carver Hawkeye Arena.
Additional Details
Other
Electric, Natural Gas, Forced Air
Other, Bookcases
12-04-2025
Irregular
Ackermans

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

Request a Showing

Have a question we can answer this property? Interesting in scheduling a showing? Please enter your preferences in the form. We will contact you in order to schedule an appointment to view this property.

This field is for validation purposes and should be left unchanged.
Your Name(Required)
How would you prefer to be reached?

Please provide a preferred and an alternate date and time for viewing this property. Please note: some owners require at least 24-hours notice (minimum) before scheduling a showing.
Newsletter Signup

I agree to be contacted by Urban Acres Real Estate via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary.

View Similar Listings