Description

Excellent investment opportunity at 1328/1330 E Davenport Street in Iowa City! This fully occupied duplex offers immediate rental income with a combined $2,650 per month / $31,800 annually in gross rent. The upper unit features 2 bedrooms and 1 bathroom and rents for $1,300/month, while the lower unit offers 3 bedrooms and 1.5 bathrooms and rents for $1,350/month. Both units feature their own kitchens, with shared laundry and additional storage available in the basement. Outside, tenants can enjoy a fenced-in backyard situated on a 6,750-square-foot lot. The property offers 1,732 square feet of total living space and is conveniently located in a quiet residential neighborhood just minutes from downtown Iowa City. The property is currently fully occupied, providing a turnkey opportunity for an investor looking to add an established income-producing duplex to their portfolio. Landlord pays all utilities. With two rental income streams already in place and a desirable Iowa City location, this is a great opportunity for a buy-and-hold investor. Advanced notice required for tenants. Buyers to verify sq footage and schools.

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Listing ID #202605471

Residential Sale

1328 E Davenport St
Iowa City, Iowa 52245

$320,000

Beds0

Total Baths0

Construction Year1900

Country : US

State : IA

County : Johnson

City : Iowa City

Zipcode : 52245

StatusActive

Listing Agent

Name: Bryant Nicholson

Office: Affinity Real Estate Services

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Features

Property ID: 202605471

Property Type: Multi Family

Year Built: 1900

Parking: Off Street

Basement: See Remarks

Exterior: Deck, Fenced Yard

Construction: Frame, Vinyl

Directions: E Davenport St

Additional Details

Heating Fuel: Natural Gas, Forced Air

Interior: Other

Listing Date: 09-10-2026

Lot Dimensions: 54x125

Subdivision: Unknown

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.

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