Residential For Sale
- Michael St., Iowa City, Iowa 52246
QR Code
Description

42 multifamily units are available, comprising 3 buildings with 14 units each. There are 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018, and various improvements have been made to the units, including new carpet, updated kitchens, and new tubs in many of the units. The property is conveniently located near UIHC and the West University of Iowa campus, within walking distance of Kinnick Stadium. Rents have steadily increased. Tenants are transitioning to RUBS for utility payments as they move into their new lease terms.

Property Description

42 multifamily units are available, comprising 3 buildings with 14 units each. There are 36 one-bedroom, one-bath units and 6 studio units. The roofs were replaced in 2018, and various improvements have been made to the units, including new carpet, updated kitchens, and new tubs in many of the units. The property is conveniently located near UIHC and the West University of Iowa campus, within walking distance of Kinnick Stadium. Rents have steadily increased. Tenants are transitioning to RUBS for utility payments as they move into their new lease terms.

Basic Details
Property Type:
Residential
Listing Type:
For Sale
Listing ID:
202506132
Price:
$3,750,000
Beds:
0
Total Baths:
2
Baths:
0
Half Bathrooms:
0
Construction Year:
1971
Country:
US
State:
IA
County:
Johnson
City:
Iowa City
Zipcode:
52246
Status Category:
Active
Subdivision:
School Commissioners Sub
Features
Heating:
Steam, Baseboard
Cooling System:
Window Units
Parking:
Off Street
Basement:
Slab
Construction:
Frame, Vinyl
Address Map
Street Number:
732,736,740
Street:
Michael St.
Floor Number:
0
Longitude:
W92° 27' 18.8''
Latitude:
N41° 39' 7.3''
More Information
Office Name:
Lepic-Kroeger, REALTORS
Elementary School:
Horn
Jr./Middle School:
Northwest
High School:
West
Directions:
W. Benton St. to Michael St.
Zoning:
COMM
Lot Dimensions:
1.05 Acre
LA1Agent Logon Name:
I1062
LA1Agent First Name:
Matthew
LA1Agent Last Name:
Lepic
LO1Main Office ID:
ILKR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Matthew Lepic
Lepic-Kroeger, REALTORS
Additional Details
Window Units
Slab
Frame, Vinyl
10/01/2025
W. Benton St. to Michael St.
1.05 Acre