2407 Petsel Place Iowa City, IA $ 504,000
2407 Petsel Place
$ 504,000
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2407 Petsel Place

Iowa City, IA, 52246
$ 504,000
Bedrooms4 Baths2.0 Sq 2,190

Monthly Estimate*

$ 3,182

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Multi-Family Home for sale in Iowa City, IA

for $504,000 with 4 bedrooms and 2 full baths. This 2,190 square foot home was built in 1900 on a lot size of 0.203.

Whether you're an investor chasing yield or an owner looking to house hack your way into real estate, 2407 Petsel Place checks every box. This fully remodeled two-story duplex delivers a great cap rate with two income streams built in — a short-term rental upstairs and a long-term tenant downstairs — both units freshly updated in 2025 and ready to cash flow from day one. Location does the heavy lifting here. Situated less than 2 miles from the University of Iowa, UI Hospitals & Clinics, and Kinnick Stadium, this property sits in one of Iowa's most consistent rental corridors — low vacancy, steady demand, and a tenant pool that never dries up. Add a grocery store nearby and direct access to the Iowa City bus line, and you have a property that practically rents itself. Live downstairs, collect rent upstairs — or add it to your portfolio as a standalone acquisition or part of a larger Iowa City package that is currently available.

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Multi-Family Active

Price

$ 504,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,530

Style

Lot Size

0.203

Year Built

1900

Town/City

Iowa City

County/Region

Johnson

MLS | Web ID

743899

List By
Brenda Phongsavanh

Listing Agent

Realty One Group Impact

Broker

Brenda@homeREgroup.com

Email

Affordability Calculator

$3,643
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,182
Monthly Property Taxes
$461
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3255786 Elementary School
3255787 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/25/2026$504,000 Listed Price

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2407 Petsel Place, Iowa City, IA, 52246 is a Multi-Family Home for sale at $504,000 with 2,190 sqft and a lot size of 0.203. 2407 Petsel Place has 4 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 52246 which is in Iowa City, IA