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2432 Petsel Place Iowa City, IA 52246 • Multi Unit - Multiple • Active

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New - 37 Hours Ago
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Description

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.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 8
Bathrooms: 4
County: Johnson
High School: West
Subdivision: Hawkeye Heights
Listed By:
Westwinds Real Estate Services, Inc. Teague Case 319-354-3792
ICAAR MLS

Units

Unit 1:
Bedrooms: 2
Baths Full: 1
Rent: $995.00
Unit 2:
Bedrooms: 2
Baths Full: 1
Rent: $1025.00
Unit 3:
Bedrooms: 2
Baths Full: 1
Rent: $1040.00
Unit 4:
Bedrooms: 2
Baths Full: 1
Rent: $995.00
$895,000
Est. $6,033/mo
8beds
4baths
New to the Market Active
BEDS8 BATHS4 full MLS#202605446
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHawkeye Heights
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Get in Touch

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Shown By

Agent Name: Isabelle Cole
 Agent Phone: (563) 210-7688
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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2432 Petsel Place, Iowa City, IA 52246.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $895,000$895,000$895,000
Down Payment $179,000$31,325$223,750
Monthly Mortgage Amount $4,526$5,483$5,619
Taxes $1246$1246$1246
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$537$0
Monthly Estimated Total $6,033$7,526$7,126

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/11/2026. The listing information on this page last changed on 09/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 09/11/2026 12:01:53 AM EST) or MRED MLS (last updated Thu 09/10/2026 11:58:24 PM EST) or SCWMLS (last updated Thu 09/10/2026 11:55:20 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 09/10/2026 10:20:06 PM EST) or Cedar Rapids MLS (last updated Thu 09/10/2026 10:44:47 PM EST) or NEIRBR MLS (last updated Thu 09/10/2026 11:58:52 PM EST) or ICAAR MLS (last updated Thu 09/10/2026 11:37:38 PM EST) or ECIMLS (last updated Thu 09/10/2026 11:44:44 PM EST) or RMLSA (last updated Thu 09/10/2026 11:51:11 PM EST) or Muscatine MLS (last updated Fri 09/11/2026 12:00:19 AM EST) or No Coast MLS (last updated Thu 09/10/2026 11:54:34 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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