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15 S Johnson St
Iowa City, IA 52240
Duplex - Up/Down · Multifamily Property For Sale
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2 Units
Executive Summary
15 S Johnson Street is a multifamily investment opportunity located in Iowa City, Iowa.? Constructed in 1900, the property features two residential units within a single building and offers a total of four bedrooms and two bathrooms across 1,792 square feet.? Situated on a 0.074-acre lot near downtown Iowa City and the University of Iowa campus, the property is well-positioned to benefit from strong and consistent rental demand.?
Located in one of Iowa’s most established rental markets, the property provides convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers.? With a proforma NOI of $21,695 and a 6.20% cap rate, the offering presents stable cash flow and long-term investment potential in a highly desirable Iowa City location.?
Located in one of Iowa’s most established rental markets, the property provides convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers.? With a proforma NOI of $21,695 and a 6.20% cap rate, the offering presents stable cash flow and long-term investment potential in a highly desirable Iowa City location.?
Property Facts
| Price Per Unit | $175,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 1,792 SF |
| Cap Rate | 6.20% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1900 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 1,792 SF |
| No. Stories | 2 |
| Year Built | 1900 |
Property Taxes
| Parcel Number | 1010438013 | Improvements Assessment | $212,310 |
| Land Assessment | $64,000 | Total Assessment | $276,310 |
Property Taxes
Parcel Number
1010438013
Land Assessment
$64,000
Improvements Assessment
$212,310
Total Assessment
$276,310
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