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230 S Dodge St
Iowa City, IA 52240
Duplex - Up/Down · Multifamily Property For Sale
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2 Units
Executive Summary
230 S Dodge 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 is situated on a 0.165-acre lot.? Positioned near the University of Iowa campus and downtown Iowa City, the property is well-suited to benefit from the area's strong and consistent rental demand.?
Located in one of Iowa’s most established rental markets, the property offers convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers.? With a proforma NOI of $37,567 and a 6.01% cap rate, the offering provides stable cash flow and long-term investment potential in a highly desirable location.?
Located in one of Iowa’s most established rental markets, the property offers convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers.? With a proforma NOI of $37,567 and a 6.01% cap rate, the offering provides stable cash flow and long-term investment potential in a highly desirable location.?
Property Facts
| Price Per Unit | $312,500 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,557 SF |
| Cap Rate | 6.01% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1900 |
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,557 SF |
| No. Stories | 2 |
| Year Built | 1900 |
Property Taxes
| Parcel Number | 1010483006 | Improvements Assessment | $425,360 |
| Land Assessment | $101,010 | Total Assessment | $526,370 |
Property Taxes
Parcel Number
1010483006
Land Assessment
$101,010
Improvements Assessment
$425,360
Total Assessment
$526,370
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