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717 E Jefferson St
Iowa City, IA 52245
Duplex - Front/Back · Multifamily Property For Sale
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2 Units
Executive Summary
717 & 719 E Jefferson Street is a 2-unit multifamily investment opportunity located in Iowa City, Iowa.? Constructed in 1915, the property features two spacious units, including one 5-bedroom, 2-bath unit and one 5-bedroom, 3-bath unit.? Situated on a 0.138-acre lot, the property offers an attractive housing option in a highly sought-after location near the University of Iowa.?
Positioned just east of downtown Iowa City and within walking distance of the University of Iowa campus, the property benefits from strong and consistent rental demand.? With a proforma NOI of $58,623 and a 6.90% cap rate, the offering provides stable cash flow and long-term investment potential in one of Iowa’s strongest rental markets.?
Positioned just east of downtown Iowa City and within walking distance of the University of Iowa campus, the property benefits from strong and consistent rental demand.? With a proforma NOI of $58,623 and a 6.90% cap rate, the offering provides stable cash flow and long-term investment potential in one of Iowa’s strongest rental markets.?
Property Facts
| Price Per Unit | $425,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 2,975 SF |
| Cap Rate | 6.90% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1915 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,975 SF |
| No. Stories | 2 |
| Year Built | 1915 |
Property Taxes
| Parcel Number | 1010411005 | Improvements Assessment | $482,890 |
| Land Assessment | $66,000 | Total Assessment | $548,890 |
Property Taxes
Parcel Number
1010411005
Land Assessment
$66,000
Improvements Assessment
$482,890
Total Assessment
$548,890
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