Log In/Sign Up
Your email has been sent.
619 E Burlington St
Iowa City, IA 52240
Duplex - Up/Down · Multifamily Property For Sale
·
2 Units
Executive Summary
619 E Burlington 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 seven bedrooms and five bathrooms across 2,471 square feet. Situated on a 0.155-acre lot near the University of Iowa campus and downtown Iowa City, 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 $39,427 and a 5.44% 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 $39,427 and a 5.44% 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 | $499,866 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.44% | Building Size | 2,471 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment |
| Price Per Unit | $499,866 CAD |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,471 SF |
| No. Stories | 2 |
| Year Built | 1900 |
Property Taxes
| Parcel Number | 1010463004 | Improvements Assessment | $548,559 CAD |
| Land Assessment | $138,745 CAD | Total Assessment | $687,304 CAD |
Property Taxes
Parcel Number
1010463004
Land Assessment
$138,745 CAD
Improvements Assessment
$548,559 CAD
Total Assessment
$687,304 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
