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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, 2.5-bath unit and one 5-bedroom, 2-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 | $586,049 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.90% | Building Size | 2,975 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment |
| Price Per Unit | $586,049 CAD |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,975 SF |
| No. Stories | 2 |
| Year Built | 1915 |
Property Taxes
| Parcel Number | 1010411005 | Improvements Assessment | $676,751 CAD |
| Land Assessment | $92,496 CAD | Total Assessment | $769,247 CAD |
Property Taxes
Parcel Number
1010411005
Land Assessment
$92,496 CAD
Improvements Assessment
$676,751 CAD
Total Assessment
$769,247 CAD
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