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Apartments Near The University of Iowa 1 Multifamily Properties Offered at $3,827,175 CAD in Iowa City, IA
Investment Highlights
- Desirable mix of one-, two-, and three-bedroom floor plans
- Brick construction - with recent upgrades to exterior
- Proximity to major student base - The University of Iowa 31,000 students
- Extensive capital improvements - nearly $80k in major upgrades over the last two years
- On-site community laundry at each building
- University of Iowa enrollment up 2.5% in 2025 - 735 new students in 2025
Executive Summary
The offering at 413–419 S Johnson St and 430 S Van Buren St consists of three multi-family residential buildings on a total 0.63 acres, comprising 27 apartment units and 4 sleeping units. Sleeping units have shared bathroom in hallway and no kitchen. Built between 1967 and 1983, the properties feature a desirable mix of one-, two-, and three bedroom floor plans, each with one bathroom. Interiors include quality finishes, such as a combination of LVP and carpet flooring, along with in-unit appliances and wall-mounted air conditioning.
The portfolio includes three private parking areas offering 34 reserved spaces for residents. Ideally positioned in Downtown Iowa City, the property sits just two blocks south of The University of Iowa campus, Iowa’s largest public university with over 31,000 students.
Currently rented by the unit, the portfolio maintains a strong 95% occupancy rate. This opportunity offers a stable, income-producing asset with clear potential for future rent growth.
The portfolio includes three private parking areas offering 34 reserved spaces for residents. Ideally positioned in Downtown Iowa City, the property sits just two blocks south of The University of Iowa campus, Iowa’s largest public university with over 31,000 students.
Currently rented by the unit, the portfolio maintains a strong 95% occupancy rate. This opportunity offers a stable, income-producing asset with clear potential for future rent growth.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,827,175 CAD | Number of Properties | 3 |
| Price / SF | $380.81 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.22% | Total Building Size | 10,050 SF |
| Sale Type | Investment | Total Land Area | 0.21 AC |
| Status | Active |
| Price | $3,827,175 CAD |
| Price / SF | $380.81 CAD / SF |
| Cap Rate | 7.22% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 10,050 SF |
| Total Land Area | 0.21 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 413 S Johnson St, Iowa City, IA 52240 | Multifamily | 10,050 SF | 1983 | - |
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Apartments Near The University of Iowa
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