Sold for $1,175,000

$1,175,000

1601 Aber Ave, Iowa City, IA 52246

--beds

1baths

9,879sqft

Multi Family, Residential

Built in 1983

-- sqft lot

$1,193,300 Zestimate^®

$119/sqft

$1,162 Estimated rent

Home value

$1,193,300

$1.13M - $1.25M

$1,162/mo

Zestimate^® history

Owner options

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$1,162/mo

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$1,162/mo

Rent Zestimate^®

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$6,436/mo

Est. payment

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$6,436/mo

Est. payment

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What's special

Updated interiors

This income-producing 12-unit apartment building offers a compelling opportunity for investors seeking stable cash flow and long-term value in the Iowa City market. Located on Aber Avenue, just minutes from shopping, dining, bus lines and interstate access, this property features updated interiors and an excellent track record of full occupancy. This property offers immediate cash flow and room for future upside. The location, straightforward mechanical systems, and tenant-paid utilities make it a practical and appealing option for both first-time multifamily buyers and experienced investors looking to add a stable asset to their portfolio.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 1

Heating

Baseboard

Cooling

Window Unit(s)

Appliances

Included: Dishwasher, Range Or Oven, Refrigerator, Microwave

Features

Flooring: Carpet, Vinyl
Basement: Concrete,Full,Daylight
Has fireplace: No

Interior area

Total structure area: 9,879
Total interior livable area: 9,879 sqft
Finished area above ground: 9,879
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Off Street

Lot

Size: 0.83 Acres
Dimensions: 302 x 119

Details

Parcel number: 1017492008
Zoning: Residential
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Residential

Materials

Brick, Frame, Partial Brick

Condition

Year built: 1983

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks, Street Lights, Close To School, Near Shopping, Near Public Transport
Subdivision: Bryn Mawr Heights Part 13

Location

Region: Iowa City

Financial & listing details

Price per square foot: $119/sqft
Annual tax amount: $15,878
Date on market: 5/27/2025
Listing terms: Conventional,Cash

Price history

Date	Event	Price
8/26/2025	Sold	$1,175,000-9.3%$119/sqft
Source: Iowa City Area AOR #202503475 Report a problem
8/15/2025	Pending sale	$1,295,000$131/sqft
Source: Iowa City Area AOR #202503475 Report a problem
5/27/2025	Listed for sale	$1,295,000$131/sqft
Source: Iowa City Area AOR #202503475 Report a problem
5/8/2023	Listing removed	--
Source: Zillow Rentals Report a problem
2/20/2023	Listed for rent	$875
Source: Zillow Rentals Report a problem
9/20/2020	Listing removed	$875
Source: Heritage Property Management Report a problem
4/14/2020	Listed for rent	$875
Source: Heritage Property Management Report a problem