Whether you're an investor chasing yield or an owner looking to house hack your way into real estate, 2407 Petsel Place checks every box. This fully remodeled two-story duplex delivers a great cap rate with two income streams built in — a short-term rental upstairs and a long-term tenant downstairs — both units freshly updated in 2025 and ready to cash flow from day one.
Location does the heavy lifting here. Situated less than 2 miles from the University of Iowa, UI Hospitals & Clinics, and Kinnick Stadium, this property sits in one of Iowa's most consistent rental corridors — low vacancy, steady demand, and a tenant pool that never dries up. Add a grocery store nearby and direct access to the Iowa City bus line, and you have a property that practically rents itself.
Live downstairs, collect rent upstairs — or add it to your portfolio as a standalone acquisition or part of a larger Iowa City package that is currently available.
For sale
$504,000
2407 Petsel Pl, Iowa City, IA 52246
4beds
2,190sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$230/sqft
$-- HOA
What's special
Fully remodeled two-story duplex
- 77 days
- 236
- 1
Zillow last checked:
Listing updated:
Listed by:
Brenda Phongsavanh 515-446-7524,
Realty ONE Group Impact
Source: DMMLS,MLS#: 743899
Originating MLS: Des Moines Area Association of REALTORS
Originating MLS: Des Moines Area Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Heating
- Forced Air, Gas, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Stove
- Laundry: Main Level, Upper Level
Features
- Eat-in Kitchen
- Flooring: Hardwood, Laminate, Tile, Vinyl
- Basement: Partially Finished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,190
- Total interior livable area: 2,190 sqft
- Finished area below ground: 800
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Two Car Garage
- Attached garage spaces: 2
Features
- Patio & porch: Deck, Open, Patio
- Exterior features: Deck, Patio
- Fencing: Chain Link,Wood
Lot
- Size: 8,842 Square Feet
Details
- Parcel number: 1017233007
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Asphalt,Shingle
Condition
- Resale
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Iowa City
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $318,760
- Annual tax amount: $5,530
- Date on market: 6/24/2026
- Cumulative days on market: 79 days
- Listing terms: Cash,Conventional,FHA
- Road surface type: Concrete
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $504,000$230/sqft |
Source:  DMMLS #743899 Report a problem | ||
| 3/2/2025 | Listing removed | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/14/2025 | Listed for rent | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/18/2024 | Listing removed | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/14/2024 | Listed for rent | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/23/2024 | Listing removed | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/21/2024 | Listed for rent | $1,350-10%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/7/2024 | Listing removed | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/25/2024 | Price change | $1,500-9.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/23/2024 | Price change | $1,650-10.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/22/2024 | Price change | $1,850-5.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/19/2024 | Listed for rent | $1,950+56%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/28/2024 | Listing removed | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/8/2024 | Listed for rent | $1,250-45.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/6/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/6/2023 | Listed for rent | $2,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/29/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 4/9/2022 | Listed for rent | $2,300+12.2%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/25/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/10/2021 | Price change | $2,050-4.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/26/2020 | Price change | $2,150+11.4%$1/sqft |
Source: Owner Report a problem | ||
| 7/6/2020 | Price change | $1,930-2.3%$1/sqft |
Source: Owner Report a problem | ||
| 6/1/2020 | Listed for rent | $1,975+1.3%$1/sqft |
Source: Owner Report a problem | ||
| 3/1/2020 | Listing removed | $1,950$1/sqft |
Source: Owner Report a problem | ||
| 2/6/2020 | Listed for rent | $1,950$1/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,530 +1.3% | $318,760 +9.8% |
| 2024 | $5,462 +12.1% | $290,330 |
| 2023 | $4,872 +4.7% | $290,330 +29.2% |
| 2022 | $4,655 -3.6% | $224,770 |
| 2021 | $4,828 +1.9% | $224,770 +0.7% |
| 2020 | $4,740 +9.1% | $223,280 |
| 2019 | $4,346 | $223,280 +12.9% |
| 2018 | $4,346 +1.1% | $197,820 |
| 2017 | $4,300 -2.2% | $197,820 -1.1% |
| 2016 | $4,398 +1.9% | $200,100 |
| 2015 | $4,314 +5.5% | $200,100 +5.9% |
| 2014 | $4,088 | $188,990 |
| 2012 | -- | $188,990 |
| 2011 | -- | $188,990 +3.9% |
| 2009 | -- | $181,960 |
| 2008 | -- | $181,960 +28.7% |
| 2005 | $2,600 +2.5% | $141,360 |
| 2004 | $2,536 -2.7% | $141,360 +3.8% |
| 2003 | $2,606 +3.6% | $136,170 |
| 2002 | $2,516 +7.3% | $136,170 +7.2% |
| 2001 | $2,344 | $126,980 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 52246
Nearby schools
Schools provided by the listing agent
- District: Iowa City
Source: DMMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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