Well-located west side Iowa City townhouse-style 4-plex with a long history of low vacancy and consistent rental income. The property features functional unit layouts and an opportunity to enhance value over time through cosmetic updates and increased rents. No HOA gives Owner flexibility and control over updates.
Sold for $500,000
$500,000
2427 Petsel Pl, Iowa City, IA 52246
--beds
1baths
5,532sqft
Multi Family, Residential
Built in 1981
-- sqft lot
$503,700 Zestimate®
$90/sqft
$1,431 Estimated rent
Home value
$503,700
$479,000 - $529,000
$1,431/mo
Zestimate® history
Owner options
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Functional unit layouts
Zillow last checked:
Listing updated:
Listed by:
Teague Case 319-321-6824,
Westwinds Real Estate Services, Inc.
Bought with:
Diana Salazar
Skogman Realty Co.
Source: Iowa City Area AOR,MLS#: 202600407
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Range Or Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Vinyl, Laminate
- Basement: Concrete,Finished
- Has fireplace: No
Interior area
- Total structure area: 5,532
- Total interior livable area: 5,532 sqft
- Finished area above ground: 4,032
- Finished area below ground: 1,500
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Lot
- Size: 0.28 Acres
- Dimensions: Irr - 12,075 sq ft
Details
- Parcel number: 1017233005
- Zoning: Multi-family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Partial Brick, Wood, Frame
Condition
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Close To School, Near Shopping, Near Public Transport, Sidewalks, Street Lights
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Hawkeye Heights
Location
- Region: Iowa City
Financial & listing details
- Price per square foot: $90/sqft
- Annual tax amount: $9,360
- Date on market: 1/14/2026
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Sold | $500,000-16%$90/sqft |
Source:  Iowa City Area AOR #202600407 Report a problem | ||
| 2/18/2026 | Pending sale | $595,000$108/sqft |
Source: Iowa City Area AOR #202600407 Report a problem | ||
| 2/2/2026 | Listed for sale | $595,000-20.7%$108/sqft |
Source: Iowa City Area AOR #202600407 Report a problem | ||
| 2/26/2024 | Listing removed | -- |
Source: Iowa City Area AOR #202301021 Report a problem | ||
| 4/25/2023 | Listing removed | $750,000$136/sqft |
Source: Iowa City Area AOR #202301021 Report a problem | ||
| 2/24/2023 | Listed for sale | $750,000+39.4%$136/sqft |
Source: Iowa City Area AOR #202301021 Report a problem | ||
| 4/19/2021 | Sold | $538,000-6.4%$97/sqft |
Source: Iowa City Area AOR #202101189 Report a problem | ||
| 2/25/2021 | Listed for sale | $575,000$104/sqft |
Source: Iowa City Area AOR #202101189 Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: 52246
Nearby homes
- $--3 bd2 ba1.2k sqft2427 Petsel Pl #1, Iowa City, IA 52246Off Market
- $--3 bd1 ba1.2k sqft2427 Petsel Pl #4, Iowa City, IA 52246Off Market
- $--3 bd1 ba1.2k sqft2427 Petsel Pl #3, Iowa City, IA 52246Off Market
- $--3 bd1 ba1.2k sqft2427 Petsel Pl #2, Iowa City, IA 52246Off Market
- $259,700-- bd-- ba-- sqft2417 Petsel Pl APT 1, Iowa City, IA 52246Off Market
- $402,3003 bd3 ba1.5k sqft2417 Petsel Pl, Iowa City, IA 52246Off Market
- $--2 bd1 ba-- sqft2437 Petsel Pl #169, Iowa City, IA 52246Off Market
- $--3 bd1 ba1k sqft2437 Petsel Pl #6489035, Iowa City, IA 52246Off Market
Nearby schools
GreatSchools rating
- 3/10Norman Borlaug Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 5/10Northwest Junior High SchoolGrades: 6-8Distance: 2 mi
- 8/10West Senior High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Borlaug
- Middle: Northwest
- High: West
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$503,700
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- Iowa
- Johnson County
- Iowa City
- 52246
- 2427 Petsel Pl
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