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For sale
    • $950,000

    2432 Petsel Pl, Iowa City, IA 52246

    --beds
    1baths
    7,488sqft
    : 
    $6,781/mo
    Get pre-qualified
    Multi Family, Residential
    Built in 1980
    -- sqft lot
    $909,400 Zestimate®
    $127/sqft
    $-- HOA

    What's special

    10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.
    148 days
    |
    135
    |
    5
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Teague Case 319-321-6824,

    Westwinds Real Estate Services, Inc.

    Source: Iowa City Area AOR,MLS#: 202601495MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 1
      Heating
      • Baseboard
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Dishwasher, Dryer, Range Or Oven, Refrigerator, Washer
      Features
      • Flooring: Carpet, Vinyl
      • Basement: Daylight,Partial,Concrete
      • Has fireplace: No
      Interior area
      • Total structure area: 7,488
      • Total interior livable area: 7,488 sqft
      • Finished area above ground: 7,488
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 4
      • Parking features: Off Street
      Lot
      • Size: 0.79 Acres
      • Dimensions: Irr -0.79 Acres
      Details
      • Parcel number: 1017233003
      • Zoning: Multifamily
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Residential
      Materials
      • Vinyl, Frame
      Condition
      • Year built: 1980

      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
      HOA
      • Services included: None
      Location
      • Region: Iowa City

      Financial & listing details

      • Price per square foot: $127/sqft
      • Annual tax amount: $13,546
      • Date on market: 3/3/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $909,400

        $864,000 - $955,000

        $1,415/mo

        Price history

        DateEventPrice
        5/28/2026Listed for sale$950,000-4.5%$127/sqft
        Source: Iowa City Area AOR #202601495 Report a problem
        4/16/2026Listing removed$995,000$133/sqft
        Source: Iowa City Area AOR #202601495 Report a problem
        3/3/2026Listed for sale$995,000-9.5%$133/sqft
        Source: Iowa City Area AOR #202601495 Report a problem
        2/26/2024Listing removed--
        Source: Iowa City Area AOR #202301020 Report a problem
        4/25/2023Listing removed$1,100,000$147/sqft
        Source: Iowa City Area AOR #202301020 Report a problem
        2/24/2023Listed for sale$1,100,000+54.9%$147/sqft
        Source: Iowa City Area AOR #202301020 Report a problem
        11/1/2019Sold$710,000-3.4%$95/sqft
        Source: Iowa City Area AOR #20194730 Report a problem
        7/26/2019Listed for sale$735,000$98/sqft
        Source: Lepic-Kroeger, REALTORS #20194730 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 52246

        Getting around

        52 / 100
        Somewhat Walkable
        35 / 100
        Some Transit
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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