Currently partially vacant but supported by an excellent rental history, this close-in property offers strong income potential and flexible use. Originally a single-family home, it has been converted into three 1-bedroom apartments along with six efficiency units off the alley, creating a total of nine rentable units. The location is highly desirable, providing convenient access to nearby amenities, transit, and the university. The property also features ample on-site parking, a valuable asset for tenants and a competitive advantage in the rental market. Great for an investor seeking a value-add opportunity or looking to expand their portfolio with a well-located multi-unit building. This property delivers both long-term potential and value.
Sold for $629,500
$629,500
516 Church St, Iowa City, IA 52245
--beds
--baths
4,000sqft
Multi Family, Residential
Built in 1970
-- sqft lot
$-- Zestimate®
$157/sqft
$1,814 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,814/mo
Zestimate® history
Owner options
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$1,814/mo
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$1,814/mo
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$3,448/mo
Est. payment
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$3,448/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Teresa Morrow 319-530-6235,
Blank & McCune Real Estate
Bought with:
Nick Faselt
Pace Property Management Inc
Source: Iowa City Area AOR,MLS#: 202602686
Facts & features
Interior
Heating
- Ductless, Electric, Natural Gas
Appliances
- Included: Range Or Oven, Refrigerator
- Laundry: None
Features
- Other
- Flooring: Carpet, Vinyl
- Basement: See Remarks
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,000
- Total interior livable area: 4,000 sqft
- Finished area above ground: 4,000
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Exterior features: Balcony
Lot
- Size: 9,000 Square Feet
- Dimensions: 60 x 150
Details
- Parcel number: 1010137014
- Zoning: Multi-Family Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Wood, Frame
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Close To School, Near Shopping, Street Lights
- Security: Smoke Detector(s)
- Subdivision: Original Town
HOA
- Services included: None
Location
- Region: Iowa City
Financial & listing details
- Price per square foot: $157/sqft
- Tax assessed value: $649,780
- Annual tax amount: $11,474
- Date on market: 4/21/2026
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $629,500+14.5%$157/sqft |
Source:  Iowa City Area AOR #202602686 Report a problem | ||
| 4/27/2026 | Pending sale | $550,000$138/sqft |
Source: Iowa City Area AOR #202602686 Report a problem | ||
| 4/22/2026 | Listed for sale | $550,000$138/sqft |
Source: Iowa City Area AOR #202602686 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,474 +1.3% | $649,780 +7.9% |
| 2024 | $11,331 -0.4% | $602,340 |
| 2023 | $11,377 -11.1% | $602,340 +14.7% |
| 2022 | $12,803 -5% | $524,920 |
| 2021 | $13,476 -5.8% | $524,920 +0.8% |
| 2020 | $14,304 +11.8% | $520,850 |
| 2019 | $12,794 | $520,850 +17.9% |
| 2018 | $12,794 -5.9% | $441,900 |
| 2017 | $13,602 +9.9% | $441,900 +13.7% |
| 2016 | $12,382 -4.7% | $388,760 |
| 2015 | $12,992 +12.3% | $388,760 +17.3% |
| 2014 | $11,572 | $331,310 +4.7% |
| 2012 | -- | $316,510 |
| 2011 | -- | $316,510 +4.3% |
| 2009 | -- | $303,390 |
| 2008 | -- | $303,390 |
Find assessor info on the county website
Neighborhood: Northside
Nearby homes
- $--1 bd1 ba400 sqft516 Church St #1, Iowa City, IA 52245Off Market
- $--1 bd1 ba500 sqft516 Church St #9, Iowa City, IA 52245Off Market
- $--1 bd1 ba550 sqft516 Church St #7, Iowa City, IA 52245Off Market
- $--1 bd1 ba400 sqft516 Church St #3, Iowa City, IA 52245Off Market
- $--1 bd1 ba400 sqft516 Church St #5, Iowa City, IA 52245Off Market
- $--1 bd1 ba400 sqft516 Church St #2, Iowa City, IA 52245Off Market
- $--1 bd1 ba400 sqft516 Church St #4, Iowa City, IA 52245Off Market
- $--1 bd1 ba700 sqft516 Church St APT 8, Iowa City, IA 52245Off Market
Nearby schools
GreatSchools rating
- 4/10Horace Mann Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Southeast Junior High SchoolGrades: 6-8Distance: 2.2 mi
- 6/10Iowa City High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Mann
- Middle: Southeast
- High: City
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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- Iowa
- Johnson County
- Iowa City
- 52245
- Northside
- 516 Church St
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