Sold for $950,000

$950,000

625 E Burlington St, Iowa City, IA 52240

--beds

1baths

5,658sqft

Multi Family, Residential

Built in 1900

-- sqft lot

$965,200 Zestimate^®

$168/sqft

$1,540 Estimated rent

Home value

$965,200

$917,000 - $1.01M

$1,540/mo

Zestimate^® history

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$1,540/mo

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$1,540/mo

Rent Zestimate^®

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$5,204/mo

Est. payment

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$5,204/mo

Est. payment

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What's special

Well maintained fully leased 9 unit apartment complex for sale. Currently fully leased through end of July 2026 school year with rent increases. This is a prime location Downtown Iowa City on the University of Iowa Campus. Walkable to class for Tenants. on bus routes, onsite laundry, and Tenants pay all utilities. Each apartment is a separate unit with separate kitchen and bathroom in each unit. Mix of Studio, One Bedroom & Two Bedroom Apartments. Many updates throughout the building have been made. One owner is an Iowa Broker

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 1

Heating

Electric

Cooling

Window Unit(s)

Appliances

Included: Range Or Oven, Refrigerator, Microwave
Laundry: Laundry Room, In Basement

Features

Other
Flooring: Wood, Vinyl, Laminate
Basement: Full,Walk-Out Access
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 5,658
Total interior livable area: 5,658 sqft
Finished area above ground: 4,158
Finished area below ground: 1,500

Property

Parking

Total spaces: 4
Parking features: Off Street

Features

Levels: Two
Stories: 2
Patio & porch: Front Porch

Lot

Size: 8,000 Square Feet
Dimensions: 80 x 100

Details

Parcel number: 1010463001
Zoning: RNS20
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Residential

Materials

Frame, Wood

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks, Street Lights, Close To School, Near Shopping, Near Public Transport
Security: Smoke Detector(s), Carbon Monoxide Detector(s)
Subdivision: Original Town

Location

Region: Iowa City

Financial & listing details

Price per square foot: $168/sqft
Tax assessed value: $950,000
Annual tax amount: $11,776
Date on market: 3/24/2025
Listing terms: Conventional,1031 Exchange,Cash

Price history

Date	Event	Price
9/2/2025	Sold	$950,000-2.6%$168/sqft
Source: Iowa City Area AOR #202501907 Report a problem
9/1/2025	Pending sale	$975,000$172/sqft
Source: Iowa City Area AOR #202501907 Report a problem
2/10/2025	Listed for sale	$975,000+22.6%$172/sqft
Source: Iowa City Area AOR #202500859 Report a problem
12/1/2023	Sold	$795,000-16.3%$141/sqft
Source: Iowa City Area AOR #202305189 Report a problem
10/30/2023	Contingent	$950,000$168/sqft
Source: Iowa City Area AOR #202305189 Report a problem
10/4/2023	Listed for sale	$950,000$168/sqft
Source: Iowa City Area AOR #202305189 Report a problem