Sold for $2,300,000

$2,300,000

905 W Benton St, Iowa City, IA 52246

--beds

--baths

--sqft

Multi Family, Residential

Built in 1961

-- sqft lot

$2,332,600 Zestimate^®

$--/sqft

$1,179 Estimated rent

Home value

$2,332,600

$2.22M - $2.45M

$1,179/mo

Zestimate^® history

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$1,179/mo

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$1,179/mo

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$12,599/mo

Est. payment

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$12,599/mo

Est. payment

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What's special

Colonial Terrace: Well-located on West Benton Street, this 32 unit residential rental property is fully leased thru July 2025. There is a mixture of 1, 2 and 3 bedroom units with average monthly rent of $820 per unit. Convenient parking with easy access and within walking distance to the to the University of Iowa campus. Excellent rental history.

Facts & features

Interior

Heating

Baseboard, Common, Steam

Cooling

Central Air

Appliances

Included: Dishwasher, Range Or Oven, Refrigerator, Microwave
Laundry: Other

Features

Primary On Main Level, Breakfast Area
Flooring: Carpet, Wood, Vinyl
Basement: See Remarks
Has fireplace: No
Fireplace features: None

Interior area

Finished area above ground: 0
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Off Street

Features

Levels: Three Or More
Stories: 3
Exterior features: Balcony

Lot

Features: One To Two Acres

Details

Additional structures: Outbuilding
Parcel number: 1016289001
Zoning: RM-44
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Residential

Materials

Brick, Frame

Condition

Year built: 1961

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Pet Policy, Security, Street Lights, Close To School, Near Public Transport
Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Cottage Hill Addition

HOA

Services included: None

Location

Region: Iowa City

Financial & listing details

Annual tax amount: $41,421
Date on market: 6/30/2025
Listing terms: 1031 Exchange,Cash,Conventional

Price history

Date	Event	Price
6/30/2025	Sold	$2,300,000-4.2%
Source: Iowa City Area AOR #202504272 Report a problem
5/12/2025	Pending sale	$2,400,000
Source: Iowa City Area AOR #202500945 Report a problem
2/7/2025	Listed for sale	$2,400,000
Source: Iowa City Area AOR #202500945 Report a problem
4/29/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/28/2024	Listed for rent	$750-3.2%
Source: Zillow Rentals Report a problem
3/3/2021	Listing removed	--
Source: Owner Report a problem
5/8/2020	Listing removed	$775
Source: Owner Report a problem
9/12/2019	Price change	$775-3.1%
Source: Owner Report a problem
6/25/2019	Price change	$800+14.3%
Source: Owner Report a problem
4/3/2019	Listed for rent	$700-9.7%
Source: Owner Report a problem
2/28/2019	Listing removed	$775
Source: Owner Report a problem
7/17/2018	Price change	$775+6.9%
Source: Owner Report a problem
4/18/2018	Price change	$725+7.4%
Source: Owner Report a problem
2/20/2018	Price change	$675-12.9%
Source: Owner Report a problem
2/10/2018	Price change	$775+14.8%
Source: Owner Report a problem
12/14/2017	Listed for rent	$675
Source: Owner Report a problem