Fully leased, one owner 4 plex in quiet Court Hill neighborhood, very close to bus stop. Separately metered utilities and shared off-street parking. Provides nice positive cash flow at an estimated 7.18% cap rate. 3 units rented until 7/31/2021 and on other long term tenant on month to month.
Multi-familyProperty Type
1982Year Built
9,063 sq ftLot Size
$161Est. Price/Sq.Ft.
Listed by David Biancuzzo• Coldwell Banker Real Estate Professionals
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Johnson County
APN
1012494003
Parking Spaces
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Basement
—
Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Mar 2, 2026.
RM12
Low Density Multi-Family Residential Zone
The purpose of the low density multi-family residential zone RM-12 is to provide for the development of high density, single-family housing and low density, multi-family housing. This zone is intended to provide a diverse variety of housing options in neighborhoods throughout the city. Careful attention to site and building design is important to ensure that the various housing types in any one location are compatible with 1 another.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Interior
Heating & Cooling
Has Cooling
Cooling: Window Unit(s)
Has Heating
Heating: Natural Gas, Forced Air
Interior Features
Appliances: Refrigerator
Unit Type 1 Information
Description: Unit has living room. Half bath count: 0. 3/4 bath count: 0.
# of Bathrooms: 1
Total Rent: $725
Unit Type 2 Information
Description: Unit has living room. Half bath count: 0. 3/4 bath count: 0.
# of Bathrooms: 1
Total Rent: $625
Unit Type 3 Information
Description: Unit has living room. Half bath count: 0. 3/4 bath count: 0.
# of Bathrooms: 1
Total Rent: $750
Unit Type 4 Information
Description: Unit has living room. Half bath count: 0. 3/4 bath count: 0.
# of Bathrooms: 1
Total Rent: $725
Exterior
Building Information
Above Grade Finished Area: 1,768
Property Features
Security Features: Smoke Detector(s)
Property Information
Property Type: Residential
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily
Lot Information
Lot Size Dimensions: 125 x 72.5
Zoning: RM12
Financial
Tax Information
Tax Annual Amount: $6,912
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
HOA Information
Association Fee Frequency: Annually
Schools Information
Elementary School: Lucas
Middle Or Junior School: Southeast
High School: City
Location Information
Directions: Court Street to Friendship, North on Friendship.
Subdivision Name: Court Hill
Community Information
Community Features: Sidewalks, Street Lights
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Johnson County
APN: 1012494003
Home facts updated by county records on Mar 2, 2026
Around this home
Schools
Helen Lemme Elementary School
Public PreK-5 • Assigned • 0.4mi
3/10
Southeast Junior High School
Public 6-8 • Assigned • 1.2mi
4/10
Iowa City High School
Public 9-12 • Assigned • 1.1mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Iowacity, IA • 52240
Average low and high temperatures (°F)
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58
35
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81
58
69
50
51
35
36
21
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Feb
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May
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$270,000 – $327,000
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