521 E College Street

521 E College Street, Iowa City, IA 52240

Property Information

  • For Sale $765,000
  • Property Type Multi-Family
  • Property Size 3,240 SF
  • Lot Size 0.17 Acre
  • Cap Rate % 6.92
  • NOI / YR $52,923.00
  • Year Built 1890
  • Date Updated Nov 6, 2026

Description

521 E College Street is an investment opportunity located in Iowa City, Iowa. Constructed in 1890, the property features an 8-bedroom, 4-bath residence totaling 3,240 square feet and is situated on a 0.172-acre lot. Located near the University of Iowa campus and downtown Iowa City, the property is well-positioned to capitalize on the area's strong and consistent housing demand.

 

Situated in one of Iowa’s most established rental markets, the property offers convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers. With a proforma NOI of $52,923 and a 6.92% cap rate, the offering provides stable cash flow and long-term investment potential in a highly desirable Iowa City location.

Contacts

Location

Located at 521 E College Street, Iowa City, IA 52240, this property is part of the College Green neighborhood and Outside Market Area market.

Contact 521 E College Street
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