530 E Washington St

530 E Washington Street is a multifamily investment opportunity located in Iowa City, Iowa. Constructed in 1900, the property features two residential units within a single building and offers a total of seven bedrooms and three bathrooms. Situated on a 0.41-acre lot near the University of Iowa campus and downtown Iowa City, the property is well-positioned to benefit from strong and consistent rental demand.

Located in one of Iowa’s most established rental markets, the property provides convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers. With a proforma NOI of $39,661 and a 6.78% cap rate, the offering presents stable cash flow and long-term investment potential in a highly desirable location.