717 East Jefferson Street

717 & 719 E Jefferson Street is a 2-unit multifamily investment opportunity located in Iowa City, Iowa. Constructed in 1915, the property features two spacious units, including one 5-bedroom, 2.5-bath unit and one 5-bedroom, 2-bath unit. Situated on a 0.138-acre lot, the property offers an attractive housing option in a highly sought-after location near the University of Iowa.

Positioned just east of downtown Iowa City and within walking distance of the University of Iowa campus, the property benefits from strong and consistent rental demand. With a proforma NOI of $58,623 and a 6.90% cap rate, the offering provides stable cash flow and long-term investment potential in one of Iowa’s strongest rental markets.