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2432 Petsel Place Iowa City IA 52246

IA, Iowa City For sale MULTI-FAMILY Active 4 or More Cars Daylight Windows, Partial, Poured Concrete Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
For saleMULTI-FAMILYIAIowa City522462432 Petsel Place, Iowa City, IA, 52246
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  • MULTI-FAMILY
  • For sale

2432 Petsel Place Iowa City IA 52246

2432 Petsel Place, Iowa City, IA, 52246
$995,000
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Basics

  • Date added: Added 7 days ago
  • Type: MULTI-FAMILY
  • Status: Active
  • DOM: 7
  • Subdivision: Hawkeye Heights
  • Year built: 1980
  • Water/Sewer: City Sewer,City Water
  • Heating/Cooling: Window/Wall Units,Baseboard
  • Units Total: 10
  • Address: 2432 Petsel Place, Iowa City, IA, 52246
  • MLS ID: 202601495

Description

  • Description:

    10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.

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Location

  • Directions: North on Mormon Trek to left on Petsel Place.
  • County: Johnson

Building Details

  • Basement: Daylight Windows, Partial, Poured Concrete
  • Parking: 4 or More Cars

Amenities & Features

  • Features:
    DishwasherDryerRange/OvenRefrigeratorWasher
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https://www.apartmentbrokersofiowa.com/wp-content/uploads/2026/03/202601495-9aa7ae9d-e94b-424f-9b68-b27afc73ef05.jpg 853 1280 https://www.apartmentbrokersofiowa.com/wp-content/uploads/2024/05/ABILogo.png 2026-03-03 13:58:132026-03-10 04:07:082432 Petsel Place Iowa City IA 52246

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Joanne M. Stevens

1005 Blairs Ferry RD, Ste 210
Cedar Rapids, IA 52402
Phone: (319) 378-6786
Fax: (515) 453-4484
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