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900-910 N Dodge Street Iowa City IA 52240

IA, Iowa City For sale MULTI-FAMILY Sold None Slab Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
For saleMULTI-FAMILYIAIowa City52240900-910 N Dodge Street, Iowa City, IA, 52240
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  • MULTI-FAMILY
  • For sale

900-910 N Dodge Street Iowa City IA 52240

900-910 N Dodge Street, Iowa City, IA, 52240
$5,700,000
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Basics

  • Date added: Added 4 weeks ago
  • Type: MULTI-FAMILY
  • Status: Sold
  • DOM: 0
  • Subdivision: Unknown
  • Year built: 1977
  • Water/Sewer: City Sewer,City Water
  • Heating/Cooling: None
  • Units Total: 44
  • Address: 900-910 N Dodge Street, Iowa City, IA, 52240
  • MLS ID: 202601136

Description

  • Description:

    Investor Alert! Rare opportunity to acquire a 44-unit rental portfolio in a highly desirable location just minutes from Downtown Iowa City and within close proximity to the University of Iowa campus. Situated north of Happy Hollow Park, this offering includes multiple contiguous parcels featuring two apartment buildings, one duplex, and one single-family home. The contiguous nature of the properties creates operational efficiencies. All 44 units are fully leased as student housing, providing immediate and stable cash flow. Current leases extend through 7/23/2026, with the majority already renewed through 7/23/2027, demonstrating strong tenant demand and consistent pre-leasing performance in this proven student rental corridor. The properties have an established rental history and benefit from their close proximity to campus, downtown amenities, public transportation, and neighborhood parks. This is a stabilized, income-producing portfolio ideal for investors seeking dependable returns in a supply-constrained market. The owner is a licensed Iowa Broker, and the sale is subject to a 1031 tax-deferred exchange. Financials, rent roll, and additional due diligence materials available upon request. Advance notice required for showings due to full occupancy.

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Location

  • Directions: Located just south of North Dodge Hy-Vee before Brown Street
  • County: Johnson

Building Details

  • Basement: Slab
  • Parking: None

Amenities & Features

  • Features:
    DishwasherDryerMicrowaveRange/OvenRefrigeratorWasher
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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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