2407 Petsel Place, Iowa City, IA 52246
- $504,000
- 4
- BD
- 2
- BA
- 2,190
- SqFt
- List Price
- $504,000
- Status
- ACTIVE
- Days on Market
- 31
- MLS#
- 743899
- Subtype
- Residential
- Style
- Duplex
- Architectural Style
- Duplex
- Year Built
- 1900
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,190
- Lot Size
- 8,833
- Acres
- 0.20
- MLS Area Major
- Iowa City
Property Description
Whether you're an investor chasing yield or an owner looking to house hack your way into real estate, 2407 Petsel Place checks every box. This fully remodeled two-story duplex delivers a great cap rate with two income streams built in — a short-term rental upstairs and a long-term tenant downstairs — both units freshly updated in 2025 and ready to cash flow from day one. Location does the heavy lifting here. Situated less than 2 miles from the University of Iowa, UI Hospitals & Clinics, and Kinnick Stadium, this property sits in one of Iowa's most consistent rental corridors — low vacancy, steady demand, and a tenant pool that never dries up. Add a grocery store nearby and direct access to the Iowa City bus line, and you have a property that practically rents itself. Live downstairs, collect rent upstairs — or add it to your portfolio as a standalone acquisition or part of a larger Iowa City package that is currently available.
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Additional Information
- Interior Features
- Eat-in Kitchen
- Exterior Features
- Deck, Patio
- Taxes
- $5,530
- Property Description
- Duplex
- Zoning
- R
- Flooring
- Hardwood, Laminate, Tile, Vinyl
- Appliances
- Dishwasher, Microwave, Refrigerator, Stove
- Heating
- Forced Air, Gas, Natural Gas
- Air Conditioning
- Central Air
- Roof
- Asphalt, Shingle
- Parking Features
- Attached, Garage, Two Car Garage
- Garage Spaces
- 2
- School District
- Iowa City
Mortgage Calculator
Listing courtesy of Realty ONE Group Impact.
Data courtesy of the Des Moines Area Association of REALTORS