2407 Petsel Place, Iowa City, IA 52246
2407 Petsel Place, Iowa City, IA 52246
2407 Petsel Place, Iowa City, IA 52246
2407 Petsel Place, Iowa City, IA 52246
2407 Petsel Place, Iowa City, IA 52246
2407 Petsel Place, Iowa City, IA 52246
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$ 504,000
Est. payment | /mo

4 Beds

2 Baths

2,190 SqFt


Save
$ 504,000
Est. payment | /mo
Save

4 Beds

2 Baths

2,190 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,190 sqft

Price per Sqft $230

MLS Listing ID 743899

Style Duplex

Bedrooms 4

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1900

Annual Tax Amount $5,530

Lot Size 8,842 Sqft

Acres 0.203

Property Sub-Type Duplex

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.

Location

State IA

County Johnson

Area Iowa City

Zoning R

Rooms

Basement Partially Finished

Main Level Bedrooms 2

Interior

Interior Features Eat-in Kitchen

Heating Forced Air, Gas, Natural Gas

Cooling Central Air

Flooring Hardwood, Laminate, Tile, Vinyl

Fireplaces Number 1

Fireplace Yes

Appliance Dishwasher, Microwave, Refrigerator, Stove

Laundry Main Level, Upper Level

Exterior

Exterior Feature Deck, Patio

Parking Features Attached, Garage, Two Car Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Chain Link, Wood

Community Features Sidewalks

Roof Type Asphalt,Shingle

Porch Deck, Open, Patio

Private Pool No

Building

Dwelling Type Duplex

Sewer Public Sewer

Water Public

New Construction No

Construction Status Resale

Schools

School District Iowa City

Others

Senior Community No

Tax ID 1017233007

Monthly Total Fees $460

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Listed by Realty ONE Group Impact
Daniel Wandling

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(515) 451-3702

dan@iowadan.com

2425 N Ankeny Blvd, Ankeny, IA, 50023, USA

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2407 Petsel Place