516 Church, Iowa City, IA 52240
516 Church, Iowa City, IA 52240
516 Church, Iowa City, IA 52240
516 Church, Iowa City, IA 52240
516 Church, Iowa City, IA 52240
516 Church, Iowa City, IA 52240
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Diana Salazar

Diana Salazar

+1(319) 722-1022
$ 550,000
Est. payment | /mo
Save
$ 550,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Subdivision Original Town

MLS Listing ID 202602686

HOA Y/N No

Abv Grd Liv Area 4,000

Year Built 1970

Annual Tax Amount $11,474

Tax Year 2025

Lot Dimensions 60 X 150

Property Sub-Type Multi Family

Property Description

Currently partially vacant but supported by an excellent rental history, this close-in property offers strong income potential and flexible use. Originally a single-family home, it has been converted into three 1-bedroom apartments along with six efficiency units off the alley, creating a total of nine rentable units. The location is highly desirable, providing convenient access to nearby amenities, transit, and the university. The property also features ample on-site parking, a valuable asset for tenants and a competitive advantage in the rental market. Great for an investor seeking a value-add opportunity or looking to expand their portfolio with a well-located multi-unit building. This property delivers both long-term potential and value.

Location

State IA

County Johnson

Zoning Multi-Family Residential

Direction Gilbert Street then east on Church Street

Rooms

Basement See Remarks

Interior

Interior Features Other

Heating Ductless, Electric, Natural Gas

Flooring Carpet, Vinyl

Fireplaces Type None

Appliance Range Or Oven, Refrigerator

Laundry None

Exterior

Exterior Feature Balcony

Parking Features Off Street

Community Features Close To School, Close To Shopping, Street Lights

Utilities Available City Sewer, City Water

Total Parking Spaces 4

Building

Structure Type Wood,Frame

New Construction No

Schools

Elementary Schools Mann

Middle Schools Southeast

High Schools City

Others

HOA Fee Include None

Tax ID 1010137014

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Blank & McCune Real Estate

NEARBY SCHOOLS & PROPERTIES

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Diana Salazar
Diana Salazar

Agent | License ID: S67677000

+1(319) 722-1022

2530 Corridor Way Suite 202, Caralville, Iowa, 52241, United States

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516 Church