$249,900

121 S Governor Street, Iowa City, IA 52240

  • 2 beds |
  • 1 bath |
  • 864 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1952
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $289/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

Investor alert. Well maintained two bedroom home in the heart of downtown Iowa City with a strong rental history. Currently leased through July 2027, with the potential for owner occupancy once the lease term expires. Rent is currently $1,400 and will increase to $1,650 starting 8/1/2026. The unfinished basement offers opportunity for future finished living space.

Listing Status:
Active
Date Added:
February 5, 2026
Data Last Updated:
February 14, 2026 at 4:18AM
Listing Office:
SKOGMAN REALTY : 319-625-6427
Listing Agent:
Gwen Johnson : 319-248-0531
MLS ID:
2600866
  • General: Kitchen/Dining ComboMain Level Primary
  • Appliances: DryerDishwasherMicrowaveRangeRefrigeratorWasher
  • Basement: Full
  • A/C: Wall/Window Unit(s)
  • Heating: Forced AirGas
  • Style: Ranch
  • Other Structures: Deck
  • Parking: GarageOff Street
  • General: FrameVinyl Siding1
  • Originating MLS: CDR_CDR
  • County: Johnson
  • Zoning: See abstract.1010479011
  • Water: Public
  • Sewer: Public Sewer
  • Source: CDR_CDR

This listing courtesy of Gwen Johnson , SKOGMAN REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Longfellow Elementary School

1130 Seymour Ave, Iowa City, IA, 52240

Grades PK-6

0.44 miles away

S

Southeast Junior High School

2501 Bradford Dr, Iowa City, IA, 52240

Grades 7-8

1.55 miles away

C

City High School

1900 Morningside Dr, Iowa City, IA, 52245

Grades 9-12

0.88 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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