$244,900

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 $283/sqft
  • Property List Date Icon Listed 3 months 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:
May 20, 2026 at 5:19AM
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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