$309,950

409 S 7th Avenue, Iowa City, IA 52245

4 beds |
2 baths |
1,721 sqft

Single-Family Home
Built in 1992
828sqft lot
2 car garage
$180/sqft
Listed 20 years ago

Property Description

Welcome to this charming and well-located property in the heart of Iowa City right on a corner lot! This split-level home offers a unique investment or owner-occupant opportunity, currently split into two rentable units. A 2-bedroom 1-bathroom unit is located on the upper level. There is a one-bedroom/studio unit layout in the lower level. A one stall attached garage provides easy access to the lower-level unit, while the front door will easily take you to the upper unit. Each level has their own in-unit laundry and appliances. There is an additional one-stall garage that can be used as a workshop or storage unit, conveniently located on the neighboring lot with plenty of room for driveway parking and even gardening or entertaining with a spacious and manageable yard. Each unit is currently tenant occupied on a month-to-month lease, making this an excellent opportunity to expand your investment portfolio while making instant cash flow. This home can also easily be converted back into a home for owner occupancy. You could even live in one unit while renting out the other, making this versatile property full of potential! Just minutes from downtown, parks, and the University of Iowa, the location provides strong rental appeal with easy access to shopping, dining, and entertainment. Each unit offers comfortable living spaces, functional layouts, and great natural light, making it ideal for tenants or multi-generational living.

Listing Status:: Active
Date Added:: April 7, 2006
Data Last Updated:: May 20, 2026 at 4:19AM
Listing Office:: GRAF REAL ESTATE, ERA POWERED : 319-826-1861
Listing Agent:: Mike Graf-Graf Home Selling Team : 319-826-1861
MLS ID:: 2602375

General: Breakfast BarDining AreaSeparate/Formal Dining RoomMain Level Primary
Appliances: DryerDishwasherMicrowaveRangeRefrigeratorWasher
Basement: Full
A/C: Central Air
Heating: Forced AirGas

General: FenceOutbuildingShed(s)
Style: Split-Foyer
Other Structures: OutbuildingShed(s)Patio
Parking: AttachedDetachedGarageOff StreetSee Remarks

General: FrameVinyl SidingMulti/Split

Originating MLS: CDR_CDR
County: Johnson

Zoning: As per legal1014201001

Water: Public
Sewer: Public Sewer

Source: CDR_CDR

This listing courtesy of Mike Graf-Graf Home Selling Team , GRAF REAL ESTATE, ERA POWERED

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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