2407 Petsel Place,Iowa City, IA 52246
Iowa City, IA 52246
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.
Details
| MLS # | 743899 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 56 |
| Listing Provided By | Realty ONE Group Impact | Brenda Phongsavanh |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,190 |
| Garage | 2 |
| Basement | Y |
| Zoning | R |
| Acreage | 0.20 |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached, Garage, Two Car Garage |
Taxes
| Tax Annual Amount | 5530.31 |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | IA |
|---|---|
| County | Johnson |
| City | Iowa City |
| Zip Code | 52246 |
| Area | Iowa City |
| Listing VS Median (in 52246) | |
Price: $504,000 low | high Med: $577,000 sqft: 2,190 low | high Med: 2,535 $ / sqft: $230 low | high Med: $228 On site: 56 low | high Med: 52.5 | |
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Learn More About This Property
| State | IA |
|---|---|
| County | Johnson |
| City | Iowa City |
| Zip Code | 52246 |
| Area | Iowa City |
| Listing VS Median (in 52246) | |
Price: $504,000 low | high Med: $577,000 sqft: 2,190 low | high Med: 2,535 $ / sqft: $230 low | high Med: $228 On site: 56 low | high Med: 52.5 | |