4 Beds
2 Baths
2,190 sqft
$504,000
2407 Petsel Place, Iowa City IA, 52246
Price per sqft$230.14
Built in1900
Property size2,190 sqft
Property typeMulti-family
Overview
Active
Listed Jun 25, 2026
Updated Jul 3
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.
$3,353/mo
Est. mortgage payment based on a $504,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 743899
Interior Features
- Bedrooms
- 4
- Bathrooms
- 2
- Fireplace
- Yes
- Cooling
- Yes
- Heating
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.2 Acres
Other Property Details
- Taxes
- $5,530
- Tax Frequency
- Annually
- Garage
- Yes
- 55+/Senior Community
- No
Courtesy of Realty ONE Group Impact, Brenda Phongsavanh,
Listing Contact: (515) 446-7524
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Slavin & Partners shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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