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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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