Contacts
WSG CRE
WSG CRE
WSG CRE
WSG CRE
Property Details
- Property Type Multi-Family
- Property Size 1,792 SF
- Units 2
- Lot Size 0.07 Acre
- Cap Rate % 6.2
- Rental Income / YR $21,695.00
- # of Floors 2
- Date Updated Nov 6, 2026
15 S Johnson Street is a multifamily investment opportunity located in Iowa City, Iowa. Constructed in 1900, the property features two residential units within a single building and offers a total of four bedrooms and two bathrooms across 1,792 square feet. Situated on a 0.074-acre lot near downtown Iowa City and the University of Iowa campus, the property is well-positioned to benefit from strong and consistent rental demand.
Located in one of Iowa’s most established rental markets, the property provides convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers. With a proforma NOI of $21,695 and a 6.20% cap rate, the offering presents stable cash flow and long-term investment potential in a highly desirable Iowa City location.
Reach out to the broker for more info on lease terms and amenities
Getting around
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93/100
Walk Score ®
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48/100
Transit Score ®
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78/100
Bike Score ®
Location
- City Iowa City, IA
- Neighborhood College Green
- Zip Code 52240
Points of Interest
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Limelight Chauffeurs
3.58 miles
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ChargePoint
0.10 miles
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L&M Mighty Shop
0.16 miles
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Kum & Go
0.25 miles
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Casey's General Store
0.36 miles
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Mobile 1 Lube Express
0.86 miles
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Kum and Go
1.01 miles
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Iowa City Supercharger
1.11 miles
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Hy-Vee Gas
1.12 miles
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Chauncey T. Swan Ramp - Lot 82
0.11 miles
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Lot 22
0.17 miles
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Tower Place Ramp - Lot 92
0.18 miles
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Plaza Ramp
0.19 miles
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Dodge Street Ramp
0.25 miles
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Dubuque Street Ramp - Lot 72
0.30 miles
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Court Street Ramp - Lot 12
0.39 miles
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Lot 21
0.42 miles
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Capitol Street Ramp - Lot 62
0.44 miles
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Lot 9
0.47 miles
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Hotel Chauncey Iowa City, Tapestry Collection by Hilton
0.15 miles
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Hilton hotelVetro Iowa City
0.27 miles
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Graduate by Hilton Iowa City
0.31 miles
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Hyatt Place Iowa City/Downtown
0.38 miles
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Marriott Element Iowa City
0.41 miles
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Hilton Garden Inn Iowa City Downtown University
0.43 miles
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Iowa House Hotel
0.58 miles
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Hampton Inn Iowa City/University Area
0.99 miles
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Alexis Park Inn
1.27 miles
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Courtyard Iowa City University Heights
1.30 miles
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New Pioneer Food Co-op
0.05 miles
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John's Grocery
0.24 miles
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Bread Garden Market
0.28 miles
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Target
0.34 miles
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University Capitol Center
0.42 miles
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Bowery Street Grocery Store
0.43 miles
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Asia Plus
0.44 miles
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Natural Grocers
1.12 miles
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Hy-Vee
1.21 miles
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Panaderia Acapulco 2
1.34 miles