619 E Burlington Street
Iowa City, IA 52240

$725,000

  • 2,471
    Square Feet

Front/back duplex investment opportunity just east of downtown Iowa City, within walking distance of the University of Iowa campus. Built in 1915, the property (2,975 SF) includes one 5BR/2BA unit and one 5BR/3BA unit on a 0.138-acre lot. Proforma NOI of $58,623 on a 6.90% cap rate. Strong, consistent rental demand in one of Iowa's strongest markets. Walkable to campus, Kinnick Stadium, Carver-Hawkeye Arena, City Park, and downtown amenities.

Property Highlights

  • Cooling

    Central Air

  • Heating

    Electric, Gas

  • Taxes

    $8,603 Taxes

  • Water

    Public

  • Year Built

    Built in 1900

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