Properties

PROPERTY DETAILS
Property Description :

What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add’l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated income of over $22K! Apartments offer impressive opportunity to function as traveling nurse units or Air BnB. All units are rented for Fall 2025 with a rental income of $152,100. Laundry room connects the house to apartments. This property has been in the same family’s portfolio since the 60’s and is self managed. It is well cared for by the owners with updates in the home and most apartments in recent years.  A real gem with outstanding opportunities!

Property Type : Residential
Listing ID : 2500579
Listing Type : For Sale
Price : $2,250,000
Year Built : 1960
Building Area Total : 7300
Lease Amount Unit : Dollars Per Square Foot
Property Type : Multi Family
Area : Iowa City/Coralville
Listing Status : Active
Property Sub Type : Multi Family
Property Subtype : Multi Family
Property Description

What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add’l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated income of over $22K! Apartments offer impressive opportunity to function as traveling nurse units or Air BnB. All units are rented for Fall 2025 with a rental income of $152,100. Laundry room connects the house to apartments. This property has been in the same family’s portfolio since the 60’s and is self managed. It is well cared for by the owners with updates in the home and most apartments in recent years.  A real gem with outstanding opportunities!

Features
: Public Sewer
Address Map
US
IA
Johnson
Iowa City
52246
Olive
80
Court
From Melrose Ave near Kinnick take Olive Ct to the left. Property is on left
Iowa City/Coralville
Neighborhood
Horn
West
Northwest
More Information
LEPIC-KROEGER, REALTORS
Ryan Bandy
$0
$0
$0
Additional Information
: Frame
: Block
200X70
11
2025-01-16
https://www.propertypanorama.com/instaview/cdr/2500579
: Public
Financial
19596.0
Listing Information
BANDYRYAN121
CLKCR
Cash, Conventional
Active
2025-01-24T20:00:40Z
CDR
2025-01-24T12:18:27Z

80 Olive Court, Iowa City, Iowa 52246

80 Olive Court, Iowa City, Iowa 52246

List Price: $2,250,000.00
Listing ID#2500579
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

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