Pat Beck

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121 S Governor StIowa City, IA 52240

Multi-Family · 2 Beds · 1 Full Bath · 864 Sq. ft. | 0.08 Acres
$244,900 Active

121 S Governor St Overview

Time on Site:
144 days
Visits:
26

Investor alert. Well maintained two bedroom home in the heart of downtown Iowa City with a strong rental history. Currently leased through July 2027, with the potential for owner occupancy once the lease term expires. Rent is currently $1,400 and will increase to $1,650 starting 8/1/2026. The unfinished basement offers opportunity for future finished living space.

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121 S Governor St Facts & Features

  • Type Multi-Family
  • Sq. ft. 864
  • Price/Sq.ft. $283
  • Lot 0.08 Acres

Details

General

Association/HOA

  • Association Fee: 0
  • Association Fee Includes: None

School Information

  • Elementary School: Longfellow
  • Middle Or Junior School: Southeast
  • High School: City

Building Information

  • New Construction: No
  • Year Built: 1952

Location/Region

  • County Or Parish: Johnson
  • MLS Area Major: Iowa City
  • Subdivision Name: Iowa City Original Town

Community/Development

  • Community Features: Park,Sidewalks,Street Lights,Close to School,On Bus Line

Tax Information

  • Tax Year: 2024

General Information

  • Property Sub Type: Income/Investment
  • Property Type: SINGLE FAMILY/ACREAGE
  • Zoning: res

Interior

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 2

Building Interior

  • Above Grade Finished Area: 864

General Information

  • Appliances: Dishwasher,Microwave,Range/Oven,Refrigerator,Dryer,Washer
  • Basement: Full,Unfinished
  • Fireplace Features: None
  • Fireplaces Total: 0
  • Interior Features: Cable Available
  • Living Area: 864
  • Rooms: Primary On Main Level

Exterior

Parking Information

  • Parking Total: 2 Cars

Lot Information

  • Lot Features: Less than .5 Acre,Level
  • Lot Size Dimensions: 50x72

Building Exterior/Construction

  • Architectural Style: 1 Story,Ranch

General Information

  • Exterior Features: Deck,Porch

121 S Governor St Neighborhood

Community

52240 (Iowa City) Demographics

28
Median Age
224
Population Density (per sq. mile)
56%
College Educated
$45,785
Estimated Median Income
7,800
Estimated Total Home Owners
7,498
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

121 S Governor St Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

121 S Governor St Market Data

Based on the last 30 days in this zip code

$504,701
Average List Price
$238
Average Price per Square Foot
53
Properties Sold
77
Average Days on Market
201
Properties for Sale
Calculations provided by Reliance Network

121 S Governor St History

Date Event Value Agent
6/26/2026Source: Cedar Rapids Area MLS Added to Database
June 26, 2026
6/26/2026Source: Iowa City MLS Added to Database
June 26, 2026
5/8/2026Source: Cedar Rapids Area MLS Price Reduction
$244,900 -2.0%
5/8/2026Source: Iowa City MLS Price Reduction
$244,900 -2.0%
2/11/2026Source: Iowa City MLS Status Change
Active
2/5/2026Source: Cedar Rapids Area MLS Added to Database
February 05, 2026
2/5/2026Source: Iowa City MLS Added to Database
February 05, 2026
Listing provided courtesy of Skogman Realty Co.- MLS# 202601004MLS Provider