Pat Beck

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2407 Petsel PlaceIowa City, IA 52246

Multi-Family · 4 Beds · 2 Full Baths · 2,190 Sq. ft. | 0.20 Acres
$504,000 Active

2407 Petsel Place Overview

Time on Site:
4 days
Visits:
5

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.

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2407 Petsel Place Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,190
  • Price/Sq.ft. $230
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Iowa City

Building Information

  • New Construction: false
  • Year Built: 1900

Location/Region

  • County Or Parish: Johnson
  • MLS Area Major: Iowa City
  • Postal City: Iowa City

Community/Development

  • Community Features: Sidewalks

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 5530.31

General Information

  • Listing Terms: Cash,Conventional,FHA
  • Parcel Number: 1017233007
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Senior Community: false
  • Zoning: R

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 4

Building Interior

  • Below Grade Finished Area: 800.0
  • Building Area Total: 2190.0

General Information

  • Appliances: Dishwasher,Microwave,Refrigerator,Stove
  • Basement: Partially Finished
  • Fireplace: true
  • Fireplaces Total: 1
  • Flooring: Hardwood,Laminate,Tile,Vinyl
  • Interior Features: Eat-in Kitchen
  • Laundry Features: Main Level,Upper Level
  • Living Area: 2190.0
  • Main Level Bedrooms: 2
  • Security Features: Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Attached,Garage,Two Car Garage

Lot Information

  • Lot Size Acres: 0.203
  • Lot Size Area: 0.203
  • Lot Size Square Feet: 8833.0
  • Lot Size Units: Acres
  • Road Surface Type: Concrete
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Duplex
  • Attached Garage: true
  • Construction Materials: Vinyl Siding
  • Patio And Porch Features: Deck,Open,Patio
  • Roof: Asphalt,Shingle
  • Structure Type: Duplex

General Information

  • Exterior Features: Deck,Patio
  • Fencing: Chain Link,Wood
  • Sewer: Public Sewer

2407 Petsel Place Neighborhood

Community

52246 (Iowa City) Demographics

28
Median Age
2,519
Population Density (per sq. mile)
72%
College Educated
$47,888
Estimated Median Income
4,190
Estimated Total Home Owners
6,156
Estimated Total Renters
40% / 60%
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.

2407 Petsel Place 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.

2407 Petsel Place Market Data

Based on the last 30 days in this zip code

$386,851
Average List Price
$200
Average Price per Square Foot
67
Properties Sold
111
Average Days on Market
188
Properties for Sale
Calculations provided by Reliance Network

2407 Petsel Place History

Date Event Value Agent
6/25/2026Source: Des Moines Area Added to Database
June 25, 2026
Listing provided courtesy of Realty ONE Group Impact- MLS# 743899MLS Provider