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2407 Petsel Place, Iowa City, IA 52246

$504,000
: 4
BD
: 2
BA
: 2,190
SqFt

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List Price: $504,000
Status: ACTIVE
MLS#: 743899
Year Built: 1900
Bedrooms: 4
Bathrooms: 2
Living Area: 2,190
Lot Size: 8,833
Region: Iowa City

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Property Description

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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Additional Information

Street Name: Petsel Place
Agent Id: 6564
Water: Public
Sewer: Public Sewer
Basement: Partially Finished
Garage: Yes
Roof: Asphalt, Shingle
Zip: 52246
Region: Iowa City
Style: Duplex
City: Iowa City
Acres: 0.20
School District: Iowa City
Zoning: R