2407 Petsel Place, Iowa City, IA 52246
Johnson County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Duplex
Structure Type
Duplex
Year Built
1900
Living Area
2,190 sq ft
Lot Size
0.20 acres
Garage Spaces
2
Zoning
R
Days on Market
8
MLS® Listing#
743899
Property Features
- Interior:
- Eat-in Kitchen
- Appliances:
- Cooktop, Dishwasher, Microwave, Refrigerator
- Cooling:
- Central Air
- Heating:
- Natural Gas, Forced Air
- Flooring:
- Hardwood, Laminate, Tile, Vinyl
- Basement:
- Partially Finished
- Parking:
- Attached, Garage
- Laundry:
- Main Level, Upper Level
- Patio:
- Deck, Patio
- Fencing:
- Chain Link, Wood
- Construction:
- Vinyl Siding
- Roof:
- Asphalt, Shingle
- Security:
- Smoke Detector(s)
- Community:
- Sidewalks
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- HOA:
- None
- Annual Tax:
- $5,530
- Parcel #:
- 1017233007
Directions
From Mormon Trek Blvd, go west on Petsel Pl. House is on the south side of street.
Affordability Calculator
$100,800
Estimated monthly payment
$2,682/mo
Principal $403,200 · Est. interest $562,500 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Iowa City, IA
- $279,355
- Median Listing Price
- 65
- Median Days on Market
- 1,681
- Median Sq Ft
- $152
- Median Price / Sq Ft
- 806
- Active Listings
- This home’s price is 80% above the area median.
- Its price per sq ft is 51% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Iowa City, IA.
Location
- 2407 Petsel Place, Iowa City, IA 52246
Nearby Schools
West High School
Secondary · 0.3 mi away
Horn Elementary School
Elementary · 0.7 mi away
Melrose Day Care Center
Elementary · 1.3 mi away
Weber Elementary School
Elementary · 1.4 mi away
Lincoln Elementary School
Elementary · 1.4 mi away
Coralville Central Elementary
Elementary · 1.5 mi away
Norman Borlaug Elementary School
Elementary · 1.7 mi away
University of Iowa Department of Cinematic Arts
School · 1.9 mi away
Northwest Junior High School
Secondary · 2.0 mi away
Prince of Peace Christian Preschool
School · 2.0 mi away
Kirkwood Elementary School
Elementary · 2.2 mi away
Hillside Christian School
Secondary · 2.5 mi away
Montessori School
Elementary · 2.6 mi away
Mann Elementary School
Elementary · 2.6 mi away
Longfellow Elementary School
Elementary · 2.9 mi away
Bohumil Shimek Elementary School
Elementary · 3.0 mi away
Mark Twain Elementary School
Elementary · 3.1 mi away
Purple Bloom School
School · 3.4 mi away
Ui Health Care
School · 3.5 mi away
Wickham Elementary
Elementary · 3.6 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Iowa City
Listing Courtesy: Realty ONE Group Impact - 5154467524