2432 Petsel Pl, Iowa City, IA, 52246
About This Home
10-plex on the west side of Iowa City with a strong rental history and consistently low vacancy. Functional unit layouts, ample off-street parking, and a desirable location near shopping, transit, and UIHC make this an attractive, easy-to-rent asset. Current ownership has maintained steady occupancy, offering reliable in-place income with upside potential. Opportunity exists to increase NOI through implementation of a RUBS utility reimbursement program and/or leasing on-site storage lockers for additional monthly income. Solid cash-flowing investment with value-add components in a stable rental corridor. Ideal for investors seeking scale, stability, and room to grow returns over time.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1980
Materials
- Construction materials: Vinyl,Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Residential
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Range Or Oven,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Daylight,Partial,Concrete
Bedrooms & Bathrooms
- Bathrooms: 1
Features
- Flooring: Carpet,Vinyl
- Finished area below ground: 0
- Finished area above ground: 7,488
Heating & Cooling
- Heating features: Baseboard
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 7,488
- Total interior livable area: 7,488 sqft
Property
Details
- Parcel number: 1017233003
- Zoning: Multifamily
- Special condition: Standard
Lot
- Lot size: 0.79 Acres
- Lot size dimensions: Irr -0.79 Acres
Parking
- Total spaces: 4
- Parking features: Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Strong Wind
- Winter Weather
- Hail
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,803 | $57,636 |
| Home Insurance * | $355 | $4,260 |
| Property Taxes | $1,108 | $13,296 |
| Electricity | $558 | $6,702 |
| Total | $6,824 | $81,888 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-28 | Listed for sale | $950,000 |
| 2026-04-16 | Listing removed | $995,000 |
| 2026-03-03 | Listed for sale | $995,000 |
| 2024-02-26 | Listing removed | -- |
| 2023-04-25 | Listing removed | $1,100,000 |
| 2023-02-24 | Listed for sale | $1,100,000 |
| 2019-11-01 | Sold | $710,000 |
| 2019-07-26 | Listed for sale | $735,000 |
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