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1406 Franklin St, Iowa City, IA, 52240

2beds
2baths
1,120sqft
$227,500
$203price/sqft
$1,700/moest. monthly cost
$68,000/yrincome needed

About This Home

Welcome to 1406 Franklin St! This beautifully updated home blends classic charm with modern updates in one of Iowa City's more established neighborhoods. Step inside to discover brand new carpet, fresh paint throughout, and two fully remodeled bathrooms (2025), creating a clean, move-in-ready space you'll love from day one. Outside, the mature shade tree adds timeless curb appeal and creates a relaxing setting to enjoy the front yard. Whether you're looking for your first home, more space, or a convenient location close to everything Iowa City has to offer, this property checks all the boxes. Located just minutes from Downtown Iowa City, the University of Iowa, and UI Health Care, you'll enjoy quick access to restaurants, shopping, coffee shops, parks, and entertainment. Outdoor enthusiasts will appreciate nearby City Park, the Iowa River Trail, and several neighborhood parks, while commuters will love the easy access to Highway 6. Don't miss your opportunity to own this thoughtfully updated home in a convenient Iowa City location. Schedule your private showing today and see everything 1406 Franklin St has to offer!

Getting Around

56
WalkingSomewhat Walkable
29
TransitSome Transit
76
BikeVery Bikeable

Schools

3/10
4/10
6/10
Iowa City High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Slab
  • Construction materials: Composit,Vinyl,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range Or Oven,Refrigerator,Washer
  • Laundry features: Main Level

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Other,Primary On Main Level,Breakfast Area
  • Flooring: Carpet,LVP,Laminate
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 1,120

Heating & Cooling

  • Heating features: Baseboard,Electric,Forced Air,Natural Gas
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 1,120
  • Total interior livable area: 1,120 sqft

Property

Details

  • Parcel number: 1014381003
  • Zoning: Residential
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio
  • Fencing: Fenced

Lot

  • Lot size: 7,405 sqft
  • Features: Less Than Half Acre
  • Lot size dimensions: 60 x 126

Parking

  • Total spaces: 1
  • Parking features: Garage - Attached
  • Has garage: Yes

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

  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Winter Weather
Heat Wave
Inland Flooding
Ice Storm
Lightning

FEMA Declared Disasters Across Iowa Counties

Tornado

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

MonthlyAnnual
Mortgage $1,150$13,800
Home Insurance *$119$1,428
Property Taxes $310$3,720
Electricity $121$1,452
Total$1,700$20,400
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,285/yr
40% on housing$51,000/yr
45% on housing$45,333/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

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.

Insurance Growth Rate5-year average: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -1.0%
-1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$203This listing

vs Other Active Listings

Avg $/sqft

ZIP 52240$164
Johnson County$186

vs Homes Sold Last Month

Median $/sqft

ZIP 52240$170
Johnson County$179

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

DateEventPrice
2026-07-31Listed for sale$227,500
2013-08-10Listing removed$134,900
2013-07-07Listed for sale$134,900
2013-03-01Sold$125,000
2013-02-28Pending sale$132,000
2013-01-30Listed for sale$132,000
2012-09-02Listing removed$129,900
2012-08-03Price change$129,900
2012-06-19Price change$131,500
2012-04-28Listed for sale$134,900

For Sale by Agent

AgentMatt Jorgenson
BrokerageKeller Williams Legacy Group

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