121 S Governor St, Iowa City, IA, 52240
2beds
1baths
864sqft
$244,900
$283price/sqft
$1,852/moest. monthly cost
$74,080/yrincome needed
About This Home
Investor alert. Well maintained two bedroom home in the heart of downtown Iowa City with a strong rental history. Currently leased through July 2027, with the potential for owner occupancy once the lease term expires. Rent is currently $1,400 and will increase to $1,650 starting 8/1/2026. The unfinished basement offers opportunity for future finished living space.
Getting Around
77
Very Walkable45
Some Transit74
Very BikeableSchools
5/10
5/10
7/10
Construction
Condition
- Year built: 1952
Materials
- Construction materials: Vinyl,Frame
Type & Style
- Home type: SingleFamily
- Property subType: Income Investment,Residential
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Range Or Oven,Refrigerator,Washer
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Primary On Main Level
- Fireplace features: None
- Finished area below ground: 0
- Finished area above ground: 864
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 864
- Total interior livable area: 864 sqft
Property
Details
- Parcel number: 1010479011
- Zoning: res
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck,Front Porch
Lot
- Lot size: 3,484 sqft
- Features: Less Than Half Acre,Level
- Lot size dimensions: 50 x 72
Parking
- Total spaces: 2
- Parking features: Off Street