2407 Petsel Pl, Iowa City, IA, 52246
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Roof: Asphalt,Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex,Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Refrigerator,Stove
- Laundry features: Main Level,Upper Level
Basement
- Has basement: Yes
- Basement: Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Features
- Eat-in Kitchen
- Flooring: Hardwood,Laminate,Tile,Vinyl
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 800
Heating & Cooling
- Heating features: Forced Air,Gas,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 2,190
- Total interior livable area: 2,190 sqft
Property
Details
- Parcel number: 1017233007
- Attached to another structure: Yes
- Zoning: R
Features
- Patio & porch: Deck,Open,Patio
- Exterior features: Deck,Patio
- Fencing: Chain Link,Wood
Lot
- Lot size: 8,842 sqft
Parking
- Total spaces: 2
- Parking features: Attached,Garage,Two Car Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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 | $2,548 | $30,576 |
| Home Insurance * | $188 | $2,256 |
| Property Taxes | $726 | $8,712 |
| Electricity | $163 | $1,960 |
| Total | $3,625 | $43,500 |
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 |
|---|---|---|
| 2026-06-25 | Listed for sale | $504,000 |
| 2025-03-02 | Listing removed | $1,350 |
| 2025-01-14 | Listed for rent | $1,350 |
| 2024-12-18 | Listing removed | $1,350 |
| 2024-12-14 | Listed for rent | $1,350 |
| 2024-11-23 | Listing removed | $1,350 |
| 2024-10-21 | Listed for rent | $1,350 |
| 2024-10-07 | Listing removed | $1,500 |
| 2024-09-25 | Price change | $1,500 |
| 2024-09-23 | Price change | $1,650 |
| 2024-09-22 | Price change | $1,850 |
| 2024-09-19 | Listed for rent | $1,950 |
| 2024-08-28 | Listing removed | $1,250 |
| 2024-08-08 | Listed for rent | $1,250 |
| 2023-07-06 | Listing removed | -- |
| 2023-06-06 | Listed for rent | $2,300 |
| 2022-04-29 | Listing removed | -- |
| 2022-04-09 | Listed for rent | $2,300 |
| 2021-06-25 | Listing removed | -- |
| 2021-03-10 | Price change | $2,050 |
| 2020-10-26 | Price change | $2,150 |
| 2020-07-06 | Price change | $1,930 |
| 2020-06-01 | Listed for rent | $1,975 |
| 2020-03-01 | Listing removed | $1,950 |
| 2020-02-06 | Listed for rent | $1,950 |
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