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2407 Petsel Place

Iowa City, IA 52246
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$504,000 $2,124/Mo
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Bed 4

Bed

Bath 2

Bath

SqFt2,190

Sqft

Acres0.20

Acre(Lot)

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, col lect rent upstairs — or add it to your portfolio as a standalone acquisition or part of a larger Iowa City package that is currently available.

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Detail Ic Property Details

Property Type : Residential

Price : $504,000

AD Id : 86473098

MLS Id : 743899

Beds : 4

Lot Size : 0.20 Acre

Living Area Size : 2,190

Year Built : 1900

Garage : 2

County : Johnson

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Has Basement: Yes Basement: Partially Finished

  • Flooring Information

    Hardwood, Laminate, Tile, Vinyl

  • Roofing Information

    Asphalt, Shingle

  • Interior Features

    Eat-in Kitchen Roof: Asphalt, Shingle Appliances: Cooktop, Dishwasher, Microwave, Refrigerator Laundry Features: Main Level, Upper Level

  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1900 Building Area Total: 2190 Construction Materials: Vinyl Siding Patio And Porch Features: Deck, Patio Private Pool: No

  • Lot Information

    Main Square Feet: 0.203 Acres Lot Size Acres: 0.203 Lot Size Square Feet: 8833

  • Listing Price Information

    Listing Price: $504000 Cash, Conventional, FHA

  • Tax Information

    Parcel Number: 1017233007 Annual Tax: $5530.31 Tax Legal Desc: Hawkeye Heights W 1/2 Lot 9 Exc E 1’

  • Parking Information

    Attached, Garage

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

  • Location Information

    Direction: From Mormon Trek Blvd, go west on Petsel Pl. House is on the south side of street. WaterSource: Public Security Features: Smoke Detector(s)
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange of the Des Moines Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Des Moines Area Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 07/01/2026 @ 21:11

MLS: 743899 LISTED BY: Brenda Phongsavanh, Realty ONE Group Impact 515-446-7524 SOURCE: Des Moines Area Association of REALTORS

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