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Pending
  • Price cut: $10.9K (5/24)
    $319,000

    408 S Governor St, Iowa City, IA 52240

    5beds
    2,088sqft
    : 
    Single Family Residence, Residential
    Built in 1922
    7,405.2 Square Feet Lot
    $305,000 Zestimate®
    $153/sqft
    $-- HOA

    What's special

    Investment opportunity in this 5 bdrm/2 bath home just steps from downtown Iowa City! Discover an exceptional rental house (or can be SF) in vibrant Iowa City, offering a blend of comfortable living and prime location, ideal for owner-occupants looking to offset their mortgage with rental income or savvy investors seeking a consistent return. Key features: ample space for tenants with generous bedrooms, enjoy the convenience and extra storage of a detached garage, plus an unbeatable location with quick access to shops, restaurants, entertainment, and the U of IA campus. Outdoor charm to relax and entertain on the inviting front porch or in the private backyard, complete with ready-to-use garden planters. This turnkey investment has an active rental permit and a proven history of renters, ensures immediate income potential. With new HVAC, recent updates to the kitchen, new appliances, and fresh paint throughout, it's move in ready. Imagine owning your home while roommates help you pay down your mortgage - a chance to transition from renter to homeowner, building equity and securing your financial future.
    83 days
    on Zillow
    |
    39
    |
    0
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 14, 2025 at 05:40pm

    Listed by:

    Julie Dancer 319-310-5522,

    Lepic-Kroeger, REALTORS

    Source: Iowa City Area AOR,MLS#: 202503446MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Range Or Oven, Refrigerator, Dryer, Washer
    • Laundry: In Basement
    Features
    • Other, Breakfast Area
    • Flooring: Wood
    • Basement: Block,Finished,Unfinished
    • Number of fireplaces: 1
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 2,088
    • Total interior livable area: 2,088 sqft
    • Finished area above ground: 1,392
    • Finished area below ground: 696

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached Carport
    • Has carport: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Front Porch
    • Fencing: Fenced
    Lot
    • Size: 7,405.2 Square Feet
    • Dimensions: 40 x 189
    • Features: Less Than Half Acre
    Details
    • Parcel number: 1015101006
    • Zoning: Residential
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence, Residential
    Materials
    • Frame
    Condition
    • Year built: 1922

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights, Close To School, Near Public Transport
    • Security: Smoke Detector(s)
    • Subdivision: Berryhills 2nd Addition
    HOA
    • Services included: None
    Location
    • Region: Iowa City

    Financial & listing details

    • Price per square foot: $153/sqft
    • Tax assessed value: $264,690
    • Annual tax amount: $4,979
    • Date on market: 5/24/2025
    • Listing terms: Cash,Conventional
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