Property Description

What an opportunity across from Kinnick Stadium! This property has one single family home of 1,769 sq ft w/4BR-3BA w/ attached garage+full basement. TEN add’l separate apartments. Three tenants have lived there for 10 yrs, 30 yrs & 50 yrs respectively! Average of three year tenancy for the other seven units. GREAT ADDITIONAL INCOME POTENTIAL with game day car parking and/or RV parking w/estimated income of over $22K! Apartments offer impressive opportunity to function as traveling nurse units or Air BnB. All units are rented for Fall 2025 with a rental income of $152,100. Laundry room connects the house to apartments. This property has been in the same family’s portfolio since the 60’s and is self managed. It is well cared for by the owners with updates in the home and most apartments in recent years.  A real gem with outstanding opportunities!

Features
: Public Sewer
Address Map
IA
Johnson
Iowa City
52246
Olive
80
Court
W92° 26' 48.9''
N41° 39' 17.8''
From Melrose Ave near Kinnick take Olive Ct to the left. Property is on left
Iowa City/Coralville
Neighborhood
Horn
West
Northwest
MLS Addon
LEPIC-KROEGER, REALTORS
Ryan Bandy
$0
$0
$0
$0
$0
Additional Information
: Frame
: Block
200X70
11
2025-01-16
https://www.propertypanorama.com/instaview/cdr/2500579
: Public
Financial
19596.0
Listing Information
BANDYRYAN121
CLKCR
Cash, Conventional
Active
2025-01-24T20:00:40Z
CDR
2025-01-24T12:18:27Z

80 Olive Court, Iowa City, Iowa 52246 - Residential For Sale

80 Olive Court, Iowa City, Iowa 52246

7,300
$2,250,000
Listing ID #2500579
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2500579
Price : $2,250,000
Square Footage : 7,300
Year Built : 1960
Status : Active
F 137 : Full
Property Sub Type : Multi Family
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent