Property Description

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.

Features
: Forced Air, Gas
: Wall/Window Unit(s)
: Ranch
: Main Level Primary, Kitchen/Dining Combo
: Public Sewer
Appliances
: Dishwasher, Microwave, Refrigerator, Dryer, Range, Washer
Address Map
IA
Johnson
Iowa City
52240
Governor
121
Street
W92° 28' 37.3''
N41° 39' 35''
North on Governor St. House is on the left between Washington St and College St.
Iowa City/Coralville
S
Neighborhood
Longfellow
City
Southeast
MLS Addon
SKOGMAN REALTY
Gwen Johnson
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Additional Information
: Frame, Vinyl Siding
2.0
50x72
2026-02-05
1
https://www.propertypanorama.com/instaview/cdr/2600866
: Public
Financial
2956.0
Listing Information
johnsongwen121
CSKN07
Cash, Conventional
Active
2026-02-05T19:00:29Z
CDR
2026-02-05T11:08:39Z

121 S Governor Street, Iowa City, Iowa 52240 - Residential For Sale

121 S Governor Street, Iowa City, Iowa 52240

2 Bedrooms
1 Full Bathrooms
864 Sqft
$249,900
Listing ID #2600866
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2600866
Price : $249,900
Bedrooms : 2
Full Bathrooms : 1
Square Footage : 864 Sqft
Year Built : 1952
Lot Area : 0.08 Acre
Status : Active
F 137 : Full
F 146 : Deck
F 150 : Garage, Off Street
Full Bathrooms : 1
Property Sub Type : Single Family Residence
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent