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5 Woolf Ave Iowa City, IA 52240 • Multi Unit - Multiple • Active

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Description

Two well-maintained brick buildings on 0.40 acres of land located directly across from the VA Hospital and just a short walk to the UI Dental College and UIHC. This prime campus-area location offers dependable rental demand and exceptional long-term redevelopment potential. Building 1 has 9 studio units with approx 500 SF. Building 2 has 8 charming 2 BR / 1 BA apartments, each approx 800 SF. Both buildings have laundry rooms on site. Plenty of off-street parking including garages. Ideal as a stable income property with the added benefit of future high-end condo redevelopment in an irreplaceable Iowa City location close to hospitals, academics, transit & campus services. Please allow 48 hours' notice for tenants.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 4
County: Johnson
High School: City
Subdivision: Ackermans
Listed By:
Lepic-Kroeger, REALTORS 319-351-8811 Jeff Edberg
ICAAR MLS

Units

Unit 1:
Bedrooms: 2
Baths Full: 1
Rent: $1100.00
Unit 2:
Bedrooms: 2
Baths Full: 1
Rent: $1100.00
Unit 3:
Bedrooms: 1
Baths Full: 1
Rent: $750.00
Unit 4:
Bedrooms: 1
Baths Full: 1
Rent: $750.00
$1,875,000
Est. $12,270/mo
6beds
4baths
Active
BEDS6 BATHS4 full MLS#202507216
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONAckermans
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Shown By

Agent Name: Kurt Johnson
 Agent Phone: (563) 343-0675
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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5 Woolf Ave, Unit & 15, Iowa City, IA 52240.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,875,000$1,875,000$1,875,000
Down Payment $65,625$0$375,000
Monthly Mortgage Amount $11,186$11,638$9,114
Taxes $2609$2609$2609
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $1,125$0$0
Monthly Estimated Total $15,467$14,794$12,270

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 04/06/2026. The listing information on this page last changed on 04/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/06/2026 8:47:49 AM EST) or MRED MLS (last updated Mon 04/06/2026 8:40:56 AM EST) or SCWMLS (last updated Mon 04/06/2026 8:42:53 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 04/05/2026 10:15:20 PM EST) or Cedar Rapids MLS (last updated Mon 04/06/2026 8:44:11 AM EST) or NEIRBR MLS (last updated Mon 04/06/2026 8:38:42 AM EST) or ICAAR MLS (last updated Mon 04/06/2026 8:32:18 AM EST) or ECIMLS (last updated Mon 04/06/2026 8:32:52 AM EST) or RMLSA (last updated Mon 04/06/2026 8:40:55 AM EST) or Muscatine MLS (last updated Mon 04/06/2026 8:38:33 AM EST) or No Coast MLS (last updated Mon 04/06/2026 8:44:18 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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