Contact us: 563.441.1776
Description
Close to campus & downtown two story up/down duplex with separate entrances. One bedroom, full bath and laundry in both units. Central gas furnace & A/C units w/gas & electric costs and City trash/water/sewer utility costs shared by tenants. Could easily be restored to a single family home. Upper unit lease expires 10/31/26, Lower unit, 7/31/27. Current rent $600/mo each. Large off-street concrete parking in back of property. 12x18 detached garage. Radon mitigation system. New furnace ~2012. Buyers to agree to 1031 tax-exempt sale terms & can bundle with 20 S Lucas St. Tenants' Rights: minimum of 48 hours notice to show. Possession negotiable. Great opportunity!
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 2
Bathrooms: 2
County: Johnson
High School: City
Subdivision: Iowa City (Original Town)
Listed By:
RE/MAX Concepts
CLAY CLAUSSEN
319-395-0101
ICAAR MLS
MLS ID: 202605182
Units
Unit 1:
Bedrooms: 1
Baths Full: 1
Rent: $600.00
Unit 2:
Bedrooms: 1
Baths Full: 1
Rent: $600.00
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323 N Lucas St, Iowa City, IA 52245.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $240,000 | $240,000 | $240,000 |
| Down Payment | $48,000 | $8,400 | $60,000 |
| Monthly Mortgage Amount | $1,198 | $1,470 | $1,495 |
| Taxes | $334 | $334 | $334 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $106 | $0 |
| Monthly Estimated Total | $1,632 | $2,010 | $1,929 |
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 08/27/2026. The listing information on this page last changed on 08/27/2026. 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 Thu 08/27/2026 12:27:24 AM EST) or MRED MLS (last updated Thu 08/27/2026 12:19:05 AM EST) or SCWMLS (last updated Wed 08/26/2026 11:55:45 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 08/26/2026 10:15:51 PM EST) or Cedar Rapids MLS (last updated Wed 08/26/2026 10:44:17 PM EST) or NEIRBR MLS (last updated Thu 08/27/2026 12:18:44 AM EST) or ICAAR MLS (last updated Wed 08/26/2026 11:37:42 PM EST) or ECIMLS (last updated Wed 08/26/2026 11:44:36 PM EST) or RMLSA (last updated Thu 08/27/2026 12:20:59 AM EST) or Muscatine MLS (last updated Thu 08/27/2026 12:15:11 AM EST) or No Coast MLS (last updated Thu 08/27/2026 12:24:25 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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