217 S JOHNSON ST, IOWA CITY, IA 52240 For Sale

217 S Johnson Street is an investment opportunity located in Iowa City, Iowa. Constructed in 1900, the property features a 7-bedroom, 5-bath residence totaling 2,812 square feet and is situated on a 0.055-acre lot. Located near the University of Iowa campus and downtown Iowa City, the property is well-positioned to benefit from the area's strong and consistent housing demand.

Situated in one of Iowa’s most established rental markets, the property offers convenient access to the University of Iowa, University of Iowa Health Care, downtown amenities, and major employment centers. With a proforma NOI of $43,243 and a 5.96% cap rate, the offering provides stable cash flow and long-term investment potential in a highly desirable Iowa City location.