Contact us: 563.441.1776
Description
Excellent investment opportunity at 507 Kimball Rd in Iowa City! This fully occupied duplex offers immediate rental income with both units leased through July 2027. The upper unit rents for $875/month, with the tenant responsible for all utilities. The lower unit rents for $1,300/month, with the tenant responsible for all utilities except water and trash. Combined gross rental income is $2,175 per month, or $26,100 annually. With long-term leases already in place, this property provides an attractive opportunity for an investor looking to add a stabilized, income-producing property to their portfolio. Landlord responsibilities include water and trash for the lower unit, along with lawn care and snow removal for the property. Convenient Iowa City location with established rental income from day one. A great option for investors seeking a fully leased duplex with predictable cash flow. Advance notice for tenants required. Buyer to verify sq footage and schools. Buyer must be willing to participate in 1031 exchange.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 3
Bathrooms: 2
County: Johnson
High School: City
Subdivision: Unknown
Listed By:
Affinity Real Estate Services
Bryant Nicholson
319-393-0814
ICAAR MLS
MLS ID: 202605470
Units
Unit 1:
Bedrooms: 2
Baths Full: 1
Rent: $1300.00
Unit 2:
Bedrooms: 1
Baths Full: 1
Rent: $875.00
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507 Kimball Rd, Iowa City, IA 52246.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $259,000 | $259,000 | $259,000 |
| Down Payment | $51,800 | $9,065 | $64,750 |
| Monthly Mortgage Amount | $1,361 | $1,671 | $1,666 |
| Taxes | $360 | $360 | $360 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $114 | $0 |
| Monthly Estimated Total | $1,821 | $2,245 | $2,126 |
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 11/03/2026. The listing information on this page last changed on 11/03/2026. 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 Tue 11/03/2026 12:09:16 AM EST) or MRED MLS (last updated Tue 11/03/2026 12:02:06 AM EST) or SCWMLS (last updated Mon 11/02/2026 11:55:07 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 11/02/2026 10:15:24 PM EST) or Cedar Rapids MLS (last updated Mon 11/02/2026 10:44:30 PM EST) or NEIRBR MLS (last updated Tue 11/03/2026 12:08:44 AM EST) or ICAAR MLS (last updated Mon 11/02/2026 11:37:34 PM EST) or ECIMLS (last updated Mon 11/02/2026 11:44:36 PM EST) or RMLSA (last updated Tue 11/03/2026 12:01:00 AM EST) or Muscatine MLS (last updated Tue 11/03/2026 12:00:14 AM EST) or No Coast MLS (last updated Tue 11/03/2026 12:04:26 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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