121 S Governor St

City

IowaCity

State

ZIP

52240

MLS#

202601004 icaar

About this property

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.

Bedrooms

Bathrooms

Square Ft.

3484

Acres

0.08

Property Type

IncomeInvestment

Full Baths

Year Built

1952

Basement

Basement: "Full", "Unfinished"

Cooling

Cooling: "WallWindowUnits"

Fireplaces

Features: "None"

Heating

Heating: "ForcedAir", "NaturalGas"

Laundry

Features: "InBasement"

Parking

Features: "OffStreet"

Utilities

Utilities: "CitySewer", "CityWater"