121 S Governor St, Iowa City, IA 52240

Iowa City
Local realty services provided by:Graf Real Estate ERA Powered
121 S Governor St,Iowa City, IA 52240
$244,900
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  • 2 Beds
  • 1 Baths
  • 864 sq. ft.
  • Single family
  • Active
Listed by: gwen johnson
Office: skogman realty
MLS#:2604563
Source:IA_CRAAR

Price summary

  • Price:$244,900
  • Price per sq. ft.:$283.45

About this home

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.

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Home facts

  • Year built:1952
  • Listing ID #:2604563
  • Added:47 day(s) ago
  • Updated:August 09, 2026 at 03:39 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Kitchen Description:Dishwasher, Microwave, Range, Refrigerator
  • Basement:Yes
  • Basement Description:Full
  • Living area:864 sq. ft.

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Year built:1952
  • Building area:864 sq. ft.
  • Lot area:0.08 Acres
  • Architectural Style:Ranch
  • Construction Materials:Frame
  • Exterior Features:Deck
  • Levels:1 Story

Schools

  • High school:City
  • Middle school:Southeast
  • Elementary school:Longfellow

Utilities

  • Water:Public

Finances and disclosures

  • Price:$244,900
  • Price per sq. ft.:$283.45
  • Tax amount:$2,956

Features and amenities

  • Laundry features:Dryer, Washer

Parking

  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:2

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