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121 S Governor Street

Iowa City, IA 52240
  • $249,900
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 2600866
$249,900
  • 2
    BEDS
  • 0.08
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 864
    SQFT
  • $289
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1952
County:

School Information

Elementary School:
Middle School:
High School:

Description

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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© 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2026-03-14T23:42:34.27.
www.cedarrapidsareahomes.com/homes/172772536
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121 S Governor Street Iowa City, IA 52240

  • Price: $249,900
  • Status: Active
  • On Site: 37 Days
  • MLS #: 2600866
2
Beds
1
Baths
0
½ Baths
0.08
Acres
864
SQFT
$289
$/SQFT
1952
Built
Neighborhood:
Iowa City/Coralville
County:
Johnson
Area:
Iowa City/Coralville
Elementary School:
Longfellow
Middle School:
Southeast
High School:
City
Property Description
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.
Exterior Features

Architectural Style Ranch Construction Materials Frame Vinyl Siding Garage YN Yes Parking Features Garage Off Street Patio And Porch Features Deck

Interior Features

Above Grade Finished Area 864 Appliances Dryer Dishwasher Microwave Range Refrigerator Washer Basement Full Basement YN Yes Below Grade Finished Area 0 Cooling Wall / Window Unit(s) Cooling YN Yes Heating Forced Air Gas Heating YN Yes Interior Features Kitchen / Dining Combo Main Level Primary

Property Features

Association YN No Builder Name unknown Listing Terms Cash Conventional New Construction YN No Possession Negotiable Property Sub Type Single Family Residence Property Sub Type Additional Single Family Residence Sewer Public Sewer Tax Annual Amount 2956 Water Source Public

Listing information © 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Gwen Johnson of SKOGMAN REALTY: 319-625-6427.
© 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2026-03-14T23:42:34.27.
 
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