121 S Governor St, Iowa City

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$249,900 - 864 Sq Ft - 2 bed 1 bath - MLS: 202601004

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.

      
Directions: North on Governor St. House is on the left between Washington St and College St.

Property Details

MLS #: 202601004
Price: $249,900
Year Built: 1952
Bedrooms: 2
 - Upper: 0.0
 - Main: 2.0
 - Lower: 0.0
Total Baths: 1
 - Upper Half: 0.0 ▪ Full: 0.0
 - Main: Half: 0.0 ▪ Full: 1.0
 - Lower: Half: 0.0 ▪ Full: 0.0
Building Style: One Story
Basement: Full, Unfinished
Total Sq Ft: 864
Above Ground: 864
Finished Lower: 0
Lot Size: 50x72
Fireplaces:
Parking: Off Street
Kitchen: Main Level
Dining Room: Main Level
Living Room: Main Level
Primary Bedroom: Main Level
Heat/Cooling: Forced Air, Natural Gas, Wall Window Units
Elementary: Longfellow
Middle: Southeast
High: City

Information deemed reliable but not guaranteed


Who To Contact

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Edge Realty Group

319-351-3355
 
info@edge-realtygroup.com


 Listing Office: Skogman Realty Co. - Agent: Gwen Johnson - Information furnished by Iowa City Area Association of Realtors