121 S Governor St, IowaCity, IA 52240
Iowa City Original Town · Johnson County
Key Facts
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.
Property Information
Property Type
Residential
Style
OneStory
Year Built
1952
Stories
1
Living Area
864 sq ft
Lot Size
0.08 acres
Lot Dimensions
50x72
Parking Spaces
2
Zoning
res
MLS® Listing#
202601004
Property Features
Interior
Appliances
Cooling
Heating
Fireplace
Basement
Parking
Laundry
Patio
Lot Features
Construction
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Longfellow
- Middle:
- Southeast
- High:
- City
Financial Details
HOA
None
Annual Taxes
$2,956
Tax year 2024
Parcel Number
1010479011
Directions
North on Governor St. House is on the left between Washington St and College St.
Affordability Calculator
$48,980
Estimated monthly payment
$1,303/mo
Principal $195,920 · Est. interest $273,326 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in IowaCity, IA
- $359,649
- Median Listing Price
- 69
- Median Days on Market
- 1,792
- Median Sq Ft
- $196
- Median Price / Sq Ft
- 258
- Active Listings
- This home’s price is 32% below the area median.
- Its price per sq ft is 45% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in IowaCity, IA.
Location
Getting Around
Points of Interest in IowaCity, IA
Showing the IowaCity area map.
Nearby Schools
Longfellow Elementary School
Elementary · 0.4 mi away
Mann Elementary School
Elementary · 0.6 mi away
University of Iowa Department of Cinematic Arts
School · 0.8 mi away
Iowa City High School
Secondary · 0.9 mi away
Herbert Hoover Elementary School
Elementary · 1.0 mi away
Regina Junior Senior High School
Secondary · 1.1 mi away
Regina Elementary School
Elementary · 1.1 mi away
Mark Twain Elementary School
Elementary · 1.2 mi away
Melrose Day Care Center
Elementary · 1.3 mi away
Tate High School
Secondary · 1.4 mi away
Bohumil Shimek Elementary School
Elementary · 1.4 mi away
Iowa City Community School District
School · 1.5 mi away
Pci Academy Iowa City
School · 1.6 mi away
Southeast Junior High School
Secondary · 1.6 mi away
Lincoln Elementary School
Elementary · 1.6 mi away
Champions at Lucas Elementary
Elementary · 1.7 mi away
Lucas Elementary School
Elementary · 1.7 mi away
Helen Lemme Elementary School
Elementary · 1.8 mi away
Grant Wood Elementary School
Elementary · 1.9 mi away
Enchanted Neighborhood
School · 2.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4391 Berkeley Ln, IowaCity, IA | $175,000 | 2 | 2 | 1,150 |
| 480 Samoa Drive, IowaCity, IA | $176,000 | 2 | 2 | 1,008 |
| 1009 Highland Ave, IowaCity, IA | $179,000 | 2 | 1 | 1,026 |
| 408 West Side Dr, IowaCity, IA | $179,900 | 3 | 2 | 1,292 |
| 1002 Rochester Ave, IowaCity, IA | $182,000 | 2 | 1 | 800 |
| 4850 E Court St, IowaCity, IA | $183,900 | 2 | 2 | 1,150 |
Moving Cost Estimate
EXIT Agents in IowaCity
Listing Courtesy: Skogman Realty Co. - 3196256427
Presented by: Gwen Johnson