121 S Governor Street, Iowa City, IA 52240
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
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1952
Living Area
864 sq ft
Lot Size
0.08 acres
Lot Dimensions
50x72
Garage Spaces
2
Days on Market
92
MLS® Listing#
2600866
Property Features
Appliances
Cooling
Heating
Basement
Parking
Patio
Construction
Sewer
Water Source
Rooms
- First
Schools
- Elementary:
- Longfellow
- Middle:
- Southeast
- High:
- City
Financial Details
HOA
None
Annual Taxes
$2,956
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 Iowa City, IA
- $275,649
- Median Listing Price
- 66
- Median Days on Market
- 1,687
- Median Sq Ft
- $152
- Median Price / Sq Ft
- 817
- Active Listings
- This home’s price is 11% below the area median.
- Its price per sq ft is 86% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Iowa City, IA.
Location
Getting Around
Points of Interest in Iowa City, IA
Showing the Iowa City 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 |
|---|---|---|---|---|
| 2605 Home St., Sioux City, IA | $175,000 | 4 | — | 1,140 |
| 1614 Commercial, Iowa Falls, IA | $175,000 | 4 | 3 | 2,822 |
| 1800 S Maple, Sioux City, IA | $175,000 | 3 | — | 1,008 |
| 4391 Berkeley Lane, Iowa City, IA | $175,000 | 2 | 2 | 1,150 |
| 3213 9th, Sioux City, IA | $175,000 | 3 | — | 1,164 |
| 522 Story Street 301, Story City, IA | $175,000 | 3 | 2 | 1,668 |
Moving Cost Estimate
EXIT Agents in Iowa City
Listing Courtesy: SKOGMAN REALTY - 3196256427
Presented by: Gwen Johnson