# 516 Church, IowaCity, IA 52240

> **TL;DR:** residential multi family, $550,000 ($138/sqft), built 1970, 4,000 sqft. Est. $2,383/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $550,000 |
| Price/sqft | $138 |
| Square Feet | 4,000 |
| Year Built | 1970 |
| Property Type | Residential Multi Family |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,383 |
| **Total** | **$2,383** |

## Nearby Schools

- **Elementary:** Mann
- **Middle:** Southeast
- **High:** City

## Property Highlights

- Built in 1970

## Description

### Agent Description
Currently partially vacant but supported by an excellent rental history, this close-in property offers strong income potential and flexible use. Originally a single-family home, it has been converted into three 1-bedroom apartments along with six efficiency units off the alley, creating a total of nine rentable units.  The location is highly desirable, providing convenient access to nearby amenities, transit, and the university. The property also features ample on-site parking, a valuable asset for tenants and a competitive advantage in the rental market. Great for an investor seeking a value-add opportunity or looking to expand their portfolio with a well-located multi-unit building.  This property delivers both long-term potential and value.

## Location

- **Address:** 516 Church, IowaCity, IA 52240
- **County:** Johnson
- **Neighborhood:** Original Town
- **Coordinates:** 41.668243, -91.527955
- **Google Maps:** https://www.google.com/maps?q=41.668243,-91.527955

## Listing Agent

- **Name:** Teresa Morrow
- **Brokerage:** Blank & McCune Real Estate
- **Phone:** 3193549440
- **Email:** tmcommercial@southslope.net

## Primary Photo

![516 Church - Primary Photo](http://lh.rdcpix.com/099fee0461bc4659cb7dc1db3dfaa42bl-f436975696r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.com/listing/516-church-iowacity-ia-52240-02602686)*

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**MLS#:** 202602686 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/516-church-iowacity-ia-52240-02602686)

---

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