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121 S Governor St Iowa City, IA 52240 • Residential - Single Family • Active

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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 Highlights

Property Type: Residential - Single Family
Total Living Area SF: 864
Garage Size: 2
Built in 1952
Elementary School: Longfellow
High School: City
Middle School: Southeast

General Information

Bedrooms: 2
Bathrooms: 1
Sqft: 864
County: Johnson
High School: City
Listed By:
SKOGMAN REALTY Gwen Johnson 319-625-6427
Cedar Rapids MLS
$244,900
Est. $1,631/mo
2beds
1baths
864sqft
2cars
Active
BEDS2 BATHS1 full SQUARE FEET864 MLS#2604563
STATUSActive PROPERTY TYPEResidential - Single Family
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Get in Touch

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Shown By

Agent Name: Damien Rexroat
 Agent Phone: (563) 340-6129
 Agency Title: Ruhl&Ruhl Realtors
 Agent Email:

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121 S Governor St , Iowa City, IA 52240.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $244,900$244,900$244,900
Down Payment $48,980$8,572$61,225
Monthly Mortgage Amount $1,190$1,461$1,513
Taxes $341$341$341
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$108$0
Monthly Estimated Total $1,631$2,010$1,954

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 07/06/2026. The listing information on this page last changed on 07/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 07/06/2026 4:26:34 AM EST) or MRED MLS (last updated Mon 07/06/2026 2:04:14 AM EST) or SCWMLS (last updated Sun 07/05/2026 11:54:31 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 07/05/2026 10:16:09 PM EST) or Cedar Rapids MLS (last updated Sun 07/05/2026 10:44:12 PM EST) or NEIRBR MLS (last updated Mon 07/06/2026 1:18:41 AM EST) or ICAAR MLS (last updated Sun 07/05/2026 11:37:27 PM EST) or ECIMLS (last updated Sun 07/05/2026 11:44:19 PM EST) or RMLSA (last updated Mon 07/06/2026 1:10:55 AM EST) or Muscatine MLS (last updated Mon 07/06/2026 2:00:09 AM EST) or No Coast MLS (last updated Mon 07/06/2026 12:44:18 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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