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About This Home

This 2-bedroom, 1-bathroom condo at 29 Valley Avenue in Iowa City, IA is listed for $239,000 ($306 per sqft). Built in 1984, the home offers 780 sqft of living space on a N/A lot.

Agent Description

Don't miss this fantastic opportunity to own a 2-bedroom, 1-bath condo in an unbeatable location-just steps from the University of Iowa campus and right next to Carver-Hawkeye Arena. Whether you're searching for a smart investment property or ready to stop renting and own your own place, this condo checks all the boxes.

Situated on the second level, this unit features an open-concept kitchen and living area, creating a comfortable and functional living space. Enjoy laminate flooring throughout, electric heat, and a window A/C unit. All appliances are included, including a washer and dryer, making this a truly move-in-ready home.

The property also comes with two dedicated parking spaces-a rare and valuable perk in this area. The annual HOA fee of $1,440 covers lawn care, exterior building insurance and liability, as well as general exterior maintenance. The HOA also manages annual rental inspections and permit requirements, making this an excellent option for investors.

Trash service is shared with the neighboring building. The unit is currently tenant-occupied, with a lease in place through June 30th-offering immediate rental income potential. Current rent is 1,350 tenant pays all utilities

Key Features

  • Built in 1984

Property Details

1 full
#6
1984

Monthly Cost Estimate

$2,718/mo

20% down · 6.5% · 30 years

Principal$173
Interest$1,036
Insurance$70
HOA$1,440

Estimates only. Actual payments may vary.

Location

29 Valley Avenue

Iowa City, IA 52240

Property Details

Construction

Frame

Parking

Off Street

Appliances

DisposalDryerRangeRefrigeratorWasherWater Heater - Electric

Questions & Answers

This 2-bedroom, 1-bathroom condo at 29 Valley Avenue is listed at $239,000 ($306/sqft). The estimated monthly payment is $2,476 based on 20% down at 6.5% interest.

HOA fees are $1440/month.

Key features include: Built in 1984.

This property is listed by Karen Mathison and can be reached at (319) 367-8760 or KarenMathison@realty87.com.

KM

Karen Mathison

Agent at Realty87

(319) 367-8760

Listed by Realty87 · View on Broker Site

MLS# 2602126· Source: listhub· Updated 62 days ago

Copyright © 2026 Cedar Rapids 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.

29 Valley Avenue, Iowa City, IA 52240

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