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Excellent Owner-Occupant or Investment Opportunity! Enjoy the flexibility of living in one unit while generating rental income from the second. This two-unit property features two spacious living spaces, each offering 2 bedrooms, a full bath, an eat-in kitchen, and its own laundry room. The upper-level unit boasts an updated kitchen, bathroom, and flooring, along with a private deck off the dining area—perfect for relaxing or entertaining. The lower-level unit offers a comfortable layout with an eat-in kitchen, living room, 2 bedrooms, a full bath, and a dedicated laundry room. Additional highlights include a detached 2-car garage with the potential for shared use. Whether you're looking to offset your mortgage with rental income or expand your investment portfolio, this property offers plenty of possibilities! Buyer to Verify Schools

  • Year Built
    1975
  • Construction Materials
    Frame
  • Living Area
    1986.0
  • Appliances
    Dryer, Refrigerator, Washer
  • Cooling
    Central Air
  • Heating
    Forced Air, Natural Gas
  • Basement
    Daylight

  • Water
    Public

  • Area
    SEQuadrant
  • County
    Johnson
  • City
    Hills
  • Neighborhood
    Hills OT/Annx
  • Zip Code
    52235
  • High School
    City
  • Middle School
    Southeast
  • Elementary School
    Alexander

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Frequently Asked Questions

How do I schedule a tour of 408 E Main?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 408 E Main.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 408 E Main?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $259,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Hills, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 408 E Main?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 408 E Main at around $1,683. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 408 E Main?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Johnson County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 408 E Main?

In most cases, yes. Whether 408 E Main is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Hills's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 408 E Main?

We can handle that for you. Our preferred local agent specializes in residentials in Hills and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $259,000 with 1,986 sqft of space—that comes out to approximately $130 per square foot.

How long has this property been on the market?

408 E Main was listed on October 24, 2026, which means it's been on the market for 13 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1975, making it approximately 51 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Alexander
  • Middle: Southeast
  • High: City

Want to see how these schools compare? Check out our Johnson County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 408 E Main?

The most recent public record shows annual property taxes for 408 E Main were approximately $3,342. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 408 E Main still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Iowa City Area Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. The data is provided from an authorized source. Copyright © 2026 Iowa City Area Association of REALTORS®. All Rights Reserved.

Last Updated: November 06, 2026 at 07:31PM | Source: Iowa City Area Association of REALTORS | MLS#: 202606266