4639 Iowa Street is a fantastic value-add investment that offers an investor 15% upside in rents in the rapidly accelerating rental market of Normal Heights. The 5,326 square foot structure built in 1972 is situated on a 6,162 square foot lot just a half block from Adams Avenue. The property features one 2 Bedroom / 2 Bath, two 2 Bedroom / 1 Bath, and five 1 Bedroom / 1 Bath units, each with large floorplans. Ownership has made improvements to the units upon turnover and the roof was redone in 2025 along with exterior paint. In addition, the property offers a common laundry space with a washer/dryer and 2 double garages. Please do not walk on the property or disturb tenants. 4639 Iowa Street is located in Normal Heights in close proximity to three additionally desirable sub-markets in San Diego: North Park, Kensington and University Heights. All of these prime, central San Diego locations offer many options for walkable dining, retail, grocery shopping and recreational activities. The property is less than 2 miles away from two trolley line stops in Mission Valley and has easy access to the 805, 15 and 8 Freeways. Normal Heights is centrally located in the city of San Diego, on a mesa just south of Mission Valley. Its borders are defined by Interstate 805 to the West, Interstate 8 to the North, Interstate 15 to the East, and El Cajon Boulevard to the South. Like other urban mesa neighborhoods north of Balboa Park, Normal Heights has a high rate of pedestrian activity. The stretch of Adams Avenue between Texas Street on the west and Ohio Street on the east is sometimes referred to as Antique Row, due to its numerous antique stores. A landmark neon sign over Adams Avenue at Felton Street identifies the neighborhood. The property is just over a mile from the employment hub of Mission Valley. San Diego State University is currently expanding westward and developing SDSU West which will create 4,600 student/faculty housing units, over 1.5 million square feet of office and lab space, 95,000 square feet of commercial/retail space, a 35,000 seat stadium, 400 hotel rooms and 40,000 square feet of conference space, as well as over 80 acres of park and recreational space.