$180,000

Estimated payment $1,159/month

Total Views 1,707
-- Bed
-- Bath
2,164 Sq Ft
$83 Price per Sq Ft

Highlights

  • Popular Property
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Central Park
  • No HOA
  • Heating System Uses Gas

About This Home

Investment opportunity in the heart of Cedar Rapids! This income-producing fourplex offers a great addition to your portfolio with strong rental potential and recent updates throughout. The property features three 1-bedroom units and one 2-bedroom unit, providing a desirable mix for tenants. Many improvements have already been completed, including updated flooring, fresh paint, and renovated kitchens that give the units a clean, modern feel. Convenient in-town location close to shopping, restaurants, parks, and major roadways. Whether you are looking to expand your investment portfolio or start investing in multifamily properties, this fourplex offers excellent potential and opportunity.

Listing Agent

Laura Merchan

SKOGMAN REALTY Listed on: 05/15/2026

SKOGMAN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,385

Year Built

  • Built in 1900

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 50x100

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,164 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Trailside Elementary School
  • Franklin Middle School
  • Washington High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 14222-01013-00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,385

Year Built

Built in 1900

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.115
  • Co List Office Phone: 319-366-6427
  • MLS Status: Active
  • Directions: From downtown Cedar Rapids head East on 1st Ave, take a left on 17th St NE, property on the right.
  • Year Built: 1900
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Trailside
  • High School: Washington
  • Middle Or Junior School: Franklin

Lot Info

  • Lot Dimensions: 50x100
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14222-01013-00000

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2385.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,170 $137,800 $28,600 $109,200
2024 $2,132 $127,000 $26,400 $100,600
2023 $2,132 $122,600 $22,000 $100,600
2022 $2,466 $101,100 $22,000 $79,100
2021 $2,400 $101,100 $22,000 $79,100
2020 $2,400 $90,900 $17,600 $73,300
2019 $2,245 $69,300 $17,600 $51,700
2018 $2,056 $69,300 $17,600 $51,700
2017 $1,840 $55,800 $17,600 $38,200
2016 $1,840 $55,800 $17,600 $38,200
2015 $2,390 $69,538 $17,600 $51,938
2014 $2,390 $63,542 $8,100 $55,442
2013 $2,310 $63,542 $8,100 $55,442
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2026 05/15/26 For Sale $180,000 +71.4% $83 / Sq Ft
01/11/2021 01/11/21 Sold $105,000 -7.9% $49 / Sq Ft View Prior Sale
12/01/2020 12/01/20 Pending -- -- --
11/29/2020 11/29/20 Price Changed $114,000 -5.0% $53 / Sq Ft
10/16/2020 10/16/20 Price Changed $120,000 -4.0% $55 / Sq Ft
08/24/2020 08/24/20 For Sale $125,000 -- $58 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $112,500 None Available
Warranty Deed -- None Available
Quit Claim Deed -- --
Warranty Deed $45,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $78,750 New Conventional
Previous Owner $65,600 Adjustable Rate Mortgage/ARM
Previous Owner $36,720 Unknown
Source: Public Records

About the Listing Agent

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Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2603424

Cedar Rapids Area Association of REALTORS®

APN: 14222-01013-00000

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