**Investment Property Available in Cedar Rapids** This multifamily complex comprises a total of 23 units: - 18 one-bedroom units - 3 two-bedroom unit - 1 three-bedroom unit - 1 efficiency unit Out of the 23 units, 10 have been fully remodeled within the past two years. The units occupied by long-term tenants remain untouched. The property is located in a great area with easy access. 3 units' rents were doubled by furnishing them and renting them short-term. Each unit has its own furnace and AC. Tenants pay RUBs each month towards water. 48 Hours' Notice to Show.
Sold for $1,385,000
$1,385,000
120-126 NE 32nd St, Cedar Rapids, IA 52402
--beds
1baths
13,248sqft
Multi Family, Residential
Built in 1970
-- sqft lot
$1,399,900 Zestimate®
$105/sqft
$1,210 Estimated rent
Home value
$1,399,900
$1.32M - $1.48M
$1,210/mo
Zestimate® history
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$7,633/mo
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Zillow last checked:
Listing updated:
Listed by:
Matthew Lepic 319-321-7199,
Lepic-Kroeger, REALTORS
Bought with:
Nonmember NONMEMBER
NONMEMBER
Source: Iowa City Area AOR,MLS#: 202507139
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Baseboard, Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Microwave, Range Or Oven, Refrigerator
- Laundry: Other
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 13,248
- Total interior livable area: 13,248 sqft
- Finished area above ground: 13,248
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Levels: One
Lot
- Features: Half To One Acre
Details
- Parcel number: 141133102500000
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Condo Single Level
- Property subtype: Multi Family, Residential
Materials
- Vinyl, Frame
- Foundation: Slab
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Near Public Transport, Sidewalks, Street Lights
- Subdivision: CR
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $1,385,000
- Annual tax amount: $11,294
- Date on market: 11/24/2025
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Sold | $1,385,000-1.1%$105/sqft |
Source:  Iowa City Area AOR #202507139 Report a problem | ||
| 2/25/2026 | Pending sale | $1,400,000$106/sqft |
Source: Iowa City Area AOR #202507139 Report a problem | ||
| 1/9/2026 | Price change | $1,400,000+1.8%$106/sqft |
Source: Iowa City Area AOR #202507139 Report a problem | ||
| 11/25/2025 | Listed for sale | $1,375,000+1.9%$104/sqft |
Source: Iowa City Area AOR #202507139 Report a problem | ||
| 9/29/2025 | Listing removed | $1,350,000$102/sqft |
Source: Iowa City Area AOR #202405889 Report a problem | ||
| 7/13/2025 | Price change | $1,350,000-1.8%$102/sqft |
Source: Iowa City Area AOR #202405889 Report a problem | ||
| 4/28/2025 | Price change | $1,375,000-1.4%$104/sqft |
Source: Iowa City Area AOR #202405889 Report a problem | ||
| 4/4/2025 | Price change | $1,395,000-2.1%$105/sqft |
Source: Iowa City Area AOR #202405889 Report a problem | ||
| 1/30/2025 | Price change | $1,425,000-3.4%$108/sqft |
Source: Iowa City Area AOR #202405889 Report a problem | ||
| 10/18/2024 | Listed for sale | $1,475,000$111/sqft |
Source: Iowa City Area AOR #202405889 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Kenwood Park
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Nearby schools
GreatSchools rating
- 2/10Kenwood Leadership Academy SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Franklin Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10George Washington High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Kenwood
- Middle: Franklin
- High: Washington
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Iowa
- Linn County
- Cedar Rapids
- 52402
- Kenwood Park
- 120-126 NE 32nd St
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