**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 32nd St NE, Cedar Rapids, IA 52402
--beds
--baths
13,248sqft
Multi Family
Built in 1970
-- sqft lot
$1,399,900 Zestimate®
$105/sqft
$1,077 Estimated rent
Home value
$1,399,900
$1.32M - $1.48M
$1,077/mo
Zestimate® history
Owner options
List your home for rent
$1,077/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,077/mo
Rent Zestimate®
Refinance and save
$7,633/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$7,633/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Matthew Lepic 319-321-7199,
LEPIC-KROEGER, REALTORS
Bought with:
Matthew Matthias
Caliber Group Property Management Co.
Source: CRAAR, CDRMLS,MLS#: 2509552
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Laundry: Common Area
Interior area
- Total interior livable area: 13,248 sqft
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 0.53 Acres
Details
- Parcel number: 141133102500000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Slab
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $105/sqft
- Annual tax amount: $11,294
- Date on market: 11/24/2025
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Sold | $1,385,000-1.1%$105/sqft |
Source:  CRAAR, CDRMLS #2509552 Report a problem | ||
| 2/13/2026 | Pending sale | $1,400,000$106/sqft |
Source: CRAAR, CDRMLS #2509552 Report a problem | ||
| 12/24/2025 | Price change | $1,400,000+1.8%$106/sqft |
Source: CRAAR, CDRMLS #2509552 Report a problem | ||
| 11/25/2025 | Listed for sale | $1,375,000+1.9%$104/sqft |
Source: CRAAR, CDRMLS #2509552 Report a problem | ||
| 9/29/2025 | Listing removed | $1,350,000$102/sqft |
Source: CRAAR, CDRMLS #2407195 Report a problem | ||
| 7/13/2025 | Price change | $1,350,000-1.8%$102/sqft |
Source: CRAAR, CDRMLS #2407195 Report a problem | ||
| 4/28/2025 | Price change | $1,375,000-1.4%$104/sqft |
Source: CRAAR, CDRMLS #2407195 Report a problem | ||
| 4/25/2025 | Listed for sale | $1,395,000$105/sqft |
Source: CRAAR, CDRMLS #2407195 Report a problem | ||
| 4/4/2025 | Pending sale | $1,395,000$105/sqft |
Source: CRAAR, CDRMLS #2407195 Report a problem | ||
| 4/2/2025 | Price change | $1,395,000-2.1%$105/sqft |
Source: CRAAR, CDRMLS #2407195 Report a problem | ||
| 1/30/2025 | Price change | $1,425,000-3.4%$108/sqft |
Source: CRAAR, CDRMLS #2407195 Report a problem | ||
| 10/18/2024 | Listed for sale | $1,475,000+28.3%$111/sqft |
Source: CRAAR, CDRMLS #2407195 Report a problem | ||
| 6/2/2023 | Sold | $1,150,000$87/sqft |
Source: CRAAR, CDRMLS #2301835 Report a problem | ||
| 5/9/2023 | Pending sale | $1,150,000$87/sqft |
Source: CRAAR, CDRMLS #2301835 Report a problem | ||
| 3/23/2023 | Listed for sale | $1,150,000$87/sqft |
Source: CRAAR, CDRMLS #2301835 Report a problem | ||
| 3/23/2016 | Listing removed | $375 |
Source: Heritage Property Management Report a problem | ||
| 10/1/2015 | Listed for rent | $375 |
Source: Heritage Property Management Report a problem | ||
| 5/29/2015 | Listing removed | $375 |
Source: Heritage Property Management Report a problem | ||
| 4/28/2015 | Listed for rent | $375 |
Source: Heritage Property Management Report a problem | ||
| 3/4/2015 | Listing removed | $375 |
Source: Heritage Property Management Report a problem | ||
| 2/4/2015 | Listed for rent | $375 |
Source: Heritage Property Management Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: Kenwood Park
Nearby homes
- $--1 bd1 ba600 sqft120 32nd St NE #6, Cedar Rapids, IA 52402Off Market
- $--1 bd1 ba561 sqft120 32nd St NE #10, Cedar Rapids, IA 52402Off Market
- $--1 bd1 ba561 sqft120 32nd St NE #5, Cedar Rapids, IA 52402Off Market
- $--1 bd1 ba561 sqft120 32nd St NE #12, Cedar Rapids, IA 52402Off Market
- $--1 bd1 ba561 sqft120 32nd St NE APT 7, Cedar Rapids, IA 52402Off Market
- $--1 bd1 ba571 sqft120 32nd St NE #14, Cedar Rapids, IA 52402Off Market
- $--3 bd1 ba800 sqft120 32nd St NE #17, Cedar Rapids, IA 52402Off Market
- $--1 bd1 ba561 sqft120 32nd St NE #8, Cedar Rapids, IA 52402Off Market
- $--1 bd1 ba561 sqft126 32nd St NE APT 14, Cedar Rapids, IA 52402Off Market
Nearby schools
GreatSchools rating
- 2/10Kenwood Leadership Academy SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Franklin Middle SchoolGrades: 6-8Distance: 0.9 mi
- 4/10George Washington High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Kenwood
- Middle: Franklin
- High: Washington
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,399,900
2% more
+$27,998
With Zillow Showcase(estimated)
$1,427,898
- Iowa
- Linn County
- Cedar Rapids
- 52402
- Kenwood Park
- 120 32nd St NE
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Cedar Rapids Topics
