Sold for $185,000

$185,000

1211 2nd Ave SE, Cedar Rapids, IA 52403

--beds

--baths

3,667sqft

Multi Family

Built in 1880

-- sqft lot

$191,400 Zestimate^®

$50/sqft

$969 Estimated rent

Home value

$191,400

$178,000 - $207,000

$969/mo

Zestimate^® history

Owner options

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$969/mo

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$969/mo

Rent Zestimate^®

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$1,020/mo

Est. payment

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$1,020/mo

Est. payment

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What's special

Historic character and charm

Excellent multi-family investment opportunity! This property offers four sizable 2-bedroom, 1-bath units, each with historic character and charm. Ideally located within walking distance of Mercy Medical Center, St. Luke’s Hospital, and Coe College, it is well-suited for short-term, mid-term, or long-term rental strategies. Recent improvements include a newly poured concrete pad providing four dedicated off-street parking spaces. Photos are from 2022 post seller renovations. Property is subject to 48-hour tenant rights.

Facts & features

Interior

Heating

Forced Air, Gas

Appliances

Laundry: Common Area

Features

Basement: Full

Interior area

Total interior livable area: 3,667 sqft

Property

Parking

Total spaces: 4
Parking features: Parking Space(s)

Lot

Size: 6,969 Square Feet
Dimensions: 140 x 50

Details

Parcel number: 142232700700000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Stucco

Condition

Year built: 1880

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate Meters

Community & HOA

HOA

Has HOA: No

Location

Region: Cedar Rapids

Financial & listing details

Price per square foot: $50/sqft
Tax assessed value: $146,600
Annual tax amount: $2,847
Date on market: 7/28/2025
Listing terms: Cash,Conventional
Tenant pays: Gas

Price history

Date	Event	Price
9/8/2025	Sold	$185,000-7%$50/sqft
Source: CRAAR, CDRMLS #2506593 Report a problem
8/8/2025	Pending sale	$199,000$54/sqft
Source: CRAAR, CDRMLS #2506593 Report a problem
7/29/2025	Listed for sale	$199,000+33.6%$54/sqft
Source: CRAAR, CDRMLS #2506593 Report a problem
11/15/2022	Sold	$149,000-3.9%$41/sqft
Source: CRAAR, CDRMLS #2105054 Report a problem
10/13/2021	Pending sale	$155,000$42/sqft
Source: CRAAR, CDRMLS #2105054 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,768 +3.7%	$146,600 +2.8%
2024	$2,668 +5.2%	$142,600 +1.4%
2023	$2,536 -13.6%	$140,600 +25.3%
2022	$2,934 +4.6%	$112,200
2021	$2,806 -5%	$112,200 +13%
2020	$2,954 +47.6%	$99,300
2019	$2,002	$99,300 +53%
2018	$2,002 -4.3%	$64,900 -2.7%
2017	$2,092 -8.4%	$66,700
2016	$2,284 -4.3%	$66,700 -23.9%
2015	$2,386 -27.8%	$87,600 +2.3%
2014	$3,306	$85,661