Creative finance opportunity! Fully rented 4-pex with $2,490 per month in gross rents! This well-maintained Four-plex with 2 studio units and 2 one-bedroom units is an ideal investment opportunity for those looking to enter the market. Located on the SE side of Cedar Rapids, the property offers low maintenance with a newer roof, plus a spacious open backyard. Perfect for a new owner to take over and begin generating income from day one.
Seller Financing, Subject to and Lease Option available. Package deal available for 1207 5th Ave Se and 1211 5th Ave SE. Tenant occupied, 48 hours minimum notice for showings, pre approval required for showings on occupied units.
Sold for $160,000
$160,000
1211 5th Ave SE, Cedar Rapids, IA 52403
--beds
--baths
1,856sqft
Multi Family
Built in 1914
-- sqft lot
$201,200 Zestimate®
$86/sqft
$1,036 Estimated rent
Home value
$201,200
$151,000 - $254,000
$1,036/mo
Zestimate® history
Owner options
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$1,036/mo
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$882/mo
Est. payment
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$882/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Connor Harris 319-213-1162,
Burrington Real Estate
Bought with:
Travis Gaule
SKOGMAN REALTY
Source: CRAAR, CDRMLS,MLS#: 2401091
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Forced Air, Gas
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Storage
Interior area
- Total interior livable area: 1,856 sqft
Property
Parking
- Total spaces: 2
Lot
- Size: 4,200 Square Feet
- Dimensions: 30 x 140
Details
- Parcel number: 142233400700000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stone
Condition
- Year built: 1914
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: $86/sqft
- Tax assessed value: $112,500
- Annual tax amount: $1,722
- Date on market: 2/17/2024
- Listing terms: Cash,Conventional,Contract
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2024 | Sold | $160,000$86/sqft |
Source:  CRAAR, CDRMLS #2401091 Report a problem | ||
| 9/24/2024 | Pending sale | $160,000$86/sqft |
Source: CRAAR, CDRMLS #2401091 Report a problem | ||
| 9/11/2024 | Listed for sale | $160,000+6.7%$86/sqft |
Source: CRAAR, CDRMLS #2401091 Report a problem | ||
| 8/22/2024 | Listing removed | -- |
Source: CRAAR, CDRMLS #2401091 Report a problem | ||
| 7/18/2024 | Price change | $149,900-7.8%$81/sqft |
Source: CRAAR, CDRMLS #2401091 Report a problem | ||
| 3/23/2024 | Price change | $162,500-4.4%$88/sqft |
Source: CRAAR, CDRMLS #2401091 Report a problem | ||
| 3/11/2024 | Listed for sale | $169,999$92/sqft |
Source: CRAAR, CDRMLS #2401091 Report a problem | ||
| 2/26/2024 | Pending sale | $169,999$92/sqft |
Source: CRAAR, CDRMLS #2401091 Report a problem | ||
| 2/17/2024 | Listed for sale | $169,999+57.4%$92/sqft |
Source: CRAAR, CDRMLS #2401091 Report a problem | ||
| 11/15/2021 | Sold | $108,000-8.4%$58/sqft |
Source: CRAAR, CDRMLS #2104840 Report a problem | ||
| 9/22/2021 | Pending sale | $117,900$64/sqft |
Source: CRAAR, CDRMLS #2104840 Report a problem | ||
| 9/14/2021 | Price change | $117,900-6.8%$64/sqft |
Source: CRAAR, CDRMLS #2104840 Report a problem | ||
| 9/7/2021 | Listed for sale | $126,500$68/sqft |
Source: CRAAR, CDRMLS #2104840 Report a problem | ||
| 8/10/2021 | Pending sale | $126,500$68/sqft |
Source: CRAAR, CDRMLS #2104840 Report a problem | ||
| 8/3/2021 | Price change | $126,500-2.6%$68/sqft |
Source: CRAAR, CDRMLS #2104840 Report a problem | ||
| 7/16/2021 | Listed for sale | $129,900+8.3%$70/sqft |
Source: CRAAR, CDRMLS #2104840 Report a problem | ||
| 5/25/2021 | Listing removed | -- |
Source: CRAAR, CDRMLS #2009179 Report a problem | ||
| 3/9/2021 | Price change | $120,000-7.6%$65/sqft |
Source: CRAAR, CDRMLS #2009179 Report a problem | ||
| 2/26/2021 | Price change | $129,900-3.1%$70/sqft |
Source: CRAAR, CDRMLS #2009179 Report a problem | ||
| 1/19/2021 | Listed for sale | $134,000$72/sqft |
Source: CRAAR, CDRMLS #2009179 Report a problem | ||
| 12/9/2020 | Pending sale | $134,000+21.8%$72/sqft |
Source: CRAAR, CDRMLS #2009179 Report a problem | ||
| 6/23/2020 | Sold | $110,000-6.8%$59/sqft |
Source: Public Record Report a problem | ||
| 4/27/2020 | Listed for sale | $118,000+43.9%$64/sqft |
Source: Owner Report a problem | ||
| 5/31/2018 | Sold | $82,000-6.7%$44/sqft |
Source: CRAAR, CDRMLS #1800064 Report a problem | ||
| 5/4/2018 | Listed for sale | $87,900+258.8%$47/sqft |
Source: FUSION REALTORS #1800064 Report a problem | ||
| 8/15/2005 | Sold | $24,500$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,370 +39.1% | $112,500 +15% |
| 2024 | $1,704 +6.6% | $97,800 +1.6% |
| 2023 | $1,598 -13.6% | $96,300 +27% |
| 2022 | $1,850 -0.2% | $75,800 |
| 2021 | $1,854 -5% | $75,800 +8% |
| 2020 | $1,952 +92.1% | $70,200 |
| 2019 | $1,016 | $70,200 +49% |
| 2018 | $1,016 +2.8% | $47,100 +0.9% |
| 2017 | $988 -2.8% | $46,700 |
| 2016 | $1,016 +2.4% | $46,700 -13.6% |
| 2015 | $992 -13.7% | $54,039 -9.8% |
| 2014 | $1,150 | $59,919 |
Find assessor info on the county website
Neighborhood: Wellington Heights
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Nearby schools
GreatSchools rating
- 2/10Johnson STEAM Academy SchoolGrades: K-5Distance: 0.5 mi
- 3/10McKinley STEAM AcademyGrades: 6-8Distance: 0.2 mi
- 4/10George Washington High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Johnson
- Middle: McKinley
- 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.
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- Iowa
- Linn County
- Cedar Rapids
- 52403
- Wellington Heights
- 1211 5th Ave SE
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