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Sold for $150,000
    • $150,000

    1249 3rd Ave SE, Cedar Rapids, IA 52403

    --beds
    --baths
    2,776sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $151,500 Zestimate®
    $54/sqft
    $1,170 Estimated rent

    Home value

    $151,500

    $141,000 - $162,000

    $1,170/mo

    Zestimate® history
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    What's special

    Common laundry areaIn-unit laundry
    This investment property is a five-unit multifamily building (5-plex) consisting of five one-bedroom units. Two of the units are equipped with in-unit laundry, while the remaining three tenants have access to a common laundry area located in the basement. The property has a solid rental history, with consistent occupancy and reliable tenants. The last city inspection was completed in July 2024, ensuring compliance with local housing codes and regulations. Each unit pays their own electric. Owner pays trash, water and common area electric.

    Zillow last checked:

    Listing updated:

    Listed by:

    Beth Mackey 319-491-6388,

    Realty87

    Bought with:

    Jerome Edwards

    Pinnacle Realty LLC

    Source: CRAAR, CDRMLS,MLS#: 2503728MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors

    Facts & features

    Interior

    Heating
    • Electric
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 2,776 sqft

    Property

    Parking
    • Parking features: Parking Space(s)
    Lot
    • Size: 5,619 Square Feet
    • Dimensions: 40 x 140
    Details
    • Parcel number: 142232600500000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Wood Siding
    Condition
    • Year built: 1900

    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: $54/sqft
    • Annual tax amount: $1,820
    • Date on market: 5/22/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity

    Price history

    DateEventPrice
    3/25/2026Sold$150,000-9.1%$54/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    2/19/2026Pending sale$165,000$59/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    2/15/2026Listed for sale$165,000$59/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    1/9/2026Pending sale$165,000$59/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    12/15/2025Price change$165,000-2.9%$59/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    11/24/2025Price change$170,000-4.5%$61/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    11/20/2025Price change$178,000-1.1%$64/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    10/28/2025Price change$180,000-2.7%$65/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    9/4/2025Price change$185,000-5.1%$67/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    8/29/2025Price change$195,000-2.5%$70/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    8/26/2025Price change$200,000-2.4%$72/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    8/25/2025Price change$205,000-2.4%$74/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    8/6/2025Price change$210,000-6.7%$76/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    7/14/2025Price change$225,000-2.2%$81/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    6/21/2025Price change$230,000-4.2%$83/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    6/4/2025Price change$240,000-2%$86/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    6/1/2025Price change$245,000-3.9%$88/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    5/22/2025Listed for sale$255,000$92/sqft
    Source: CRAAR, CDRMLS #2503728 Report a problem
    5/16/2025Listing removed$255,000$92/sqft
    Source: CRAAR, CDRMLS #2500210 Report a problem
    5/12/2025Price change$255,000-1.9%$92/sqft
    Source: CRAAR, CDRMLS #2500210 Report a problem
    5/2/2025Price change$260,000-3.7%$94/sqft
    Source: CRAAR, CDRMLS #2500210 Report a problem
    4/29/2025Price change$270,000-3.6%$97/sqft
    Source: CRAAR, CDRMLS #2500210 Report a problem
    4/22/2025Price change$280,000-3.4%$101/sqft
    Source: CRAAR, CDRMLS #2500210 Report a problem
    4/11/2025Price change$290,000-1.7%$104/sqft
    Source: CRAAR, CDRMLS #2500210 Report a problem
    4/7/2025Price change$295,000-1.7%$106/sqft
    Source: CRAAR, CDRMLS #2500210 Report a problem
    1/10/2025Listed for sale$300,000+404.2%$108/sqft
    Source: CRAAR, CDRMLS #2500210 Report a problem
    7/6/2021Sold$59,500+70%$21/sqft
    Source: CRAAR, CDRMLS #2101865 Report a problem
    3/1/2012Sold$35,000$13/sqft
    Source: Iowa City Area AOR #20120886 Report a problem

    Public tax history

    Tax history is unavailable.
    Find assessor info on the county website

    Neighborhood: Wellington Heights

    Nearby homes

    Nearby schools

    GreatSchools rating
    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.

    Sell for more on Zillow
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    $151,500
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    +$3,030
    With Zillow Showcase(estimated)
    $154,530
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $151,500
    2% more
    +$3,030
    With Zillow Showcase(estimated)
    $154,530

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