1515 B Ave NE, Cedar Rapids, IA 52402

Opportunity awaits with this historic home built in 1885. Whether you are looking to restore it as a spacious single-family residence, create a multi-generational living arrangement, or explore its potential as a two-unit rental (subject to local zoning and approvals), the possibilities are plentiful. The main level features a one-bedroom layout with a full bath, kitchen, and living area. The upstairs offers two bedrooms, an additional bath, and separate living quarters, providing a flexible floor plan for various uses. This property requires extensive renovation and is offered below assessed value, making it an excellent opportunity for investors, contractors, or buyers with vision. With over 140 years of history, the property also includes a detached two-car garage and a convenient location just minutes from downtown, schools, and hospitals. Bring your imagination and craftsmanship to restore this grand home to its former glory. Please let me know if you would like to schedule a viewing or receive more information.The property is sold as is condition. Sellers has set a 7 day first look period. Showings can start 7/4/26, Hold Harmless Waiver must be signed by viewer and agent.