Perfect investment opportunity for an investor who's just starting out or looking to add to their portfolio. This property is fully occupied and consists of four, 1 bedroom apartments, a 3 stall garage, and coin operated washer and dryer that's owned. Owner pays gas and water/sewer while the resident's pay electricity. Each unit has been updated within the last 5 years. The property passed the city inspection in June, 2023.
Sold for $149,900
$149,900
1532 5th Ave SE, Cedar Rapids, IA 52403
--beds
--baths
2,018sqft
Multi Family
Built in 1914
-- sqft lot
$167,500 Zestimate®
$74/sqft
$1,192 Estimated rent
Home value
$167,500
$154,000 - $183,000
$1,192/mo
Zestimate® history
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$1,063/mo
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Zillow last checked:
Listing updated:
Listed by:
Justin Sloan 319-521-0101,
SKOGMAN REALTY COMMERCIAL
Bought with:
Mike Graf-Graf Home Selling Team
GRAF REAL ESTATE, ERA POWERED
Source: CRAAR, CDRMLS,MLS#: 2304386
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Gas
Appliances
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total interior livable area: 2,018 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Has garage: Yes
Lot
- Size: 7,013 Square Feet
- Dimensions: 50 x 140
Details
- Parcel number: 142230303000000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Wood Siding
Condition
- Year built: 1914
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: $74/sqft
- Tax assessed value: $147,400
- Annual tax amount: $1,974
- Date on market: 7/6/2023
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2023 | Sold | $149,900$74/sqft |
Source:  CRAAR, CDRMLS #2304386 Report a problem | ||
| 7/12/2023 | Pending sale | $149,900$74/sqft |
Source: CRAAR, CDRMLS #2304386 Report a problem | ||
| 7/6/2023 | Listed for sale | $149,900+82.8%$74/sqft |
Source: CRAAR, CDRMLS #2304386 Report a problem | ||
| 3/15/2018 | Sold | $82,000$41/sqft |
Source: CRAAR, CDRMLS #1709538 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,282 +24.3% | $147,400 +17% |
| 2024 | $1,836 +3.3% | $126,000 +21.5% |
| 2023 | $1,778 -9.9% | $103,700 +23% |
| 2022 | $1,974 -4.7% | $84,300 +4.2% |
| 2021 | $2,072 -5% | $80,900 +3.1% |
| 2020 | $2,182 +17.3% | $78,500 |
| 2019 | $1,860 | $78,500 +19.8% |
| 2018 | $1,860 -4.3% | $65,500 +6.3% |
| 2017 | $1,944 | $61,600 -0.3% |
| 2016 | $1,944 -4.5% | $61,800 -16.9% |
| 2015 | $2,036 -20.3% | $74,410 +7.3% |
| 2014 | $2,556 | $69,318 |
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: 0.3 mi
- 3/10McKinley STEAM AcademyGrades: 6-8Distance: 0.4 mi
- 4/10George Washington High SchoolGrades: 9-12Distance: 1.3 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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$167,500
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$170,850
- Iowa
- Linn County
- Cedar Rapids
- 52403
- Wellington Heights
- 1532 5th Ave SE
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