Sold for $225,000

$225,000

1541 5th Ave SE #1-4, Cedar Rapids, IA 52403

--beds

1baths

3,360sqft

Multi Family, Residential

Built in 1961

-- sqft lot

$235,000 Zestimate^®

$67/sqft

$1,234 Estimated rent

Home value

$235,000

$216,000 - $256,000

$1,234/mo

Zestimate^® history

Owner options

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$1,234/mo

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$1,234/mo

Rent Zestimate^®

Refinance and save

$1,240/mo

Est. payment

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$1,240/mo

Est. payment

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What's special

Investment Opportunity! This well-maintained 4-plex offers a fantastic opportunity for investors seeking steady rental income. Conveniently located in Southeast Cedar Rapids, this property is fully occupied with long-term tenants. The property features three 2 bed/1bath units, and one 1bed/1bath unit. Landlord pays water and gas, tenants pay electricity. New roof installed in 2023 and a new concrete walkway was completed in 2022. Don't mis this opportunity to own a sold multi-family investment!

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 1

Heating

Baseboard, Steam

Features

Flooring: Carpet
Basement: Concrete
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 3,360
Total interior livable area: 3,360 sqft
Finished area above ground: 3,360
Finished area below ground: 0

Property

Parking

Total spaces: 4
Parking features: Off Street

Features

Levels: Two
Stories: 2
Patio & porch: Deck
Fencing: Fenced

Lot

Size: 5,600 Square Feet
Dimensions: 40 x 140

Details

Parcel number: 142230500600000
Zoning: Residential
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Residential

Materials

Frame, Wood

Condition

Year built: 1961

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks, Street Lights
Security: Smoke Detector(s)
Subdivision: Wellington Heights

Location

Region: Cedar Rapids

Financial & listing details

Price per square foot: $67/sqft
Annual tax amount: $3,216
Date on market: 1/14/2025
Listing terms: FHA,Cash,Conventional

Price history

Date	Event	Price
3/28/2025	Sold	$225,000$67/sqft
Source: Iowa City Area AOR #202500448 Report a problem
1/15/2025	Listed for sale	$225,000$67/sqft
Source: Iowa City Area AOR #202500448 Report a problem