Sold for $225,000

$225,000

1541 5th Ave SE, Cedar Rapids, IA 52403

--beds

--baths

1,680sqft

Multi Family

Built in 1961

-- sqft lot

$234,100 Zestimate^®

$134/sqft

$1,241 Estimated rent

Home value

$234,100

$215,000 - $253,000

$1,241/mo

Zestimate^® history

Owner options

List your home for rent

$1,241/mo

Rent Zestimate^®

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$1,241/mo

Rent Zestimate^®

Refinance and save

$1,595/mo

Est. payment

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$1,595/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

Heating

Hot Water

Interior area

Total interior livable area: 1,680 sqft

Property

Parking

Parking features: Parking Space(s)

Lot

Size: 5,619 Square Feet
Dimensions: 5600

Details

Parcel number: 142230500600000
Zoning: Resident
Zoning description: Resident

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Frame

Condition

Year built: 1961

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Cedar Rapids

Financial & listing details

Price per square foot: $134/sqft
Annual tax amount: $3,216
Date on market: 1/14/2025
Listing terms: Cash,Conventional
Tenant pays: Electricity

Price history

Date	Event	Price
3/28/2025	Sold	$225,000$134/sqft
Source: CRAAR, CDRMLS #2500262 Report a problem
2/3/2025	Pending sale	$225,000$134/sqft
Source: CRAAR, CDRMLS #2500262 Report a problem
1/15/2025	Listed for sale	$225,000$134/sqft
Source: CRAAR, CDRMLS #2500262 Report a problem
6/12/2024	Listing removed	--
Source: Zillow Rentals Report a problem
5/22/2024	Listed for rent	$695
Source: Zillow Rentals Report a problem