Looking to expand your rental portfolio with stable, cash-flowing properties? This turnkey package consists of four single-family homes and a fourplex, each occupied ensuring immediate income from day one. This could be a rehab and resale as well. MLS 2502222, 2502224, 2502230, 2502217, 2501425 are listed as a portfolio for $745K
Sold for $60,000
Tax assessed value
$60,000
1547 8th Ave SE, Cedar Rapids, IA 52403
2beds
690sqft
Single Family Residence
Built in 1931
1,960 Square Feet Lot
$62,400 Zestimate®
$87/sqft
$1,037 Estimated rent
Home value
$62,400
$57,000 - $67,000
$1,037/mo
Zestimate® history
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$331/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Marie Hancock 319-693-2287,
Fathom Realty
Bought with:
Marie Hancock
Fathom Realty
Source: CRAAR, CDRMLS,MLS#: 2501425
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Living Room
Other
- Level: First
Heating
- Forced Air
Appliances
- Included: Gas Water Heater, Range, Refrigerator
Features
- Main Level Primary
- Basement: Full
Interior area
- Total interior livable area: 690 sqft
- Finished area above ground: 690
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Lot
- Size: 1,960 Square Feet
- Dimensions: 60*32.5
Details
- Parcel number: 142238100600000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding
Condition
- New construction: No
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $24,469
- Annual tax amount: $934
- Date on market: 4/1/2025
- Listing terms: Cash,Conventional,See Remarks
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2025 | Sold | $60,000$87/sqft |
Source:  CRAAR, CDRMLS #2501425 Report a problem | ||
| 4/30/2025 | Pending sale | $60,000$87/sqft |
Source: CRAAR, CDRMLS #2501425 Report a problem | ||
| 4/1/2025 | Listed for sale | $60,000+566.7%$87/sqft |
Source: CRAAR, CDRMLS #2501425 Report a problem | ||
| 11/21/2014 | Sold | $9,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $996 -11.8% | $60,000 +9.1% |
| 2024 | $1,129 +98.1% | $55,000 +4.2% |
| 2023 | $570 +15.4% | $52,800 +95.6% |
| 2022 | $494 -17.9% | $27,000 +13.4% |
| 2021 | $602 +11.9% | $23,800 -12.8% |
| 2020 | $538 | $27,300 +9.2% |
| 2019 | $538 | $25,000 |
| 2018 | $538 +2.7% | $25,000 +6.8% |
| 2017 | $524 +2.7% | $23,400 |
| 2016 | $510 +2.4% | $23,400 -40.1% |
| 2015 | $498 -40.1% | $39,091 |
| 2014 | $832 +2.2% | $39,091 |
| 2013 | $814 +4.9% | $39,091 -3.2% |
| 2012 | $776 | $40,366 |
| 2011 | -- | $40,366 |
| 2010 | $744 | $40,366 -4.1% |
| 2008 | -- | $42,101 |
| 2007 | -- | $42,101 +17.2% |
| 2005 | -- | $35,924 -2.4% |
| 2004 | -- | $36,804 |
| 2003 | -- | $36,804 +11.6% |
| 2002 | -- | $32,991 +14% |
| 2001 | -- | $28,940 |
| 2000 | -- | $28,940 |
Find assessor info on the county website
Neighborhood: Wellington Heights
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Nearby schools
GreatSchools rating
- 3/10Grant Wood Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 3/10McKinley STEAM AcademyGrades: 6-8Distance: 0.3 mi
- 4/10George Washington High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Grant
- 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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$62,400
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$63,648
- Iowa
- Linn County
- Cedar Rapids
- 52403
- Wellington Heights
- 1547 8th Ave SE
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