For sale

$275,000

1931 Mount Vernon Rd SE, Cedar Rapids, IA 52403

--beds

--baths

1,941sqft

$2,056/mo

Get pre-qualified

Multi Family

Built in 1923

-- sqft lot

$265,000 Zestimate^®

$142/sqft

$-- HOA

What's special

New lighting throughoutGarbage disposalsButcher block counters

Extremely well cared for upper/lower duplex w/ 3 sep. garages & untouched, IA nature behind you. You'll see deer, turkey, & more from your backyard. Could be used as SFH again w/ removal of 2 doors inside front entry. Both units remodeled w/in last few yrs & feat new lighting throughout, plumbing, kitchen sinks/faucets, butcher block counters, painted cabinets & new hardware, garbage disposals, & appliances. Lower unit inc. refinished hardwood floors, new bathroom vanity & mirror, professionally painted, LG stackable W/D, & more. Upper features brand new, plush carpet w/ Nike Grind pad. Both units feature walk-in closets, separate laundry, & separate mechanicals w/ tenants paying all utilities. Newer staircase to upper deck & professionally painted garage. Huge, dry basement for storage w/ exterior access. Upper unit currently vacant. Tenants have 24 hour rights. Listing agent is related to owner. Buyer to verify schools.

6 days
198
30

Facts & features

Interior

Heating

Forced Air, Gas

Cooling

Central Air

Appliances

Laundry: In Unit

Features

Storage
Basement: Full

Interior area

Total interior livable area: 1,941 sqft

Property

Parking

Total spaces: 3
Parking features: Garage
Has garage: Yes

Features

Patio & porch: Deck, Patio

Lot

Size: 8,712 Square Feet
Dimensions: 8,739

Details

Parcel number: 142710304900000
Zoning: Res
Zoning description: Res

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Frame, Vinyl Siding

Condition

Year built: 1923

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: $142/sqft
Tax assessed value: $204,300
Annual tax amount: $3,499
Date on market: 11/4/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas, Water

Estimated market value

$265,000

$252,000 - $278,000

$996/mo

Price history

Date	Event	Price
11/4/2026	Listed for sale	$275,000+52.8%$142/sqft
Source: CRAAR, CDRMLS #2607701 Report a problem
1/11/2023	Sold	$180,000-2.4%$93/sqft
Source: Iowa City Area AOR #202206335 Report a problem
12/14/2022	Contingent	$184,500$95/sqft
Source: Iowa City Area AOR #202206335 Report a problem
12/9/2022	Pending sale	$184,500$95/sqft
Source: CRAAR, CDRMLS #2210079 Report a problem
12/5/2022	Listed for sale	$184,500$95/sqft
Source: CRAAR, CDRMLS #2210079 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,276 +6%	$204,300 +12.9%
2024	$3,090 +4.9%	$180,900 +3.6%
2023	$2,946 +10.6%	$174,600 +25%
2022	$2,664 -4.2%	$139,700 +8.6%
2021	$2,780 +4%	$128,600 +2.1%
2020	$2,674 +7.3%	$126,000 +1.2%
2019	$2,492	$124,500 +7.7%
2018	$2,492 +2.9%	$115,600 +0.6%
2017	$2,422 -3.2%	$114,900
2016	$2,502 +2.5%	$114,900 -0.7%
2015	$2,442 -0.8%	$115,742
2014	$2,462 +2.2%	$115,742
2013	$2,410 +4%	$115,742 -4.1%
2012	$2,318	$120,748 +48.7%
2001	--	$81,220