Unlock the potential of this converted 4-unit building, perfect for first-time investors or owner-occupant landlords looking for a hassle-free rental opportunity. With a layout that maximizes functionality, these charming units create an inviting atmosphere ideal for those seeking affordability and simplicity. The common-area coin laundry adds convenience, ensuring a seamless experience for renters.
For those looking to live and invest in one property, this building presents an excellent opportunity to occupy one unit while generating rental income from the others—a smart way to offset expenses while building equity.
Tenants pay own electricity, Owner pays for water (sewer & trash), and common electricity. No gas at property.
Seller will be completing a 1031 exchange as part of the sale. Please allow 72hr for showing requests.
Sold for $100,000
$100,000
222 5th Ave SW, Cedar Rapids, IA 52404
--beds
--baths
2,274sqft
Multi Family
Built in 1890
-- sqft lot
$103,800 Zestimate®
$44/sqft
$1,437 Estimated rent
Home value
$103,800
$97,000 - $112,000
$1,437/mo
Zestimate® history
Owner options
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$1,437/mo
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$1,437/mo
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$551/mo
Est. payment
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$551/mo
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Maximizes functionalityCharming units
Zillow last checked:
Listing updated:
Listed by:
Andy Petzold 319-389-5688,
EPIC PROPERTY MANAGEMENT
Bought with:
Connor Harris
SKOGMAN REALTY
Source: CRAAR, CDRMLS,MLS#: 2503630
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Electric
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total interior livable area: 2,274 sqft
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 8,407 Square Feet
- Dimensions: 60 x 140
Details
- Additional structures: Shed(s)
- Parcel number: 142825601200000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stone, Vinyl Siding
Condition
- Year built: 1890
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: $44/sqft
- Tax assessed value: $152,600
- Annual tax amount: $2,354
- Date on market: 5/21/2025
- Listing terms: Cash,Conventional,See Remarks
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2025 | Sold | $100,000-18.7%$44/sqft |
Source:  CRAAR, CDRMLS #2503630 Report a problem | ||
| 5/23/2025 | Pending sale | $123,000$54/sqft |
Source: CRAAR, CDRMLS #2503630 Report a problem | ||
| 5/21/2025 | Listed for sale | $123,000+36.8%$54/sqft |
Source: CRAAR, CDRMLS #2503630 Report a problem | ||
| 3/15/2018 | Sold | $89,900+8.3%$40/sqft |
Source: CRAAR, CDRMLS #1707200 Report a problem | ||
| 10/2/2003 | Sold | $83,000$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,733 +10.8% | $152,600 +5.2% |
| 2024 | $2,467 -11.3% | $145,000 +9% |
| 2023 | $2,780 -14.8% | $133,000 +3.5% |
| 2022 | $3,261 +27.7% | $128,500 |
| 2021 | $2,554 -4.6% | $128,500 +40.1% |
| 2020 | $2,678 +25.3% | $91,700 |
| 2019 | $2,138 | $91,700 +21.8% |
| 2018 | $2,138 -4.3% | $75,300 +21.6% |
| 2017 | $2,234 +14.3% | $61,900 +17.7% |
| 2016 | $1,954 +12.7% | $52,600 -0.7% |
| 2015 | $1,734 -4.7% | $52,970 +6.1% |
| 2014 | $1,820 | $49,928 |
Find assessor info on the county website
Neighborhood: Taylor
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Nearby schools
GreatSchools rating
- 5/10Taylor Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Wilson Middle SchoolGrades: 6-8Distance: 1.3 mi
- 3/10Thomas Jefferson High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Cedar River Academy
- Middle: Wilson
- High: Jefferson
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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$103,800
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- Iowa
- Linn County
- Cedar Rapids
- 52404
- Taylor
- 222 5th Ave SW
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