Pending

$315,000

2841 Cory Ct SW, Cedar Rapids, IA 52404

--beds

1baths

3,492sqft

$2,313/mo

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Multi Family, Residential

Built in 1981

-- sqft lot

$308,600 Zestimate^®

$90/sqft

$-- HOA

What's special

New roofFoundation improvementsHvac units

Acquire a well-maintained, fully leased 4-unit multifamily investment property. Each unit offers 2 bedrooms and 1 bathroom. Numerous significant capital improvements have been completed within the last 5 years, including a new roof, foundation improvements, HVAC units, a complete remodel of Unit 1, plus additional improvements. New gutters and common-area carpet are scheduled to be installed this month. The property offers additional income potential, with current rents below estimated market rates. With limited 4-plex inventory currently available in the Cedar Rapids market, this is an opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. Contact LA for additional details regarding improvements, leases, and financials.

16 days
352
28

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 1

Heating

Electric, Forced Air, Steam

Cooling

Central Air

Appliances

Laundry: Laundry Room

Features

Basement: Daylight
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 3,492
Total interior livable area: 3,492 sqft
Finished area above ground: 1,746
Finished area below ground: 1,746

Property

Parking

Total spaces: 4
Parking features: Off Street

Details

Parcel number: 143335301800000
Zoning: Trad Res High
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Split Level
Property subtype: Multi Family, Residential

Materials

Brick, Vinyl, Frame

Condition

Year built: 1981

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Near Public Transport, Street Lights, Other

HOA

Has HOA: Yes
Services included: Water

Location

Region: Cedar Rapids

Financial & listing details

Price per square foot: $90/sqft
Annual tax amount: $4,546
Date on market: 8/26/2026
Listing terms: Cash,Conventional

Estimated market value

$308,600

$293,000 - $324,000

$969/mo

Price history

Date	Event	Price
9/3/2026	Pending sale	$315,000$90/sqft
Source: CRAAR, CDRMLS #2606041 Report a problem
8/27/2026	Listed for sale	$315,000$90/sqft
Source: CRAAR, CDRMLS #2606041 Report a problem
8/16/2020	Listing removed	$600
Source: Eagle Property Management Report a problem
6/30/2020	Price change	$600+4.3%
Source: Eagle Property Management Report a problem
6/16/2020	Listed for rent	$575
Source: Eagle Property Management Report a problem
4/22/2020	Listing removed	$575
Source: Eagle Property Management Report a problem
4/9/2020	Price change	$575-3.4%
Source: Eagle Property Management Report a problem
4/8/2020	Listed for rent	$595
Source: Eagle Property Management Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 52404

Getting around

42 / 100

Car-Dependent

21 / 100

Minimal Transit

45 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

1/10
Wilson Elementary School
Grades: K-5Distance: 0.5 mi
2/10
Wilson Middle School
Grades: 6-8Distance: 0.6 mi
3/10
Thomas Jefferson High School
Grades: 9-12Distance: 1.7 mi

Schools provided by the listing agent

Elementary: GrantWood
Middle: Wilson
High: Jefferson

Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.