For sale

Price cut: $15K (5/19)

$160,000

366 7th Ave SW, Cedar Rapids, IA 52404

--beds

--baths

1,352sqft

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Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$118/sqft

$-- HOA

What's special

Updates along the way

Discover a compelling investment opportunity with this well-maintained 2-unit multifamily property—ideal for both seasoned investors and those looking to enter the real estate market. This asset offers a strong combination of immediate cash flow potential and long-term appreciation. Each unit features a functional layout with 2 beds and 1 bath, with updates along the way. The property has been consistently occupied with long term tenants, offering reliable rental income with upside potential through rent optimization.

102 days

270

8

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Facts & features

Interior

Heating

Forced Air, Gas

Cooling

Central Air

Features

Basement: Full,Concrete

Interior area

Total interior livable area: 1,352 sqft

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Property

Parking

Total spaces: 3
Parking features: Parking Space(s)
Has garage: Yes

Lot

Size: 7,797 Square Feet
Dimensions: 7815

Details

Parcel number: 142832801000000
Zoning: Res
Zoning description: Res

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Stone
Foundation: Poured

Condition

Year built: 1900

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: $118/sqft
Tax assessed value: $124,700
Annual tax amount: $1,910
Date on market: 3/30/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

$1,117/mo

Price history

Date	Event	Price
5/19/2026	Price change	$160,000-8.6%$118/sqft
Source: CRAAR, CDRMLS #2602134 Report a problem
3/30/2026	Listed for sale	$175,000+66.8%$129/sqft
Source: CRAAR, CDRMLS #2602134 Report a problem
6/3/2015	Listing removed	$104,900$78/sqft
Source: Skogman Realty #1503851 Report a problem
5/16/2015	Listed for sale	$104,900+120.8%$78/sqft
Source: Skogman Realty #1503851 Report a problem
2/12/2003	Sold	$47,500$35/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,910 +2.4%	$124,700 +18.2%
2024	$1,866 +0.9%	$105,500
2023	$1,850 +11%	$105,500 +20.3%
2022	$1,666 +2.3%	$87,700 +9.1%
2021	$1,628 +2.6%	$80,400 +8.9%
2020	$1,586 +2.3%	$73,800
2019	$1,550	$73,800 +2.6%
2018	$1,550 +2.8%	$71,900 -7.3%
2017	$1,508 -10.8%	$77,600 +25.8%
2016	$1,690 +28.8%	$61,700 -4.6%
2015	$1,312 -4.7%	$64,657 +1%
2014	$1,376 +3.3%	$63,988
2013	$1,332 +8.5%	$63,988
2012	$1,228	$63,988
2011	--	$63,988 +10.8%
2010	$1,008	$57,756 -16.8%
2008	--	$69,409
2007	--	$69,409 +8.5%
2005	--	$63,984 +6.6%
2004	--	$60,000
2003	--	$60,000 -16%
2002	--	$71,455 +14%
2001	--	$62,680
2000	--	$62,680

Find assessor info on the county website

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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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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