20 Units at $62,500/unit! Exceptional 8 CAP opportunity!
This well maintained 20-unit apartment building offers a mix of comfortable 1 and 2 bedroom units with dedicated 1 car garages.
Each unit has natural gas furnace and central air conditioning, the property has good outside area lighting ensuring year-round comfort for residents. Additionally, the property is equipped with fully-paid for solar panels, providing sustainable energy and reducing utility expenses.
Recent upgrades include new siding, roofs, windows, and driveway. This contributes to the property's overall appeal, durability and dafety minimizing maintenance requirements and enhancing curb appeal.
Showings are available for pre-approved buyers with 24-hour notice.
Don't miss this opportunity to invest in a well-maintained, fully-occupied, multi-family property with potential rental increases. Schedule your showing today! Listing agent is partial owner.
Sold for $1,185,000
$1,185,000
3751 12th Ave SW, Cedar Rapids, IA 52404
--beds
--baths
15,996sqft
Multi Family
Built in 1975
-- sqft lot
$1,291,800 Zestimate®
$74/sqft
$1,275 Estimated rent
Home value
$1,291,800
$1.12M - $1.46M
$1,275/mo
Zestimate® history
Owner options
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$1,275/mo
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$1,275/mo
Rent Zestimate®
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$6,531/mo
Est. payment
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$6,531/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Becky Stonawski 319-480-3740,
SKOGMAN REALTY
Bought with:
Selling Agent Is Not A Member Of The Craar
Cedar Rapids Area Association of REALTORS
Source: CRAAR, CDRMLS,MLS#: 2401235
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Hot Water
Cooling
- Central Air
Appliances
- Laundry: Common Area
Interior area
- Total interior livable area: 15,996 sqft
Property
Parking
- Parking features: Parking Space(s)
- Has garage: Yes
Lot
- Size: 0.93 Acres
- Dimensions: 40,380
Details
- Parcel number: 132545400200000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Foundation: Slab
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Green energy
- Energy efficient items: Solar Panel(s)
Community & HOA
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $74/sqft
- Tax assessed value: $1,072,700
- Annual tax amount: $21,306
- Date on market: 2/26/2024
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2025 | Listing removed | $775 |
Source: Zillow Rentals Report a problem | ||
| 6/27/2025 | Listed for rent | $775+27% |
Source: Zillow Rentals Report a problem | ||
| 5/13/2024 | Sold | $1,185,000-5.2%$74/sqft |
Source:  CRAAR, CDRMLS #2401235 Report a problem | ||
| 4/2/2024 | Pending sale | $1,250,000$78/sqft |
Source: CRAAR, CDRMLS #2401235 Report a problem | ||
| 2/26/2024 | Listed for sale | $1,250,000-3.5%$78/sqft |
Source: CRAAR, CDRMLS #2401235 Report a problem | ||
| 9/29/2023 | Listing removed | -- |
Source: CRAAR, CDRMLS #2305688 Report a problem | ||
| 9/5/2023 | Listed for sale | $1,295,000+99.2%$81/sqft |
Source: CRAAR, CDRMLS #2305688 Report a problem | ||
| 6/12/2020 | Listing removed | $610 |
Source: Eagle Property Management Report a problem | ||
| 4/23/2020 | Price change | $610+9.9% |
Source: Eagle Property Management Report a problem | ||
| 12/24/2019 | Listed for rent | $555 |
Source: Eagle Property Management Report a problem | ||
| 7/12/2018 | Sold | $650,000$41/sqft |
Source: CRAAR, CDRMLS #1803470 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,296 +2.3% | $1,072,700 +6.2% |
| 2024 | $17,878 -9.5% | $1,010,200 |
| 2023 | $19,756 -7.9% | $1,010,200 +7.8% |
| 2022 | $21,452 +23.5% | $936,700 +6.5% |
| 2021 | $17,368 +22.9% | $879,300 |
| 2020 | $14,132 -0.3% | -- |
| 2019 | $14,178 | $657,800 |
| 2018 | $14,178 +2.8% | $657,800 -3.6% |
| 2017 | $13,788 -7.2% | $682,500 |
| 2016 | $14,862 +2.4% | $682,500 +0.2% |
| 2015 | $14,508 +0.1% | $681,445 |
| 2014 | $14,500 +2.2% | $681,445 |
| 2013 | $14,190 +20.3% | $681,445 +11% |
| 2012 | $11,792 | $614,051 |
| 2011 | -- | $614,051 |
Find assessor info on the county website
Neighborhood: Cedar Hills
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Hoover Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Roosevelt Middle SchoolGrades: 6-8Distance: 1.8 mi
- 3/10Thomas Jefferson High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Hoover
- Middle: Roosevelt
- 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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$1,291,800
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+$25,836
With Zillow Showcase(estimated)
$1,317,636
- Iowa
- Linn County
- Cedar Rapids
- 52404
- Cedar Hills
- 3751 12th Ave SW
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