Sold for $273,900

$273,900

3902 1st Ave NE, Cedar Rapids, IA 52402

--beds

--baths

1,904sqft

Multi Family

Built in 1956

-- sqft lot

$284,200 Zestimate^®

$144/sqft

$1,127 Estimated rent

Home value

$284,200

$264,000 - $307,000

$1,127/mo

Zestimate^® history

Owner options

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$1,127/mo

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$1,127/mo

Rent Zestimate^®

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$1,844/mo

Est. payment

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$1,844/mo

Est. payment

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What's special

Private entranceNewer furnacesVersatile commercial spaceNewer central air units

Investors, take note! This well-maintained property on 1st Ave presents an excellent opportunity. The main level features a versatile commercial space, previously used as a beauty salon, ideal for a variety of business ventures. The upper level offers two beautifully remodeled one-bedroom apartments, with a private entrance for added convenience and privacy. The building is equipped with three newer furnaces and three newer central air units, all individually metered. Tenants are responsible for gas and electric, while the owner covers water and garbage. Fully leased and generating income, this property is a turnkey investment. Schedule your private showing today!

Facts & features

Interior

Heating

Cooling

Central Air

Appliances

Laundry: Common Area

Interior area

Total interior livable area: 1,904 sqft

Property

Parking

Parking features: Parking Space(s)

Lot

Size: 6,708 Square Feet

Details

Parcel number: 141122803400000
Zoning: Commerci
Zoning description: Commerci

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Wood Siding

Condition

Year built: 1956

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: $144/sqft
Tax assessed value: $197,900
Annual tax amount: $3,584
Date on market: 5/28/2025
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
7/17/2025	Sold	$273,900-3.9%$144/sqft
Source: CRAAR, CDRMLS #2503852 Report a problem
6/20/2025	Pending sale	$284,900$150/sqft
Source: CRAAR, CDRMLS #2503852 Report a problem
5/28/2025	Listed for sale	$284,900$150/sqft
Source: CRAAR, CDRMLS #2503852 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,325 +3.1%	$197,900 +8.6%
2024	$3,224 -15.8%	$182,200
2023	$3,830 -6.4%	$182,200 +0.3%
2022	$4,094 -7.1%	$181,600
2021	$4,408 -1.6%	$181,600
2020	$4,480 -21.3%	--
2019	$5,691 +25.3%	$182,000
2018	$4,542 -21.6%	$182,000 +43.8%
2017	$5,790 +45%	$126,600
2016	$3,994 +29.5%	$126,600 -11.9%
2015	$3,084 +0.8%	$143,777
2014	$3,060	$143,777