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Sold for $305,000
    • $305,000

    720 E Ave NW, Cedar Rapids, IA 52405

    --beds
    --baths
    1,848sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $313,200 Zestimate®
    $165/sqft
    $1,258 Estimated rent

    Home value

    $313,200

    $291,000 - $335,000

    $1,258/mo

    Zestimate® history
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    $1,258/mo

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    $1,258/mo

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    $2,044/mo

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    What's special

    Off-street parkingPrivate back deck
    Investment Opportunity – Triplex + Single Family Package Located on the NW side near the new casino, this fully rented triplex is an excellent addition to your portfolio. The property offers three unique units: a spacious 2-bedroom with a private back deck, a cozy studio apartment, and a 1-bedroom unit. One unit is currently furnished, adding flexibility for short- or long-term rental strategies. Additional features include off-street parking with 3 spaces in the rear. This property is being sold together with a single-family home just two doors down, creating a rare opportunity for investors to expand holdings in a strong rental market. Whether you’re looking to grow your portfolio or step into real estate investing with cash flow from day one, this package is worth a closer look! Seller is licensed in the state of Iowa.

    Zillow last checked:

    Listing updated:

    Listed by:

    Chris Puckett 319-899-4705,

    Realty87

    Bought with:

    Rick Povey

    Realty87

    Source: CRAAR, CDRMLS,MLS#: 2507835MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors

    Facts & features

    Interior

    Heating
    • Gas, Hot Water
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 1,848 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Parking Space(s)
    Features
    • Patio & porch: Deck, Patio
    Lot
    • Size: 5,600 Square Feet
    • Dimensions: 40 x 140
    Details
    • Parcel number: 142046301100000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Vinyl Siding
    Condition
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Cedar Rapids

    Financial & listing details

    • Price per square foot: $165/sqft
    • Tax assessed value: $142,700
    • Annual tax amount: $2,410
    • Date on market: 9/15/2025
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    11/21/2025Sold$305,000-7.6%$165/sqft
    Source: CRAAR, CDRMLS #2507835 Report a problem
    10/14/2025Pending sale$330,000$179/sqft
    Source: CRAAR, CDRMLS #2507835 Report a problem
    9/15/2025Listed for sale$330,000+144.4%$179/sqft
    Source: CRAAR, CDRMLS #2507835 Report a problem
    2/26/2024Listing removed--
    Source: Iowa City Area AOR #202105113 Report a problem
    3/4/2022Sold$135,000$73/sqft
    Source: CRAAR, CDRMLS #2106263 Report a problem
    2/8/2022Contingent$135,000$73/sqft
    Source: Iowa City Area AOR #202105113 Report a problem
    1/22/2022Pending sale$135,000$73/sqft
    Source: CRAAR, CDRMLS #2106263 Report a problem
    10/2/2021Price change$135,000-6.9%$73/sqft
    Source: CRAAR, CDRMLS #2106263 Report a problem
    9/9/2021Listed for sale$145,000+143.7%$78/sqft
    Source: CRAAR, CDRMLS #2106263 Report a problem
    1/23/2004Sold$59,500-2.5%$32/sqft
    Source: Public Record Report a problem
    1/7/1998Sold$61,000$33/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,410 +4.7%$142,700 +7.2%
    2024$2,302 -13.9%$133,100 +2.3%
    2023$2,674 -13.6%$130,100 +2.6%
    2022$3,094 +27.2%$126,800
    2021$2,432 -5%$126,800 +37.7%
    2020$2,560 +8.1%$92,100
    2019$2,368 $92,100 +10.4%
    2018$2,368 -4.3%$83,400 +24.9%
    2017$2,474 +17.4%$66,800
    2016$2,108 -4.3%$66,800 +0.5%
    2015$2,202 -3.6%$66,455 +13%
    2014$2,284 $58,814
    Find assessor info on the county website

    Neighborhood: 52405

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Harrison
    • 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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    $313,200
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    +$6,264
    With Zillow Showcase(estimated)
    $319,464

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