Pending

Price cut: $25K (8/30)

$299,999

839 Oakland Rd NE, Cedar Rapids, IA 52402

6beds

3,224sqft

$2,222/mo

Get pre-qualified

MultiFamily

Built in 1920

-- sqft lot

$-- Zestimate^®

$93/sqft

$-- HOA

What's special

Detached one-stall garage

Property Overview Two-story, fully updated four-unit multifamily. Excellent unit mix and solid tenant history make this a plug-and-play investment with immediate income. Unit Breakdown Three-bedroom unit — 1,100 sq ft + additional basement space One-bedroom unit — 900 sq ft One-bedroom unit — 700 sq ft Efficiency unit — 500 sq ft All units are well-maintained with modern updates and reliable long-term tenants. Parking & Storage Detached one-stall garage Three additional covered parking spots, with additional on and off-street parking Major Updates (2012–2015) New roof New windows New siding Updated bathrooms Updated kitchens Mechanical & Utilities: Hot water and boiler heat Landlord pays water + heat Tenants handle lawn care & snow removal

What the owner loves about this home

Buyers agents absolutely welcome! This property is extremely easy to maintain, featuring a super-efficient hot water boiler system that keeps utility costs low. Over the past four years, it has seen many upgrades, including new appliances, a freshly painted garage, and a fully recoated garage roof. Located in a great area, this building offers dependable performance and long-term investment stability.

19 days
579
30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1

Heating

Heat pump, Radiant, Gas

Cooling

Central

Appliances

Included: Dishwasher, Garbage disposal, Microwave, Range / Oven, Refrigerator

Features

Flooring: Carpet, Hardwood, Laminate, Linoleum / Vinyl
Basement: Partially finished

Interior area

Total interior livable area: 3,224 sqft

Property

Parking

Total spaces: 4
Parking features: Carport, Garage - Detached, Off-street, On-street

Features

Exterior features: Vinyl
Has view: Yes
View description: City

Lot

Size: 0.25 Acres

Details

Parcel number: 141648003400000

Construction

Type & style

Home type: MultiFamily

Materials

Roof: Asphalt

Condition

New construction: No
Year built: 1920

Community & HOA

Location

Region: Cedar Rapids

Financial & listing details

Price per square foot: $93/sqft
Tax assessed value: $261,200
Annual tax amount: $4,414
Date on market: 8/22/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/3/2026	Pending sale	$299,999$93/sqft
Source: Owner Report a problem
8/30/2026	Price change	$299,999-7.7%$93/sqft
Source: Owner Report a problem
8/22/2026	Listed for sale	$325,000$101/sqft
Source: Owner Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,414 +2.4%	$261,200 +7.2%
2024	$4,312 -2.8%	$243,700
2023	$4,434 -4.3%	$243,700 +15.9%
2022	$4,634 +1.4%	$210,200 +10.7%
2021	$4,572 -5%	$189,900
2020	$4,814 +37.3%	--
2019	$3,506 +0.7%	$173,200 +41.4%
2018	$3,480 -4.3%	$122,500 +14.9%
2017	$3,636 +8.1%	$106,600
2016	$3,364 -4.3%	$106,600 -7%
2015	$3,514 -10.8%	$114,586 +0.3%
2014	$3,938	$114,275