Loads of potential in this Cedar Rapids multiplex. The main floor offers 2 commercial spaces with an office, store front, storage and a single bathroom each. These units could be converted into residential rental units if needed. 2 main floor commercial units are currently vacant. Upstairs offers 2 separate 3-bedroom, 1-bathroom units. Each unit is fully furnished and furnishings are included. The upstairs units are currently rented by the single room and the units share the kitchen, living space. Current tenants are short-term contracts that can be extended if a new buyer chooses or the units could be rented as 2 separate 3-bedroom units. There are 4 updated HVAC units for each of the 2 commercial spaces and the 2 rental units upstairs. Updates include newer vinyl siding, windows and roof.
For sale
$249,900
116 15th St NE, Cedar Rapids, IA 52402
--beds
0baths
3,565sqft
Est.:
Multi Family
Built in 1913
-- sqft lot
$238,000 Zestimate®
$70/sqft
$-- HOA
What's special
Living spaceCommercial spacesSingle bathroomStore front
- 66 days
- on Zillow |
- 219 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: March 24, 2025 at 10:53am
Listed by:
Jeremy Trenkamp Real Estate Team 319-270-1323,
COLDWELL BANKER HEDGES CORRIDOR
Source: CRAAR, CDRMLS,MLS#: 2501372
Originating MLS: Cedar Rapids Area Association Of Realtors

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced Air, Gas
Cooling
- Central Air
Features
- Basement: Full
Interior area
- Total interior livable area: 3,565 sqft
Property
Features
- Exterior features: Fence
Lot
- Size: 2,482.92 Square Feet
- Dimensions: .057 Acre
Details
- Parcel number: 142221301000000
- Zoning: Comm
- Zoning description: Comm
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Masonry, Stucco, Vinyl Siding
Condition
- Year built: 1913
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
Community
- Security: Security System
HOA
- Has HOA: No
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $70/sqft
- Tax assessed value: $106,400
- Annual tax amount: $1,927
- Date on market: 3/4/2025
- Listing terms: Cash,Conventional
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