Excellent multi-family investment opportunity! This property offers four sizable 2-bedroom, 1-bath units, each with historic character and charm. Ideally located within walking distance of Mercy Medical Center, St. Luke’s Hospital, and Coe College, it is well-suited for short-term, mid-term, or long-term rental strategies. Recent improvements include a newly poured concrete pad providing four dedicated off-street parking spaces. Photos are from 2022 post seller renovations. Property is subject to 48-hour tenant rights.
Sold for $185,000 on 09/08/25
$185,000
1211 2nd Ave SE, Cedar Rapids, IA 52403
--beds
--baths
3,667sqft
Multi Family
Built in 1880
-- sqft lot
$185,000 Zestimate®
$50/sqft
$928 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 09, 2025 at 12:25pm
Listed by:
Heather Aswegan 319-560-2823,
Keller Williams Legacy Group
Bought with:
Heather Aswegan
Keller Williams Legacy Group
Source: CRAAR, CDRMLS,MLS#: 2506593
Originating MLS: Cedar Rapids Area Association Of Realtors

Facts & features
Interior
Heating
- Forced Air, Gas
Appliances
- Laundry: Common Area
Features
- Basement: Full
Interior area
- Total interior livable area: 3,667 sqft
Property
Parking
- Total spaces: 4
- Parking features: Parking Space(s)
Lot
- Size: 6,969 sqft
- Dimensions: 140 x 50
Details
- Parcel number: 142232700700000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & neighborhood
Location
- Region: Cedar Rapids
Other
Other facts
- Listing terms: Cash,Conventional
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$185,000
2% more+$3,700
With Zillow Showcase(estimated)$188,700