1517 2nd Ave SE, Cedar Rapids, IA 52403

Historic charm meets modern investment opportunity in this well-maintained three-unit multifamily property located in the heart of Cedar Rapids. Listed on the Historical Registry, this beautifully preserved home features one efficiency apartment, one two-bedroom unit, and one spacious three-bedroom unit with one and a half baths—offering flexibility for a variety of tenant needs. Recent updates include new exterior paint in 2024, modernized electrical and plumbing systems, and thoughtful renovations throughout. Each unit has a strong rental history and long-term tenant stability. The property also offers a two-car detached garage with one heated bay, a fenced yard, and a convenient central location near downtown amenities, shopping, and public transit. Whether you’re looking to expand your investment portfolio or live in one unit while generating income from the others, this turn-key triplex combines historic character with reliable performance and modern updates.