Investment Opportunity! This well-maintained 4-plex offers a fantastic opportunity for investors seeking steady rental income. Conveniently located in Southeast Cedar Rapids, this property is fully occupied with long-term tenants. The property features three 2 bed/1bath units, and one 1bed/1bath unit. Landlord pays water and gas, tenants pay electricity. New roof installed in 2023 and a new concrete walkway was completed in 2022. Don't mis this opportunity to own a sold multi-family investment!
Sold
$225,000
1541 5th Ave SE #1-4, Cedar Rapids, IA 52403
--beds
1baths
3,360sqft
Multi Family, Residential
Built in 1961
-- sqft lot
$225,000 Zestimate®
$67/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: March 28, 2025 at 03:13pm
Listed by:
Ross Nusser 319-331-5206,
Urban Acres Real Estate
Bought with:
NONMEMBER
Source: Iowa City Area AOR,MLS#: 202500448

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
Heating
- Baseboard, Steam
Features
- Flooring: Carpet
- Basement: Concrete
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
- Finished area above ground: 3,360
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Fencing: Fenced
Lot
- Size: 5,600 sqft
- Dimensions: 40 x 140
Details
- Parcel number: 142230500600000
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Wood, Frame
Condition
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Sidewalks, Street Lights
Location
- Region: Cedar Rapids
- Subdivision: Wellington Heights
Other
Other facts
- Listing terms: Cash,Conventional,FHA
Services availability

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Sell for more than others on Zillow
Get a complimentary Zillow Showcase℠ listing and you could sell for .
$225,000
2% more+ $4,500
With Showcase(estimated)
$229,500