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Sold for $225,000 on 03/28/25
  • $225,000

    1541 5th Ave SE #1-4, Cedar Rapids, IA 52403

    --beds
    1baths
    3,360sqft
    Multi Family, Residential
    Built in 1961
    -- sqft lot
    $226,400 Zestimate®
    $67/sqft
    $-- Estimated rent

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    $1,247/mo

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    What's special

    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!

    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 Corridor

    Bought with:

    NONMEMBER

    Source: Iowa City Area AOR,MLS#: 202500448MLS Logo

    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
    • Frame, Wood
    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: FHA,Cash,Conventional
    Sell for more
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $226,400
    2% more+$4,528
    With Zillow Showcase(estimated)$230,928