Investors, take note! This well-maintained property on 1st Ave presents an excellent opportunity. The main level features a versatile commercial space, previously used as a beauty salon, ideal for a variety of business ventures. The upper level offers two beautifully remodeled one-bedroom apartments, with a private entrance for added convenience and privacy.
The building is equipped with three newer furnaces and three newer central air units, all individually metered. Tenants are responsible for gas and electric, while the owner covers water and garbage.
Fully leased and generating income, this property is a turnkey investment. Schedule your private showing today!
For sale
$284,900
3902 1st Ave NE, Cedar Rapids, IA 52402
--beds
0baths
1,904sqft
Est.:
Multi Family
Built in 1956
-- sqft lot
$278,200 Zestimate®
$150/sqft
$-- HOA
What's special
Private entranceNewer furnacesVersatile commercial spaceNewer central air units
- 7 days
- on Zillow |
- 122 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 01:00pm
Listed by:
Laura Merchan 319-551-8900,
SKOGMAN REALTY
Source: CRAAR, CDRMLS,MLS#: 2503852
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
- Gas
Cooling
- Central Air
Appliances
- Laundry: Common Area
Interior area
- Total interior livable area: 1,904 sqft
Video & virtual tour
Property
Parking
- Parking features: Parking Space(s)
Lot
- Size: 6,708.24 Square Feet
Details
- Parcel number: 141122803400000
- Zoning: Commerci
- Zoning description: Commerci
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Wood Siding
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
HOA
- Has HOA: No
Location
- Region: Cedar Rapids
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $182,200
- Annual tax amount: $3,584
- Date on market: 5/28/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
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