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For sale
  • $284,900

    3902 1st Ave NE, Cedar Rapids, IA 52402

    --beds
    0baths
    1,904sqft
    : 
    Multi Family
    Built in 1956
    -- sqft lot
    $278,200 Zestimate®
    $150/sqft
    $-- HOA

    What's special

    Private entranceNewer furnacesVersatile commercial spaceNewer central air units
    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!
    7 days
    on Zillow
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    122
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    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#: 2503852MLS LogoOriginating MLS: Cedar Rapids Area Association Of Realtors
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 3902 1st Ave NE.

    Next available tour time:Saturday at 9am

    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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